VLRS (VLRS) executive reports restricted units and 429,473 shares in Form 3

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. executive Friscione Dionisio Arturo Perez Jacome, Chief ESG & Corporate Affairs, filed an initial Form 3 reporting his equity holdings. He holds restricted securities units tied to 103,123, 187,948, and 304,562 Series A shares of common stock, all with a conversion price of 0.0000 per share. These units vest either fully on November 6, 2026 or in two or three equal annual installments beginning on that date and have no expiration date. He also reports direct ownership of 429,473 Series A shares of common stock.

SEC Form 3

FORM 3

UNITED 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

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1. Name and Address of Reporting Person^*

Friscione Dionisio Arturo Perez Jacome

(Last) (First) (Middle)

AV. ANTONIO DOVALI JAIME NO. 70

13 FL, TWR B, COLONIA ZEDEC SANTA FE

(Street)

MEXICO CITY 01210

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief ESG & Corporate Affairs

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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 stock	429,473	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 Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Securities Units	(1)	(1)	Series A shares of common stock	103,123	(2)	D
Restricted Securities Units	(3)	(3)	Series A shares of common stock	187,948	(2)	D
Restricted Securities Units	(4)	(4)	Series A shares of common stock	304,562	(2)	D

Explanation of Responses:

1. The restricted securities units will vest on November 6, 2026 and have no expiration date.

2. Each restricted securities unit represents a contingent right to receive on Series A share of common stock.

3. The restricted securities units will vest in two equal annual installments beginning on November 6, 2026 and have no expiration date.

4. The restricted securities units will vest in three equal annual installments beginning on November 6, 2026 and have no expiration date.

Remarks:

Exhibit 24 - Power of Attorney.

	/s/ Isela Cervantes Rodriguez, Attorney-in-fact.	03/18/2026
	** Signature of Reporting Person	Date
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)

FAQ

What does the VLRS Form 3 filing by Friscione Dionisio Arturo Perez Jacome show?

The Form 3 shows his initial equity holdings in Controladora Vuela. It lists multiple restricted securities units and directly held Series A common shares, establishing his starting ownership position as Chief ESG & Corporate Affairs.

How many Series A common shares does the VLRS executive report directly holding?

He reports direct ownership of 429,473 Series A shares of common stock. This figure reflects his current direct share position separate from his restricted securities units, which may convert into additional Series A shares upon vesting.

What restricted securities units are disclosed in the VLRS Form 3 filing?

The filing discloses three blocks of restricted securities units. They are linked to 103,123, 187,948, and 304,562 underlying Series A common shares, each with a conversion or exercise price of 0.0000 per share when they vest.

When do the VLRS restricted securities units reported by the executive vest?

Some of the restricted securities units vest on November 6, 2026, while others vest in two or three equal annual installments beginning on November 6, 2026. The units have no expiration date after vesting conditions are met.

What does each restricted securities unit represent for VLRS stock?

Each restricted securities unit represents a contingent right to receive one Series A share of common stock. This means, once vesting conditions are satisfied, each unit can be settled in a single Series A share at no exercise cost.

Is there any buy or sell transaction in this VLRS Form 3 filing?

The filing does not report any buy or sell transactions. Instead, it records existing holdings of restricted securities units and Series A common shares, serving as an initial ownership statement for the reporting executive.