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

Director at Controladora Vuela (NYSE: VLRS) reports equity holdings

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

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion director Margain Guadalupe Phillips filed an initial Form 3 detailing existing equity interests in Series A common shares and related awards.

The filing shows vested options over 67,872 shares at 32.2300 and 74,426 shares at 33.8000, restricted stock units over 98,405 and 106,461 shares that each represent a right to one Series A share, and direct ownership of 158,513 Series A shares. The options are already vested and currently exercisable, while one RSU grant will vest on April 28, 2026.

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Insider Margain Guadalupe Phillips
Role Director
Type Security Shares Price Value
holding Options -- -- --
holding Options -- -- --
holding Restricted Stock Units (Board of Directors Incentinve Plan) -- -- --
holding Restricted Stock Units (Annual Fee) -- -- --
holding Series A shares of common stock -- -- --
Holdings After Transaction: Options — 67,872 shares (Direct); Restricted Stock Units (Board of Directors Incentinve Plan) — 98,405 shares (Direct); Restricted Stock Units (Annual Fee) — 106,461 shares (Direct); Series A shares of common stock — 158,513 shares (Direct)
Footnotes (1)
  1. 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.
Understanding Insider Trading Forms →
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*
Margain Guadalupe Phillips
(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 stock158,513D
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 Stock Units (Board of Directors Incentinve Plan) (3) (3)Series A shares of common stock98,405(4)D
Restricted Stock Units (Annual Fee) (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 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 does the VLRS Form 3 filing by Margain Guadalupe Phillips show?

The Form 3 shows existing holdings of options, restricted stock units, and common shares in Controladora Vuela. It is an initial ownership report, not a new purchase or sale, outlining vested options, RSUs and directly held Series A shares.

How many VLRS options does Margain Guadalupe Phillips report on the Form 3?

The filing reports two vested option positions: 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 positions are currently exercisable and expire in 2026 and 2027, respectively.

What restricted stock units does the VLRS director hold according to the Form 3?

The director holds two RSU awards: 98,405 restricted stock units under the Board of Directors Incentive Plan and 106,461 restricted stock units as an annual fee. One RSU grant vests on April 28, 2026, and each unit represents a right to receive one Series A share.

How many VLRS Series A common shares does Margain Guadalupe Phillips directly own?

The Form 3 discloses direct ownership of 158,513 Series A shares of common stock. This figure reflects shares held outright, separate from options and restricted stock units, and is reported as a direct ownership position as of the transaction date in the filing.

Are the VLRS options reported by the director currently exercisable?

Yes, the footnotes state the options are vested and currently exercisable. They cover 67,872 and 74,426 underlying Series A shares, with exercise prices shown in Mexican pesos and expiration dates in April 2026 and April 2027, respectively.