Director John Slowik details options and RSUs in Controladora Vuela (NYSE: VLRS)

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion (Volaris) director John Slowik has filed an initial Form 3 detailing his equity holdings. The filing lists vested stock options over 67,872 Series A shares at an exercise price of 32.2300 (Mexican pesos) expiring on April 26, 2026, and additional options over 74,426 shares at 33.8000 expiring on April 26, 2027. It also shows 120,850 restricted securities units that will vest on April 28, 2026, each representing one Series A share with no expiration date, plus 19,186 Series A shares held directly, including 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^*

Slowik John

(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	19,186(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 Securities Units (BoDIP)	(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 John Slowik report?

The Form 3 reports director John Slowik’s initial equity holdings in Volaris. It lists vested stock options, unvested restricted securities units, and directly held Series A common shares, establishing his starting ownership position as an insider.

How many Volaris options does John Slowik hold according to this Form 3?

John Slowik holds stock options over 67,872 Series A shares at 32.2300 and 74,426 shares at 33.8000. Both option grants are vested and currently exercisable, with expirations on April 26, 2026 and April 26, 2027, respectively.

What restricted securities units (RSUs) does John Slowik report in VLRS?

He reports 120,850 restricted securities units tied to Series A shares of common stock. These units will vest on April 28, 2026 and have no expiration date, with each unit representing a contingent right to receive one Series A share upon vesting.

How many Volaris common shares does John Slowik directly own?

The filing shows direct ownership of 19,186 Series A shares of common stock. These shares are owned through American Depositary Shares, which represent economic interests in the underlying Series A shares of Volaris.

Are John Slowik’s Volaris options currently exercisable?

Yes. The notes specify that the options reported are vested and currently exercisable. They cover 67,872 Series A shares at 32.2300 and 74,426 shares at 33.8000, with expirations in 2026 and 2027, respectively.