VLRS (VLRS) director Donovan Dean sells 50,000 shares in open market

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion director Donovan William Dean sold shares in the company. On May 28, 2026, he executed an open-market sale of 50,000 Series A shares of common stock at $7.67 per share.

Following the transaction, he directly owned 2,946,050 Series A shares. The position is held through American Depositary Shares, where each ADS represents ten CPOs and each CPO reflects the economic interest in one Series A share of common stock.

Insider Trade Summary

Net Seller: 50,000 shares ($383,500)

Net Sell 1 txn

Insider Donovan William Dean

Role null

Sold 50,000 shs ($384K)

Type	Security	Shares	Price	Value
Sale	Series A shares of common stock	50,000	$7.67	$384K

Holdings After Transaction: Series A shares of common stock — 2,946,050 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 50,000 shares Sale price: $7.67 per share Shares held after: 2,946,050 shares +2 more

5 metrics

Shares sold 50,000 shares Series A common stock sold on May 28, 2026

Sale price $7.67 per share Open-market sale price on May 28, 2026

Shares held after 2,946,050 shares Directly owned Series A shares following transaction

ADS to CPO ratio 1 ADS : 10 CPOs Each ADS represents ten CPOs

CPO to share ratio 1 CPO : 1 Series A share Each CPO reflects economic interest in one share

Key Terms

open-market sale, American Depositary Shares ("ADSs"), Certificados de Participacion Ordinarios (CPOs), Series A shares of common stock

4 terms

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.

American Depositary Shares ("ADSs") financial

"Shares owned through American Depositary Shares ("ADSs"). Each ADS representing ten (10)"

American Depositary Shares (ADSs) are U.S.-listed certificates issued by a bank that represent ownership of a specified number of a foreign company’s ordinary shares, letting U.S. investors buy and sell those interests in U.S. dollars on American markets. They matter because they make investing in overseas companies as easy as buying a domestic stock—streamlining currency, settlement, and recordkeeping—while still exposing investors to foreign-market risks like exchange rates and local regulations.

Certificados de Participacion Ordinarios (CPOs) financial

"Each ADS representing ten (10) Certificados de Participacion Ordinarios (CPOs)."

Series A shares of common stock financial

"security_title: Series A shares of common stock"

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Form 4 Insider Transactions: What Each Field Means →

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)
05/28/2026

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	05/28/2026		S		50,000(1)	D	$7.67	2,946,050(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.

	/s/ Isela Cervantes Rodriguez, as Attorney-in-Fact, for William D. Donovan	06/01/2026
	** 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)

FAQ

What insider transaction did VLRS director Donovan William Dean report?

Donovan William Dean reported an open-market sale of 50,000 Series A shares of Controladora Vuela at $7.67 per share. The transaction occurred on May 28, 2026 and reflects a routine disposition of a relatively small portion of his overall holdings.

How many VLRS shares did Donovan William Dean retain after the sale?

After selling 50,000 Series A shares, Donovan William Dean directly held 2,946,050 Series A shares of Controladora Vuela. These holdings, maintained through American Depositary Shares, indicate he continues to own a substantial stake in the company following the reported transaction.

At what price were the VLRS shares sold in the reported Form 4 transaction?

The 50,000 Series A shares of Controladora Vuela reported in the Form 4 were sold at $7.67 per share. This price reflects the sale value in the open market transaction completed on May 28, 2026, as disclosed in the insider filing.

How are VLRS shares held in this insider filing (ADS and CPO structure)?

The shares are owned through American Depositary Shares, or ADSs. Each ADS represents ten Certificados de Participacion Ordinarios (CPOs), and each CPO represents the economic interest in one Series A share of common stock of Controladora Vuela.

Does the VLRS Form 4 involve derivative securities or only common shares?

The Form 4 transaction involves only non-derivative securities, specifically Series A shares of common stock held through ADSs. The derivativeSummary section is empty, indicating no options, warrants, or other derivative positions were reported in this particular insider filing.