VLRS (VLRS) director details options, RSUs and 176,678 shares on Form 3

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion (VLRS) director Ricardo Maldonado Yanez filed an initial Form 3 reporting his equity interests in the company. He holds vested stock options over 67,872 Series A shares at an exercise price of 32.2300 and options over 74,426 Series A shares at 33.8000, both priced in Mexican pesos and expiring in 2026 and 2027 respectively.

He also reports restricted securities units tied to 122,573 Series A shares under an annual fee program and 106,461 units under a BoDIP program, each unit representing a contingent right to receive one Series A share. In addition, he directly owns 176,678 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^*

Yanez Ricardo Maldonado

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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	176,678	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
Options	(1)	04/26/2026	Series A shares of common stock	67,872	$32.23(2)	D
Options	(1)	04/26/2027	Series A shares of common stock	74,426	$33.8(2)	D
Restricted Securities Units (Annual Fee)	(3)	(3)	Series A shares of common stock	122,573	(4)	D
Restricted Securities Units (BoDIP)	(3)	(3)	Series A shares of common stock	106,461	(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 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 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 Ricardo Maldonado Yanez report?

The Form 3 reports director Ricardo Maldonado Yanez’s existing equity interests in VLRS. It lists his stock options, restricted securities units, and directly held Series A shares, establishing his baseline ownership when he became subject to insider reporting rules.

How many VLRS stock options does Ricardo Maldonado Yanez hold on his Form 3?

He reports vested options over 67,872 Series A shares at 32.2300 and 74,426 shares at 33.8000. Both option grants are currently exercisable, are priced in Mexican pesos, and expire in 2026 and 2027 respectively.

What restricted securities units does the VLRS director disclose on Form 3?

He discloses 122,573 restricted securities units under an annual fee program and 106,461 units under a BoDIP program. Each unit represents a contingent right to receive one Series A share, with the restricted securities units scheduled to vest on April 28, 2026 and no expiration date.

How many VLRS Series A common shares does Ricardo Maldonado Yanez directly own?

He directly owns 176,678 Series A shares of common stock. This figure is separate from his options and restricted securities units and represents his reported current direct shareholding in Controladora Vuela Compania de Aviacion, S.A.B. de C.V.

Does the VLRS Form 3 show any recent buying or selling by the director?

The Form 3 presents his holdings as of becoming a reporting insider and does not identify any buy or sell transactions. All entries are coded as holdings, with transaction direction fields marked as unknown and no open-market trades indicated.