Mariano Ricardo Luiz Temer 4

What Happened
Mariano Ricardo Luiz Temer, listed as AZUL's Controller, was granted 98,086 restricted shares on 2026-06-15 under the issuer's Restricted Shares Granting Plan (transaction code A). The shares were awarded at $0.00 per share (no cash paid at grant). This is an equity award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (appears timely within the SEC's 2-business-day filing requirement).
• Awarded: 98,086 restricted shares; price reported: $0.00 (total reported value $0 at grant).
• Shares owned after transaction: not specified in this Form 4.
• Footnote F1: Restricted shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, subject to continued service.
• Footnote F2: If the company lacks sufficient treasury shares at vesting, the reporting person would subscribe for the vested shares for a nominal R$1.00 for all shares subject to vesting.

Context
Restricted share awards vest over time and are different from immediate purchases or sales — they become owned (and typically transferable) only if vesting conditions are met. This grant is a compensation/retention award to a controlling shareholder and does not by itself indicate a buy or sell signal in the market.