VLRS director exercises 253K shares, gets new RSUs

Controladora Vuela Compania de Aviacion (VLRS) director Jose Luis Fernandez Fernandez reported compensation-related equity moves.

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion (VLRS) director Jose Luis Fernandez Fernandez reported compensation-related equity moves. On April 28, 2026, he exercised derivative awards to acquire 253,203 Series A shares of common stock at a stated price of $0.00 per share, bringing his direct holdings to 446,927 shares. These exercises reflect the conversion of previously granted Restricted Securities Units (RSUs), each representing the right to receive one Series A share.

Earlier, on April 24, 2026, he received new RSU grants as part of board compensation, including 56,811 RSUs under a BoDIP program and 78,208 RSUs linked to an annual fee. The footnotes state these RSUs have no expiration date and vest on specific future dates, and there were no open‑market purchases or sales in this filing.

Insider Trade Summary

253,203 shares exercised/converted

Exercise 5 txns

Insider Fernandez Fernandez Jose Luis

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Securities Units (Annual Fee)	146,742	$0.00	$0.00
Exercise	Restricted Securities Units (BoDIP)	106,461	$0.00	$0.00
Exercise	Series A shares of common stock	253,203	$0.00	$0.00
Grant/Award	Restricted Securities Units (Annual Fee)	78,208	$0.00	$0.00
Grant/Award	Restricted Securities Units (BoDIP)	56,811	$0.00	$0.00

Holdings After Transaction: Restricted Securities Units (Annual Fee) — 78,208 contracts (Direct); Restricted Securities Units (BoDIP) — 56,811 contracts (Direct); Series A shares of common stock — 446,927 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 exercise: 253,203 shares Shares held after transactions: 446,927 shares BoDIP RSU grant: 56,811 units +3 more

6 metrics

Shares acquired via exercise 253,203 shares Series A common stock acquired on April 28, 2026 through derivative exercises

Shares held after transactions 446,927 shares Direct Series A share holdings after April 28, 2026 exercises

BoDIP RSU grant 56,811 units Restricted Securities Units (BoDIP) granted on April 24, 2026

Annual fee RSU grant 78,208 units Restricted Securities Units (Annual Fee) granted on April 24, 2026

Derivative exercises count 2 exercises Exercise or conversion of derivative securities in this Form 4

Total shares from exercises 253,203 shares ExerciseShares in transactionSummary for derivative exercises

Key Terms

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

5 terms

Restricted Securities Units financial

"The Restricted Securities Units ("RSUs") were granted on April 28, 2025"

Series A shares of common stock financial

"Each RSU represents a contingent right to receive on Series A share of common stock."

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

total_shares_following_transaction financial

""total_shares_following_transaction": "446927.0000""

FAQ

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

What insider transactions did VLRS director Jose Luis Fernandez report?

He reported exercising derivative awards into 253,203 Series A shares and receiving new RSU grants. All actions were compensation-related, with no open-market buying or selling disclosed in this Form 4 filing.

How many VLRS shares does Jose Luis Fernandez hold after these transactions?

After exercising derivative awards, Jose Luis Fernandez directly holds 446,927 Series A shares. This figure reflects his position following the April 28, 2026 equity conversions reported in the Form 4.

What RSU grants did Jose Luis Fernandez receive from VLRS in April 2026?

On April 24, 2026, he received 56,811 Restricted Securities Units under a BoDIP program and 78,208 RSUs tied to an annual fee. Each RSU represents a contingent right to receive one Series A share of common stock.

When do the VLRS RSUs reported by Jose Luis Fernandez vest?

Footnotes state one RSU grant was made on April 28, 2025 and vests on April 28, 2026. Another grant on April 24, 2026 will vest on April 24, 2027. Both grants have no expiration date.

Did the VLRS Form 4 show any open-market share sales by Jose Luis Fernandez?

No, the filing reports only derivative exercises and RSU grants. The transactions are classified as exercises or grants with a stated price of $0.00 per share, not as open-market purchases or sales.

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

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Accepted by SEC EDGAR 04/28/2026 - 04:08 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^*

Fernandez Fernandez Jose Luis

(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)		253,203	A	(2)	446,927	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		78,208		(3)	(3)	Series A shares of common stock	78,208	$0.00	78,208	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			146,742	(1)	(1)	Series A shares of common stock	146,742	$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 Jose L. Fernandez Fernandez	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)