VLRS director exercises RSUs, adds 120,850 shares

Controladora Vuela Compania de Aviacion director Stan L. Pace reported compensation-related equity activity.

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion director Stan L. Pace reported compensation-related equity activity. He exercised 120,850 Series A shares of common stock from previously granted restricted securities units on April 28, 2026, increasing his direct holdings to 349,240 shares.

On April 24, 2026, he also received new equity awards of 64,200 Restricted Securities Units (BoDIP) and 59,260 Restricted Securities Units (Annual Fee), each convertible into Series A shares. These RSUs were granted at no cash cost and represent director compensation rather than open-market purchases or sales.

Insider Trade Summary

120,850 shares exercised/converted

Exercise 4 txns

Insider Pace Stan L

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Securities Units (BoDIP)	120,850	$0.00	$0.00
Exercise	Series A shares of common stock	120,850	$0.00	$0.00
Grant/Award	Restricted Securities Units (Annual Fee)	59,260	$0.00	$0.00
Grant/Award	Restricted Securities Units (BoDIP)	64,200	$0.00	$0.00

Holdings After Transaction: Restricted Securities Units (Annual Fee) — 59,260 contracts (Direct); Restricted Securities Units (BoDIP) — 64,200 contracts (Direct); Series A shares of common stock — 349,240 shares (Direct)

Footnotes (4)

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. 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.
3. F3. Each RSU represents a contingent right to receive on Series A share of common stock.
4. F4. 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 into shares: 120,850 shares RSU grant (BoDIP): 64,200 units RSU grant (Annual Fee): 59,260 units +3 more

6 metrics

RSUs exercised into shares 120,850 shares Series A shares acquired on April 28, 2026 via derivative exercise

RSU grant (BoDIP) 64,200 units Restricted Securities Units (BoDIP) granted on April 24, 2026

RSU grant (Annual Fee) 59,260 units Restricted Securities Units (Annual Fee) granted on April 24, 2026

Shares held after transactions 349,240 shares Total direct Series A common shares following April 28, 2026 exercise

Exercise price per share $0.00/share Price for exercising 120,850 restricted securities units into Series A shares

New RSUs outstanding 123,460 units Sum of BoDIP and Annual Fee RSU grants on April 24, 2026

Key Terms

Restricted Securities Units ("RSUs"), American Depositary Shares ("ADSs"), Certificados de Participacion Ordinarios (CPOs), Series A shares of common stock, +1 more

5 terms

Restricted Securities Units ("RSUs") financial

"The Restricted Securities Units ("RSUs") were granted on April 28, 2025 and vest on April 28, 2026."

American Depositary Shares ("ADSs") financial

"Shares owned through American Depositary Shares ("ADSs"). Each ADS representing ten (10) Certificados de Participacion Ordinarios (CPOs)."

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). Each CPO representing the economic interest in one (1) share of Series A shares."

Series A shares of common stock financial

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

Board of Directors Incentive Plan (BoDIP) financial

"Restricted Securities Units (BoDIP)"

FAQ

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

What did Stan L. Pace report in this VLRS Form 4 filing?

Stan L. Pace reported exercising 120,850 restricted securities units into Series A common shares and receiving two new RSU grants totaling 123,460 units as director compensation, all at a price of $0.00 per unit or share.

Did the VLRS director buy or sell shares on the open market?

He did not report any open-market buys or sells. Instead, he exercised 120,850 previously awarded restricted units into shares and received new RSU grants as part of his director compensation package, all recorded at a zero exercise and grant price.

How many Controladora Vuela (VLRS) shares does Stan L. Pace hold after these transactions?

After exercising restricted securities units, Stan L. Pace directly holds 349,240 Series A shares of common stock. This figure reflects his position following the April 28, 2026 conversion of 120,850 RSUs into common shares reported in the filing.

What new Restricted Securities Units did the VLRS director receive?

On April 24, 2026, he received 64,200 Restricted Securities Units (BoDIP) and 59,260 Restricted Securities Units (Annual Fee). Each RSU represents a contingent right to receive one Series A common share at no cash exercise price, subject to vesting conditions.

How do American Depositary Shares (ADSs) relate to VLRS Series A shares?

The filing notes that shares can be held through American Depositary Shares, where each ADS represents ten Certificados de Participacion Ordinarios. Each CPO corresponds to the economic interest in one Series A share, creating an indirect structure for holding the underlying equity.

Are there any restricted securities units remaining after the VLRS Form 4 exercise?

The specific RSU block exercised into 120,850 shares was fully converted, leaving zero units in that series. Separate grants reported on April 24, 2026, totaling 123,460 RSUs, remain outstanding and represent future rights to receive Series A common shares.

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

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Accepted by SEC EDGAR 04/28/2026 - 04:18 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
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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^*

Pace Stan L

(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)		120,850(2)	A	(3)	349,240(2)	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)	(3)	04/24/2026		A		59,260		(4)	(4)	Series A shares of common stock	59,260	$0.00	59,260	D
Restricted Securities Units (BoDIP)	(3)	04/24/2026		A		64,200		(4)	(4)	Series A shares of common stock	64,200	$0.00	64,200	D
Restricted Securities Units (BoDIP)	(3)	04/28/2026		M			120,850	(1)	(1)	Series A shares of common stock	120,850	$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. 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.

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

4. 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 Stanley L. Pace	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)