Director Donovan Dean sells 50,000 ADS

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. director Donovan William Dean reported an open-market sale of 50,000 Series A common stock shares on May 12, 2026, at a weighted average price of $7.33 per ADS.

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. director Donovan William Dean reported an open-market sale of 50,000 Series A common stock shares on May 12, 2026, at a weighted average price of $7.33 per ADS.

The shares are held through American Depositary Shares, with each ADS representing ten CPOs and each CPO representing the economic interest in one Series A share. After this transaction, Dean directly holds 3,046,050 Series A shares, indicating he retains a substantial position in the company.

Insider Trade Summary

Net Seller: 50,000 shares

Net Sell 1 txn

Insider Donovan William Dean

Role Director

Sold 50,000 shs ($367K)

Type	Security	Shares	Price	Value
Sale	Series A shares of common stock	50,000	$7.33	$367K

Holdings After Transaction: Series A shares of common stock — 3,046,050 shares (Direct)

Footnotes (2)

1. F1. Shares owned through American Depositary Shares ("ADSs"). Each ADS representing ten (10) Certificados de Participacion Ordinarios (CPOs). Each CPO representing the economic interest in one (1) share of Series A shares of common stock.
2. F2. The price reported in column 4 is a weighted average price per ADS sold. The ADSs were sold in multiple transactions at prices ranging from $7.32 to $7.34. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Key Figures

Shares sold: 50,000 shares Weighted average price: $7.33 per ADS Post-transaction holdings: 3,046,050 shares +1 more

4 metrics

Shares sold 50,000 shares Series A shares of common stock sold on May 12, 2026

Weighted average price $7.33 per ADS Open-market sale price range $7.32–$7.34 per ADS

Post-transaction holdings 3,046,050 shares Series A shares directly held after the sale

ADS to share structure 1 ADS = 10 CPOs; 1 CPO = 1 share economic interest Structure of American Depositary Shares for VLRS

Key Terms

American Depositary Shares, Certificados de Participacion Ordinarios, weighted average price, open-market sale

4 terms

American Depositary Shares financial

"Shares owned through American Depositary Shares ("ADSs"). Each ADS representing ten (10) Certificados de Participacion Ordinarios (CPOs)."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Certificados de Participacion Ordinarios financial

"Each ADS representing ten (10) Certificados de Participacion Ordinarios (CPOs). Each CPO representing the economic interest in one (1) share of Series A shares."

weighted average price financial

"The price reported in column 4 is a weighted average price per ADS sold."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

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

What insider transaction did VLRS director Donovan William Dean report?

Director Donovan William Dean reported an open-market sale of 50,000 Series A common stock shares. The transaction occurred on May 12, 2026, and was disclosed as a standard insider sale on Form 4 for Controladora Vuela Compania de Aviacion (VLRS).

At what price did Donovan William Dean sell VLRS shares?

The reported price is a weighted average of $7.33 per American Depositary Share (ADS). Footnotes state these ADS were sold in multiple trades between $7.32 and $7.34, with full trade breakdowns available upon request from the issuer or the SEC staff.

How many VLRS shares does Donovan William Dean hold after this sale?

Following the sale, Donovan William Dean directly holds 3,046,050 Series A shares of common stock. These are owned through American Depositary Shares representing Certificados de Participacion Ordinarios, which in turn represent the economic interest in Series A shares.

What type of security did Donovan William Dean sell in this VLRS Form 4 filing?

He sold Series A shares of common stock held through American Depositary Shares (ADSs). Each ADS represents ten Certificados de Participacion Ordinarios, and each of those certificates represents the economic interest in one Series A share of common stock of VLRS.

Was the VLRS insider transaction a buy or sell and how is it classified?

The transaction is classified as a sell, specifically an open-market sale. The Form 4 uses transaction code "S" and describes it as a sale in open-market or private transactions, indicating a disposition of shares rather than an acquisition or option exercise.

Does the VLRS filing mention how the ADS sale prices were calculated?

Yes. The filing explains that the reported $7.33 price is a weighted average per ADS. The ADSs were actually sold in multiple trades at prices from $7.32 to $7.34, with detailed trade information available upon request to the issuer or the SEC.

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

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Accepted by SEC EDGAR 05/14/2026 - 04:19 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Donovan William Dean

(Last) (First) (Middle)

AV. ANTONIO DOVALI JAIME 70, TOWER B, 13

FLOOR, COLONIA ZEDEC SANTA FE

(Street)

MEXICO CITY 01210

(City) (State) (Zip)

MEXICO

(Country)

2. Issuer Name and Ticker or Trading Symbol
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. [ VLRS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol
[VOLAR]

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Series A shares of common stock	05/12/2026		S		50,000(1)	D	$7.33(2)	3,046,050(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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

2. The price reported in column 4 is a weighted average price per ADS sold. The ADSs were sold in multiple transactions at prices ranging from $7.32 to $7.34. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

	/s/ Isela Cervantes Rodriguez, as Attorney-in-Fact, for William D. Donovan	05/14/2026
	** 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 4 (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 4: SEC 1474 (03-26)