Vuela (VLRS) CEO Enrique Beltranena Exercises RSUs

What Happened

• Enrique Javier Beltranena Mejicano, President & CEO and a director of Controladora Vuela (VLRS), reported the vesting/conversion of 98,405 restricted stock units (RSUs) on April 28, 2026 and a separate grant of 52,531 RSUs on April 24, 2026.
• The April 28 event is reported as an exercise/conversion of a derivative (code M): 98,405 RSUs converted into shares (acquired) and an equal number (98,405) were reported as disposed on the same date at $0.00 (derivative). The April 24 event is a grant/award (code A) of 52,531 RSUs at $0.00 (derivative). No cash amounts were reported in the filing.

Key Details

• Transaction dates and types: Apr 24, 2026 — Grant of 52,531 RSUs (A); Apr 28, 2026 — Conversion/vesting of 98,405 RSUs (M) with an apparent simultaneous disposition of 98,405 shares (M).
• Prices/values reported: $0.00 for the award and for the disposed shares; acquisition entry lists N/A for price. No dollar sales proceeds reported.
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Footnotes: F1 — RSUs granted Apr 28, 2025 vest Apr 28, 2026 (no expiration). F2 — Each RSU equals the contingent right to one Series A common share. F3 — RSUs granted Apr 24, 2026 vest Apr 24, 2027 (no expiration).
• Timeliness: Filing dated Apr 28, 2026; transactions occurred Apr 24 and Apr 28, 2026. The filing appears timely (reported within required Form 4 timeframe).

Context

• These are RSU vesting/conversion and grant events, not open-market purchases or sales driven by trading—the Apr 28 conversion appears to have been net-settled or otherwise withheld (shares converted then disposed at $0), a common practice to cover tax withholding or settle obligations rather than a market sale.
• The Apr 24 entry is a newly granted RSU award that vests next year (Apr 24, 2027) and does not reflect an immediate change in market exposure.
• Such awards and net settlements are routine insider compensation actions and should not be interpreted as a direct market buy/sell signal.