VLRS (VLRS) director Stan L. Pace reports options, RSUs and shares in Form 3

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion (VLRS) director Stan L. Pace filed an initial ownership report showing equity awards and shares tied to the company. He holds options over 67,872 Series A shares at an exercise price of 32.2300 and 74,426 shares at 33.8000, both in Mexican pesos and already vested. He also holds 120,850 restricted stock units that vest on April 28, 2026, each representing one Series A share, plus 228,390 Series A shares, held through American Depositary Shares.

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^*

Pace Stan L

(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	228,390(1)	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	(2)	04/26/2026	Series A shares of common stock	67,872	$32.23(3)	D
Options	(2)	04/26/2027	Series A shares of common stock	74,426	$33.8(3)	D
Restricted Stock Units (Board of Directors Incentive Plan)	(4)	(4)	Series A shares of common stock	120,850	(5)	D

Explanation of Responses:

1. Shares owned through American Depositary Shares (ADSs). Each ADS representing ten (10) Ordinary Participacion Certificates (Certificados de Participacion Ordinarios) (CPOs). Each CPO representing the economic interest in one (1) share of Series A shares of common stock.

2. The options are vested and currently exercisable.

3. The price shown is in Mexican Pesos.

4. The restricted securities units will vest on April 28, 2026 and have no expiration date.

5. 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 Stan L. Pace report?

The Form 3 reports initial ownership by director Stan L. Pace in Controladora Vuela. It lists his existing options, restricted stock units, and Series A common shares, without indicating any new purchases or sales in this filing.

How many VLRS options does Stan L. Pace hold according to the Form 3?

Stan L. Pace holds two vested option grants over 67,872 and 74,426 Series A shares. Their exercise prices are 32.2300 and 33.8000, respectively, both stated in Mexican pesos, with expirations in 2026 and 2027.

What restricted stock units does the VLRS Form 3 show for Stan L. Pace?

The Form 3 shows 120,850 restricted stock units under the Board of Directors Incentive Plan. These units vest on April 28, 2026 and each unit represents a contingent right to receive one Series A share of common stock.

How many VLRS Series A common shares does Stan L. Pace directly own?

Stan L. Pace directly owns 228,390 Series A shares of common stock. A footnote explains these are held through American Depositary Shares, with each ADS ultimately corresponding to the economic interest in one Series A share.

Are there any buy or sell transactions in this VLRS Form 3 filing?

The Form 3 lists holdings only and no explicit buy or sell transactions. All four entries are categorized as holdings with unknown transaction codes, reflecting existing positions rather than new market activity.

What currency is used for the VLRS option exercise prices in the Form 3?

A footnote states the option exercise prices are in Mexican pesos. The reported prices of 32.2300 and 33.8000 therefore refer to amounts in Mexican currency, not U.S. dollars, for the Series A share options.