Director at Controladora Vuela (NYSE: VLRS) exercises RSUs into shares

Q: What are the key dates and amounts in this VLRS Form 4 filing?

Two main dates appear: April 24 and April 28, 2026. On April 24, 29,630 RSUs were granted. On April 28, 55,780 RSUs were exercised into 55,780 Series A shares, leaving the director with 97,700 Series A shares directly owned afterward.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. director Andrew S. Broderick reported compensation-related equity activity. On April 24, 2026 he received 29,630 Restricted Securities Units (RSUs) that each represent a right to one Series A share of common stock and have no expiration date.

On April 28, 2026 he exercised 55,780 RSUs, acquiring the same number of Series A shares at a reported price of $0.00 per share, converting these derivative awards into common stock rather than making an open‑market purchase. Following this exercise, he directly owns 97,700 Series A shares. Footnotes note that shares are held through American Depositary Shares, with each ADS ultimately representing the economic interest in one Series A share.

Insider Trade Summary

55,780 shares exercised/converted

Mixed 3 txns

Insider Broderick Andrew S.

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Securities Units (Annual Fee)	55,780	$0.00	--
Exercise	Series A shares of common stock	55,780	$0.00	--
Grant/Award	Restricted Securities Units (Annual Fee)	29,630	$0.00	--

Holdings After Transaction: Restricted Securities Units (Annual Fee) — 0 shares (Direct, null); Series A shares of common stock — 97,700 shares (Direct, null)

Footnotes (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. 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.

Key Figures

RSUs granted: 29,630 units RSUs exercised: 55,780 units Exercise price: $0.00 per share +3 more

6 metrics

RSUs granted 29,630 units Restricted Securities Units granted on April 24, 2026

RSUs exercised 55,780 units RSUs exercised into Series A shares on April 28, 2026

Exercise price $0.00 per share Reported transaction price for RSU exercise on April 28, 2026

Shares owned after 97,700 shares Total Series A shares directly owned following April 28, 2026 exercise

ADS to CPO ratio 1 ADS : 10 CPOs Each ADS represents ten Certificados de Participacion Ordinarios

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

Key Terms

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

5 terms

Restricted Securities Units financial

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

American Depositary Shares ("ADSs") financial

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

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"

Series A shares of common stock financial

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

Exercise or conversion of derivative security financial

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

Form 4 Insider Transactions: What Each Field Means →

04/28/2026 - 04:33 PM

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^*

Broderick Andrew S.

(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)
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series A shares of common stock	04/28/2026		M⁽¹⁾		55,780⁽²⁾	A	⁽³⁾	97,700⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Securities Units (Annual Fee)	⁽³⁾	04/24/2026		A		29,630		⁽⁴⁾	⁽⁴⁾	Series A shares of common stock	29,630	$0	29,630	D
Restricted Securities Units (Annual Fee)	⁽³⁾	04/28/2026		M			55,780	⁽¹⁾	⁽¹⁾	Series A shares of common stock	55,780	$0	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.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Isela Cervantes Rodriguez, as Attorney-in-Fact, for Andrew S. Broderick	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did VLRS director Andrew S. Broderick report?

Andrew S. Broderick reported equity compensation activity, not open‑market trading. He received 29,630 Restricted Securities Units on April 24, 2026, then exercised 55,780 RSUs on April 28, 2026, acquiring the same number of Series A shares at a reported price of $0.00 per share.

How many VLRS shares does the director hold after these Form 4 transactions?

After the April 28, 2026 exercise, he directly holds 97,700 Series A shares. These shares resulted from converting previously granted Restricted Securities Units into common stock and are held through structures that include American Depositary Shares representing underlying Series A shares.

Were the VLRS insider transactions open‑market buys or sales?

The reported VLRS insider transactions were derivative grants and exercises, not market purchases or sales. Code M entries show exercise or conversion of RSUs, while a code A entry reflects a grant of 29,630 RSUs as compensation, all at a stated price of $0.00 per unit.

What are the key dates and amounts in this VLRS Form 4 filing?

Two main dates appear: April 24 and April 28, 2026. On April 24, 29,630 RSUs were granted. On April 28, 55,780 RSUs were exercised into 55,780 Series A shares, leaving the director with 97,700 Series A shares directly owned afterward.

How do American Depositary Shares relate to VLRS Series A shares here?

The filing notes shares are owned through American Depositary Shares (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, linking ADSs to the underlying VLRS equity.