Volaris CEO exercises 98,405 RSUs into shares

Accepted by SEC EDGAR 04/28/2026 - 04:00 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion (Volaris) President and CEO Enrique Javier Beltranena Mejicano exercised 98,405 Restricted Securities Units into the same number of Series A common shares on April 28, 2026, bringing his direct holdings to 13,965,052 shares.

The RSUs exercised were previously granted on April 28, 2025 and vested on April 28, 2026. In a separate transaction on April 24, 2026, he also received a new grant of 52,531 RSUs that will vest on April 24, 2027. These compensation-related moves increase his equity exposure and do not involve any reported share sales.

Insider Trade Summary

98,405 shares exercised/converted

Exercise 3 txns

Insider Beltranena Mejicano Enrique Javier

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Securities Units (Annual Fee)	98,405	$0.00	$0.00
Exercise	Series A shares of common stock	98,405	$0.00	$0.00
Grant/Award	Restricted Securities Units (Annual Fee)	52,531	$0.00	$0.00

Holdings After Transaction: Restricted Securities Units (Annual Fee) — 52,531 units (Direct); Series A shares of common stock — 13,965,052 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

RSUs exercised: 98,405 shares Shares held after transaction: 13,965,052 shares New RSU grant: 52,531 RSUs +3 more

6 metrics

RSUs exercised 98,405 shares Converted into Series A common stock on April 28, 2026

Shares held after transaction 13,965,052 shares Direct Series A common stock holdings after April 28, 2026 exercise

New RSU grant 52,531 RSUs Restricted Securities Units granted on April 24, 2026

First RSU grant date April 28, 2025 RSUs later vested and were exercised on April 28, 2026

First RSU vesting date April 28, 2026 Vesting date for RSUs converted into 98,405 Series A shares

Second RSU vesting date April 24, 2027 Scheduled vesting date for 52,531 newly granted RSUs

Key Terms

Restricted Securities Units ("RSUs"), Series A shares of common stock, Grant, award, or other acquisition, Exercise or conversion of derivative security, +1 more

5 terms

Restricted Securities Units ("RSUs") 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."

Grant, award, or other acquisition financial

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

Exercise or conversion of derivative security financial

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

vest financial

"and vest on April 28, 2026. The RSUs have no expiration date."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

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

What insider transactions did VLRS CEO Enrique Beltranena report?

Volaris CEO Enrique Beltranena exercised 98,405 Restricted Securities Units into the same number of Series A common shares and received a new grant of 52,531 RSUs. These are compensation-related equity acquisitions with no share sales reported in this disclosure.

How many VLRS shares does the CEO hold after these transactions?

After exercising 98,405 RSUs into Series A common stock, the CEO directly holds 13,965,052 shares. This figure reflects his updated ownership position following the April 28, 2026 transaction and highlights a substantial ongoing equity stake in Volaris.

What are the key dates for the VLRS CEO’s RSU grants and vesting?

One RSU grant was made on April 28, 2025 and vested on April 28, 2026, leading to the 98,405-share conversion. Another RSU grant occurred on April 24, 2026 and will vest on April 24, 2027, continuing his compensation-based equity accumulation.

Did the VLRS CEO sell any shares in these reported transactions?

No share sales are reported here. The CEO exercised 98,405 RSUs into common shares and received a new 52,531-RSU grant. All disclosed movements are equity acquisitions or conversions related to compensation, with no open-market or other dispositions indicated.

What type of securities did the VLRS CEO exercise and receive?

The CEO exercised Restricted Securities Units into 98,405 Series A shares of common stock and received an additional 52,531 RSUs. Each RSU provides a contingent right to receive one Series A share, aligning his compensation directly with Volaris’s equity performance.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Beltranena Mejicano Enrique Javier

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

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)		98,405	A	(2)	13,965,052	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		52,531		(3)	(3)	Series A shares of common stock	52,531	$0.00	52,531	D
Restricted Securities Units (Annual Fee)	(2)	04/28/2026		M			98,405	(1)	(1)	Series A shares of common stock	98,405	$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 Enrique J. Beltranena Mejicano	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)