VLRS (NYSE: VLRS) director discloses options, RSUs and share stake

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion (VLRS) director Jose Luis Fernandez reported his existing equity-based holdings. He holds 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, all vested and currently exercisable in Mexican pesos.

He also holds 146,742 restricted securities units from an annual fee program and 106,461 restricted securities units under a BoDIP program, each unit representing a contingent right to receive one Series A share. These restricted securities units will vest on April 28, 2026 and have no expiration date. In addition, he directly owns 193,724 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^*

Fernandez Jose Luis Fernandez

(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	193,724	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	146,742	(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 equity holdings does VLRS director Jose Luis Fernandez report on this Form 3?

He reports direct ownership of 193,724 Series A shares plus multiple equity awards. These include options and restricted securities units linked to additional Series A shares, giving him a substantial equity-based interest aligned with Controladora Vuela Compania de Aviacion’s performance.

What stock options does Jose Luis Fernandez hold in Controladora Vuela (VLRS)?

He holds vested options over 67,872 Series A shares at 32.2300 and options over 74,426 shares at 33.8000, with prices shown in Mexican pesos. These options are currently exercisable and expire in 2026 and 2027, respectively, if not exercised.

How many restricted securities units linked to VLRS shares does Jose Luis Fernandez hold?

He holds 146,742 restricted securities units from an annual fee program and 106,461 restricted securities units under a BoDIP program. Each unit represents a contingent right to receive one Series A share of common stock upon vesting conditions being satisfied.

When do Jose Luis Fernandez’s VLRS restricted securities units vest?

The restricted securities units will vest on April 28, 2026. After vesting, each unit represents a right to receive one Series A share of common stock, and the units have no contractual expiration date according to the disclosed terms.

Are Jose Luis Fernandez’s VLRS stock options currently exercisable?

Yes, the filing notes that the options are vested and currently exercisable. They relate to Series A shares of common stock, carry exercise prices stated in Mexican pesos, and have expiration dates in 2026 and 2027 if left unexercised.

What currency is used for Jose Luis Fernandez’s VLRS option exercise prices?

The option exercise prices, such as 32.2300 and 33.8000, are stated in Mexican pesos. This reflects the local-currency structure of the equity awards tied to Series A shares of Controladora Vuela Compania de Aviacion’s common stock.