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Controladora Vuela (NYSE: VLRS) director details share and option stakes

(Neutral)
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. director Ricardo Maldonado Yanez filed an initial beneficial ownership report, disclosing direct ownership of 176,678 Series A shares of common stock. He also holds vested stock options exercisable for 67,872 and 74,426 Series A shares at exercise prices of MXN 32.23 and MXN 33.80 per share, expiring in April 2026 and April 2027. In addition, he holds Restricted Securities Units covering 122,573 (Annual Fee) and 106,461 (BoDIP) Series A shares, which will vest on April 28, 2026, with each unit representing a contingent right to one share.

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Insider Maldonado Yanez Ricardo
Role Director
Type Security Shares Price Value
holding Options F2, F1 -- -- --
holding Options F2, F1 -- -- --
holding Restricted Securities Units (Annual Fee) F4, F3 -- -- --
holding Restricted Securities Units (BoDIP) F4, F3 -- -- --
holding Series A shares of common stock -- -- --
Holdings After Transaction: Options — 142,298 shares (Direct); Restricted Securities Units (Annual Fee) — 122,573 shares (Direct); Restricted Securities Units (BoDIP) — 106,461 shares (Direct); Series A shares of common stock — 176,678 shares (Direct)
Footnotes (4)
  1. F1. The options are vested and currently exercisable.
  2. F2. The price shown is in Mexican Pesos.
  3. F3. The restricted securities units will vest on April 28, 2026 and have no expiration date.
  4. F4. Each restricted securities unit represents a contingent right to receive one Series A share of common stock.
Direct common shares owned 176,678 shares Series A shares of common stock held directly as of March 18, 2026
Vested options tranche 1 underlying shares 67,872 shares Options on Series A shares, exercisable at MXN 32.2300, expiring April 26, 2026
Vested options tranche 2 underlying shares 74,426 shares Options on Series A shares, exercisable at MXN 33.8000, expiring April 26, 2027
RSUs (Annual Fee) underlying shares 122,573 units Restricted Securities Units vesting April 28, 2026, each for one Series A share
RSUs (BoDIP) underlying shares 106,461 units Restricted Securities Units vesting April 28, 2026, each for one Series A share
initial statement of beneficial ownership of securities regulatory
"This initial statement of beneficial ownership of securities on Form 3 was initially filed"
Series A shares of common stock financial
"underlying security title is Series A shares of common stock for options and RSUs"
Restricted Securities Units financial
"The restricted securities units will vest on April 28, 2026 and have no expiration date"
Power of Attorney regulatory
"Exhibit 24 - Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

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FAQ

What equity stake did VLRS director Ricardo Maldonado Yanez report in this Form 3?

He reported direct ownership of 176,678 Series A shares of common stock. He also disclosed options and Restricted Securities Units linked to additional Series A shares, providing him with further contingent equity exposure to Controladora Vuela (VLRS).

What stock options linked to VLRS shares does Ricardo Maldonado Yanez hold?

He holds vested options over 67,872 and 74,426 Series A shares, with exercise prices of MXN 32.23 and MXN 33.80 per share. These options expire on April 26, 2026 and April 26, 2027, respectively.

What Restricted Securities Units (RSUs) did the VLRS director disclose?

He disclosed 122,573 Restricted Securities Units (Annual Fee) and 106,461 Restricted Securities Units (BoDIP). Each unit represents a contingent right to receive one Series A share of common stock, increasing his potential future stake in VLRS.

When do Ricardo Maldonado Yanez’s RSUs in VLRS vest?

The Restricted Securities Units disclosed vest on April 28, 2026 and have no expiration date. Once vested, each unit entitles him to receive one Series A share of Controladora Vuela, subject to the plan’s terms.

In what currency are the VLRS option exercise prices quoted for this director?

The option exercise prices of 32.2300 and 33.8000 are quoted in Mexican Pesos. This currency detail comes from the footnotes and applies to both option grants over VLRS Series A shares reported in the Form 3.

Is this VLRS Form 3 a new filing or a refiling of earlier information?

It is a refiling of an initial Form 3 originally submitted under a different CIK. The company notes the information is identical to the prior submission and was refiled due to a technical error.
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*
Maldonado Yanez Ricardo

(Last)(First)(Middle)
AV. ANTONIO DOVALI JAIME 70, TOWER B, 13
FLOOR, 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 stock176,678D
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 (1)04/26/2026Series A shares of common stock67,872$32.23(2)D
Options (1)04/26/2027Series A shares of common stock74,426$33.8(2)D
Restricted Securities Units (Annual Fee) (3) (3)Series A shares of common stock122,573(4)D
Restricted Securities Units (BoDIP) (3) (3)Series A shares of common stock106,461(4)D
Explanation of Responses:
1. The options are vested and currently exercisable.
2. The price shown is in Mexican Pesos.
3. The restricted securities units will vest on April 28, 2026 and have no expiration date.
4. Each restricted securities unit represents a contingent right to receive one Series A share of common stock.
Remarks:
Note: This initial statement of beneficial ownership of securities on Form 3 was initially filed with the U.S. Securities and Exchange Commission on March 19, 2026, under CIK number 0001520504 (the "Original Form 3"), and due to a technical error, it is now being re-filed under CIK number 0001361096. Please note that the information presented herein is identical to the information submitted in the Original Form 3 and has not undergone any alteration, variation, or addition of any kind. Exhibit 24 - Power of Attorney.
/s/ Jose Alejandro De Iturbide Gutierrez, Attorney-in-fact, for Ricardo Maldonado Yanez07/30/2026
** 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)