Controladora Vuela director exercises RSUs into 229K shares

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. director Yanez Ricardo Maldonado reported compensation-related equity activity.

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.

Insider Trade Summary

229,034 shares exercised/converted

Exercise 5 txns

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 contracts (Direct); Restricted Securities Units (BoDIP) — 56,811 contracts (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.

Key Figures

Shares acquired via RSU exercise: 229,034 shares Direct holdings after transactions: 405,712 shares RSUs exercised (BoDIP): 106,461 units +3 more

6 metrics

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

Key Terms

Restricted Securities Units, BoDIP, Series A shares of common stock, grant, award, or other acquisition, +1 more

5 terms

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."

FAQ

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

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.

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

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Accepted by SEC EDGAR 04/28/2026 - 04:15 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^*

Yanez Ricardo Maldonado

(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. 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

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

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	04/28/2026		M(1)		229,034	A	(2)	405,712	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
Restricted Securities Units (Annual Fee)	(2)	04/24/2026		A		65,370		(3)	(3)	Series A shares of common stock	65,370	$0.00	65,370	D
Restricted Securities Units (BoDIP)	(2)	04/24/2026		A		56,811		(3)	(3)	Series A shares of common stock	56,811	$0.00	56,811	D
Restricted Securities Units (Annual Fee)	(2)	04/28/2026		M			122,573	(1)	(1)	Series A shares of common stock	122,573	$0.00	0	D
Restricted Securities Units (BoDIP)	(2)	04/28/2026		M			106,461	(1)	(1)	Series A shares of common stock	106,461	$0.00	0	D

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 Yanez	04/28/2026
	** 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)