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Director at Controladora Vuela (NYSE: VLRS) exercises 229K shares and gets new RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. director Yanez Ricardo Maldonado reported compensation-related equity activity. On April 28, 2026, he exercised previously granted restricted securities units, receiving 229,034 Series A shares of common stock, bringing his direct holdings to 405,712 shares. The exercised RSUs were originally granted on April 28, 2025 and vested on April 28, 2026. On April 24, 2026, he also received new awards of 56,811 and 65,370 restricted securities units tied to Series A shares as part of BoDIP and annual fee programs. The filing shows no open‑market purchases or sales, only grants and exercises of stock-based compensation.

Positive

  • None.

Negative

  • None.
Insider Yanez Ricardo Maldonado
Role Director
Type Security Shares Price Value
Exercise Restricted Securities Units (Annual Fee) 122,573 $0.00 $0.00
Exercise Restricted Securities Units (BoDIP) 106,461 $0.00 $0.00
Exercise Series A shares of common stock 229,034 $0.00 $0.00
Grant/Award Restricted Securities Units (Annual Fee) 65,370 $0.00 $0.00
Grant/Award Restricted Securities Units (BoDIP) 56,811 $0.00 $0.00
Holdings After Transaction: Restricted Securities Units (Annual Fee) — 65,370 shares (Direct); Restricted Securities Units (BoDIP) — 56,811 shares (Direct); Series A shares of common stock — 405,712 shares (Direct)
Footnotes (3)
  1. F1. The Restricted Securities Units ("RSUs") were granted on April 28, 2025 and vest on April 28, 2026. The RSUs have no expiration date.
  2. F2. Each RSU represents a contingent right to receive on Series A share of common stock.
  3. F3. The RSUs were granted on April 24, 2026 and will vest on April 24, 2027. The RSUs have no expiration date.
Shares acquired via RSU exercise 229,034 shares Series A shares received on April 28, 2026
Direct holdings after transactions 405,712 shares Series A shares held following April 28, 2026 exercise
RSUs exercised (BoDIP) 106,461 units Restricted Securities Units (BoDIP) converted into Series A shares
RSUs exercised (Annual Fee) 122,573 units Restricted Securities Units (Annual Fee) converted into Series A shares
New RSU grant (BoDIP) 56,811 units Restricted Securities Units granted April 24, 2026 under BoDIP
New RSU grant (Annual Fee) 65,370 units Restricted Securities Units granted April 24, 2026 as annual fee
Restricted Securities Units financial
"The Restricted Securities Units ("RSUs") were granted on April 28, 2025 and vest on April 28, 2026."
BoDIP financial
"Restricted Securities Units ("RSUs") (BoDIP) and related Series A shares of common stock."
Series A shares of common stock financial
"Each RSU represents a contingent right to receive on Series A share of common stock."
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition" for April 24, 2026 RSU entries."
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for April 28, 2026 transactions."

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FAQ

What insider transactions did VLRS director Yanez Ricardo Maldonado report?
He reported equity compensation activity, not open-market trades. On April 28, 2026 he exercised restricted securities units into 229,034 Series A shares and on April 24, 2026 he received new RSU awards under BoDIP and annual fee programs.

Did the VLRS insider buy or sell Controladora Vuela shares on the market?
No open-market purchases or sales were reported. All Form 4 entries reflect the exercise of previously granted restricted securities units and new RSU grants, which are compensation-related rather than discretionary market trades in the company’s stock.

How many Controladora Vuela shares does the director hold after these transactions?
He directly holds 405,712 Series A shares after the transactions. This post-transaction balance reflects the April 28, 2026 exercise of 229,034 shares from vested restricted securities units, with no reported sales reducing his ownership position.

What restricted securities units did the VLRS director exercise on April 28, 2026?
He exercised RSUs covering 229,034 underlying Series A shares. These units were granted on April 28, 2025 and vested on April 28, 2026, then converted into common shares at a stated conversion price of $0.00 per share in the Form 4 data.

What new RSU awards did VLRS grant to the director on April 24, 2026?
He received two new RSU grants on April 24, 2026. One BoDIP grant covered 56,811 units and an annual fee grant covered 65,370 units, each representing a contingent right to receive one Series A share upon future vesting.
SEC Form 4
FORM 4UNITED 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*
Yanez Ricardo Maldonado
(Last)(First)(Middle)
AV. ANTONIO DOVALI JAIME NO. 70
13 FL, TWR B, COLONIA ZEDEC SANTA FE
(Street)
MEXICO CITY01210
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Series A shares of common stock04/28/2026M(1)229,034A(2)405,712D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Securities Units (Annual Fee)(2)04/24/2026A65,370 (3) (3)Series A shares of common stock65,370$0.0065,370D
Restricted Securities Units (BoDIP)(2)04/24/2026A56,811 (3) (3)Series A shares of common stock56,811$0.0056,811D
Restricted Securities Units (Annual Fee)(2)04/28/2026M122,573 (1) (1)Series A shares of common stock122,573$0.000D
Restricted Securities Units (BoDIP)(2)04/28/2026M106,461 (1) (1)Series A shares of common stock106,461$0.000D
Explanation of Responses:
1. The Restricted Securities Units ("RSUs") were granted on April 28, 2025 and vest on April 28, 2026. The RSUs have no expiration date.
2. Each RSU represents a contingent right to receive on Series A share of common stock.
3. The RSUs were granted on April 24, 2026 and will vest on April 24, 2027. The RSUs have no expiration date.
/s/ Isela Cervantes Rodriguez, as Attorney-in-Fact, for Ricardo Maldonado Yanez04/28/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR