Palomo Deneke Joaquin Alberto 4

4 · Controladora Vuela Compania de Aviacion, S.A.B. de C.V. · Filed Apr 28, 2026

AI-generated summary of this filing

Updated Apr 28, 2026

Vuela (VLRS) Director Joaquin Palomo Deneke Exercises RSUs and Sells Shares

What Happened

Joaquin Alberto Palomo Deneke, a director of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS), had RSUs vest/convert and were then disposed on April 28, 2026. The filing shows an exercise/conversion of 120,850 derivative units (RSUs) on 2026-04-28 that were also reported as disposed on the same date. Separately, he was granted 64,200 RSUs on 2026-04-24 (recorded as an award at $0.00). The filing lists $0.00 for the reported prices/proceeds on these derivative transactions (no cash value reported in the Form 4).

Key Details

Transactions:
- 2026-04-24: Award/Grant (A) — 64,200 RSUs granted @ $0.00 (per filing; these RSUs vest on 2027-04-24; see footnote F4).
- 2026-04-28: Exercise/Conversion (M) — 120,850 RSUs converted to shares (price N/A in one line, $0.00 in another line).
- 2026-04-28: Exercise/Conversion (M) — same 120,850 shares recorded as disposed on 2026-04-28 (price $0.00; proceeds not specified).
Shares owned after the transaction: Not specified in the provided filing excerpt.
Notable footnotes:
- F1: RSUs granted 2025-04-28 vested on 2026-04-28 (no expiration).
- F4: RSUs granted 2026-04-24 vest on 2027-04-24 (no expiration).
- F3: Each RSU represents a contingent right to receive one Series A share.
- F2: Holdings are reported via ADS/CPO structure (each ADS = 10 CPOs; each CPO represents the economic interest in one Series A share).
Timeliness: Form 4 was filed on 2026-04-28 for transactions on 2026-04-24 and 2026-04-28; filing date matches the form’s filing date and there is no indication in the excerpt that the filing was late.

Context

These transactions involve RSUs (restricted stock units), which are rights to receive underlying shares when they vest (per footnotes). The 120,850 units that converted on 2026-04-28 appear to have been disposed the same day, per the filing — a pattern that often reflects an immediate sale or transfer following vesting (filing shows $0.00 for price/proceeds, so net cash proceeds are not reported in the excerpt). The 64,200 RSUs granted on 2026-04-24 will not vest until 2027-04-24 and therefore do not represent immediately tradable shares.

Form 4

Period: 2026-04-24

Director

Transactions

Exercise/Conversion
Series A shares of common stock
[F1][F2][F3]
2026-04-28+120,850→ 222,710 total
Award
Restricted Securities Units (BoDIP)
[F3][F4]
2026-04-24+64,200→ 64,200 total
→ Series A shares of common stock (64,200 underlying)
Exercise/Conversion
Restricted Securities Units (BoDIP)
[F3][F1]
2026-04-28−120,850→ 0 total
→ Series A shares of common stock (120,850 underlying)

Footnotes (4)

[F1]The Restricted Securities Units ("RSUs") were granted on April 28, 2025 and vest on April 28, 2026. The RSUs have no expiration date.
[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.
[F3]Each RSU represents a contingent right to receive on Series A share of common stock.
[F4]The RSUs were granted on April 24, 2026 and will vest on April 24, 2027. The RSUs have no expiration date.

Signature

/s/ Isela Cervantes Rodriguez, as Attorney-in-Fact, for Joaquin A. Palomo Deneke|2026-04-28

1 file