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Controladora Vuela (NYSE: VLRS) director exercises RSUs and corrects share count

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. director John Slowik exercised 120,850 Restricted Securities Units (BoDIP) into Series A shares of common stock, bringing his direct holdings to 312,710 Series A shares. He also received a new grant of 64,200 RSUs that vest on April 24, 2027. In addition, this filing corrects his prior Form 3, which had mistakenly reported American Depositary Shares instead of the equivalent number of Series A shares based on 10 CPOs per ADS.

Positive

  • None.

Negative

  • None.
Insider Slowik John
Role null
Type Security Shares Price Value
Exercise Restricted Securities Units (BoDIP) 120,850 $0.00 --
Exercise Series A shares of common stock 120,850 $0.00 --
Grant/Award Restricted Securities Units (BoDIP) 64,200 $0.00 --
Holdings After Transaction: Restricted Securities Units (BoDIP) — 0 shares (Direct, null); Series A shares of common stock — 312,710 shares (Direct, null)
Footnotes (1)
  1. The Restricted Securities Units ("RSUs") were granted on April 28, 2025 and vest on April 28, 2026. The RSUs have no expiration date. 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. The Reporting Person's Initial Statement of Beneficial Ownership of Securities on Form 3 filed with the SEC on March 18, 2026, inadvertently reported the number of ADSs in place of the number of Series A shares of common stock. This filing corrects that figure by applying the ratio of ten (10) Certificados de Participacion Ordinarios (CPOs) per ADS. Each CPO representing the economic interest in one (1) share of Series A shares of common stock. Each RSU represents a contingent right to receive on Series A share of common stock. The RSUs were granted on April 24, 2026 and will vest on April 24, 2027. The RSUs have no expiration date.
RSUs exercised 120,850 units Converted into Series A shares on April 28, 2026
Shares held after exercise 312,710 shares Director’s direct Series A holdings following transactions
New RSU grant 64,200 units Restricted Securities Units granted on April 24, 2026
RSU vesting date (new grant) April 24, 2027 Vesting date for 64,200 RSUs
ADS to CPO ratio 10 CPOs per ADS Each CPO tied to economic interest in one Series A share
Restricted Securities Units ("RSUs") financial
"The Restricted Securities Units ("RSUs") were granted on April 28, 2025 and vest"
American Depositary Shares ("ADSs") financial
"Shares owned through American Depositary Shares ("ADSs"). Each ADS representing ten"
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)."
Initial Statement of Beneficial Ownership of Securities regulatory
"The Reporting Person's Initial Statement of Beneficial Ownership of Securities on Form 3"
Series A shares of common stock financial
"Each CPO representing the economic interest in one (1) share of Series A shares of common stock."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Slowik John
(Last)(First)(Middle)
AV. ANTONIO DOVALI JAIME NO. 70
13 FL, TWR B, COLONIA ZEDEC SANTA FE
(Street)
MEXICO CITY01210
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Series A shares of common stock04/28/2026M(1)120,850(2)A(4)312,710(2)(3)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Securities Units (BoDIP)(4)04/24/2026A64,200 (5) (5)Series A shares of common stock64,200$0.0064,200D
Restricted Securities Units (BoDIP)(4)04/28/2026M120,850 (1) (1)Series A shares of common stock120,850$0.000D
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. The Reporting Person's Initial Statement of Beneficial Ownership of Securities on Form 3 filed with the SEC on March 18, 2026, inadvertently reported the number of ADSs in place of the number of Series A shares of common stock. This filing corrects that figure by applying the ratio of ten (10) Certificados de Participacion Ordinarios (CPOs) per ADS. Each CPO representing the economic interest in one (1) share of Series A shares of common stock.
4. Each RSU represents a contingent right to receive on Series A share of common stock.
5. 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 John Slowik04/28/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did VLRS director John Slowik report?

John Slowik exercised 120,850 Restricted Securities Units into Series A common shares and received a new grant of 64,200 RSUs. After these transactions, he directly holds 312,710 Series A shares, according to the filing’s disclosed ownership figures.

How many Controladora Vuela (VLRS) shares does John Slowik now hold?

After exercising Restricted Securities Units, John Slowik directly owns 312,710 Series A shares of common stock. These holdings reflect the conversion of 120,850 RSUs into shares, as detailed in the filing’s post-transaction ownership disclosure.

What new equity award did John Slowik receive from VLRS?

John Slowik received a grant of 64,200 Restricted Securities Units (BoDIP), each representing a contingent right to one Series A share. These RSUs were granted on April 24, 2026 and are scheduled to vest on April 24, 2027, with no expiration date.

Did the VLRS Form 4 include a correction to John Slowik’s prior holdings?

Yes. The filing states his earlier Form 3 mistakenly reported American Depositary Shares instead of Series A shares. This report corrects the figure by applying the 10 CPOs per ADS ratio, with each CPO representing the economic interest in one Series A share.

How do John Slowik’s VLRS RSUs convert into common stock?

Each Restricted Securities Unit described in the filing represents a contingent right to receive one Series A share of common stock. When RSUs vest and are exercised, they convert into the underlying Series A shares, as shown by the 120,850-unit exercise.

What is the relationship between VLRS ADSs, CPOs, and Series A shares?

The filing explains that each American Depositary Share represents ten Certificados de Participacion Ordinarios (CPOs), and each CPO represents the economic interest in one Series A share of common stock. This ratio underlies the correction to John Slowik’s previously reported holdings.