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  4. [Form 3] Controladora Vuela Compania de Aviacion, S.A.B. de C.V. Initial Statement of Beneficial Ownership

Controladora Vuela (NYSE: VLRS) director reports detailed equity holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. director Deneke Joaquin Alberto Palomo has reported his initial equity holdings. He directly owns 101,860 Series A shares of common stock, including shares held through American Depositary Shares.

He also holds options over 67,872 Series A shares at an exercise price of 32.2300 (Mexican pesos) expiring on April 26, 2026, and options over 74,426 shares at 33.8000 expiring on April 26, 2027. In addition, he holds 120,850 restricted securities units that will vest on April 28, 2026, each unit representing a contingent right to receive one Series A share with no expiration date.

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Insider Deneke Joaquin Alberto Palomo
Role Director
Type Security Shares Price Value
holding Options -- -- --
holding Options -- -- --
holding Restricted Securities Units (BoDIP) -- -- --
holding Series A shares of common stock -- -- --
Holdings After Transaction: Options — 67,872 shares (Direct); Restricted Securities Units (BoDIP) — 120,850 shares (Direct); Series A shares of common stock — 101,860 shares (Direct)
Footnotes (1)
  1. Shares owned through American Depositary Shares (ADSs). Each ADS representing ten (10) Ordinary Participacion Certificates (Certificados de Participacion Ordinarios) (CPOs). Each CPO representing the economic interest in one (1) share of Series A shares of common stock. The options are vested and currently exercisable. The price shown is in Mexican Pesos. The restricted securities units will vest on April 28, 2026 and have no expiration date. Each restricted securities unit represents a contingent right to receive on Series A share of common stock.
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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Deneke Joaquin Alberto Palomo
(Last)(First)(Middle)
AV. ANTONIO DOVALI JAIME NO. 70
13 FL, TWR B, COLONIA ZEDEC SANTA FE
(Street)
MEXICO CITY01210
(City)(State)(Zip)
MEXICO
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026		3. Issuer Name and Ticker or Trading Symbol
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. [ VLRS ]
3a. Foreign Trading Symbol
[VOLAR] 		5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A shares of common stock101,860(1)D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Options (2)04/26/2026Series A shares of common stock67,872$32.23(3)D
Options (2)04/26/2027Series A shares of common stock74,426$33.8(3)D
Restricted Securities Units (BoDIP) (4) (4)Series A shares of common stock120,850(5)D
Explanation of Responses:
1. Shares owned through American Depositary Shares (ADSs). Each ADS representing ten (10) Ordinary Participacion Certificates (Certificados de Participacion Ordinarios) (CPOs). Each CPO representing the economic interest in one (1) share of Series A shares of common stock.
2. The options are vested and currently exercisable.
3. The price shown is in Mexican Pesos.
4. The restricted securities units will vest on April 28, 2026 and have no expiration date.
5. Each restricted securities unit represents a contingent right to receive on Series A share of common stock.
Remarks:
Exhibit 24 - Power of Attorney.
/s/ Isela Cervantes Rodriguez, Attorney-in-fact.03/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider position does Deneke Joaquin Alberto Palomo hold at Controladora Vuela (VLRS)?

Deneke Joaquin Alberto Palomo is a director of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. This Form 3 discloses his initial holdings of common shares, stock options, and restricted securities units in the company for regulatory transparency.

How many Controladora Vuela (VLRS) common shares does the director directly own?

The director directly owns 101,860 Series A shares of common stock. According to the disclosure, these include shares held through American Depositary Shares, which represent economic interests in the company’s Series A common equity structure.

What stock options in Controladora Vuela (VLRS) are reported on this Form 3?

He holds options over 67,872 Series A shares at 32.2300 and 74,426 shares at 33.8000, both in Mexican pesos, expiring on April 26, 2026 and April 26, 2027 respectively, and the options are stated to be vested and currently exercisable.

What restricted securities units in Controladora Vuela (VLRS) does the director hold?

He holds 120,850 restricted securities units that will vest on April 28, 2026. Each restricted securities unit represents a contingent right to receive one Series A share of common stock, and these units have no expiration date after vesting.

How are Controladora Vuela (VLRS) shares represented through ADSs in this filing?

The filing notes that some holdings are through American Depositary Shares (ADSs). Each ADS represents ten Ordinary Participacion Certificates (CPOs), and each CPO represents the economic interest in one Series A share of common stock in Controladora Vuela.

Do the Controladora Vuela (VLRS) restricted securities units have an exercise price or expiration?

The restricted securities units have an exercise price of 0.0000 and no expiration date. They will vest on April 28, 2026, after which each unit entitles the holder to receive one Series A share of common stock.