VLRS legal chief reports initial share holdings

Controladora Vuela Compania de Aviacion’s Chief Legal Officer, Jose Alejandro de Iturbide, filed an initial ownership report showing his equity position in the company.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion’s Chief Legal Officer, Jose Alejandro de Iturbide, filed an initial ownership report showing his equity position in the company. He holds 740,442 Series A shares of common stock directly, plus several grants of restricted securities units tied to additional Series A shares.

The restricted securities units cover 127,185, 232,697 and 377,077 underlying Series A shares. One grant vests on November 6, 2026, another vests in two equal annual installments beginning on that date, and the third vests in three equal annual installments beginning on that date. These units have no expiration date and each unit represents a contingent right to receive one Series A share.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Gutierrez Jose Alejandro de Iturbide

Role Chief Legal Officer

Type	Security	Shares	Price	Value
holding	Restricted Securities Units	--	--	--
holding	Restricted Securities Units	--	--	--
holding	Restricted Securities Units	--	--	--
holding	Series A shares of common stock	--	--	--

Holdings After Transaction: Restricted Securities Units — 736,959 contracts (Direct); Series A shares of common stock — 740,442 shares (Direct)

Footnotes (4)

F1. The restricted securities units will vest on November 6, 2026 and have no expiration date.
F2. Each restricted securities unit represents a contingent right to receive on Series A share of common stock.
F3. The restricted securities units will vest in two equal annual installments beginning on November 6, 2026 and have no expiration date.
F4. The restricted securities units will vest in three equal annual installments beginning on November 6, 2026 and have no expiration date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the VLRS Form 3 filing by the Chief Legal Officer report?

The Form 3 reports the Chief Legal Officer’s initial ownership in VLRS, including 740,442 Series A common shares held directly and multiple restricted securities unit grants. These disclosures establish his baseline equity position as a company officer.

How many Controladora Vuela (VLRS) shares does the officer directly hold?

The officer directly holds 740,442 Series A shares of common stock. This direct holding is separate from his restricted securities units, which represent additional contingent rights to receive Series A shares upon vesting in future years.

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

The filing discloses three restricted securities unit grants tied to 127,185, 232,697 and 377,077 underlying Series A shares. Each unit gives a contingent right to receive one share, subject to specific vesting schedules beginning November 6, 2026.

When do the VLRS restricted securities units for the Chief Legal Officer vest?

One restricted unit grant vests entirely on November 6, 2026. The second vests in two equal annual installments beginning that date, while the third vests in three equal annual installments beginning November 6, 2026, with all units having no expiration date.

Does the VLRS Form 3 show any insider buying or selling activity?

The Form 3 is an initial ownership statement and does not show buy or sell transactions. It lists existing holdings of Series A shares and restricted securities units, focusing on position size and vesting terms rather than recent trading activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 09:58 PM EDT

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Gutierrez Jose Alejandro de Iturbide

(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 Legal Officer

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	740,442	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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Restricted Securities Units	⁽¹⁾	⁽¹⁾	Series A shares of common stock	127,185	⁽²⁾	D
Restricted Securities Units	⁽³⁾	⁽³⁾	Series A shares of common stock	232,697	⁽²⁾	D
Restricted Securities Units	⁽⁴⁾	⁽⁴⁾	Series A shares of common stock	377,077	⁽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)

Source: View Original Filing on SEC EDGAR