Aspe Bernal Monica 4

What Happened

Monica Aspe Bernal, a director of Controladora Vuela Compañía de Aviación (VLRS), had 106,461 restricted stock units (RSUs vesting Apr 28, 2026) converted into shares on Apr 28, 2026 and those 106,461 shares were disposed the same day. Separately, she was granted 56,811 RSUs on Apr 24, 2026 (these vest on Apr 24, 2027). The filing reports $0.00 per share for the RSU award/conversion entries, consistent with RSUs converting into issued shares rather than a purchase for cash.

Key Details

• Transactions reported:
  • Apr 24, 2026 — Grant/Award (A): 56,811 RSUs granted @ $0.00 (will vest 4/24/2027). (Footnote F3)
  • Apr 28, 2026 — Exercise/Conversion (M): 106,461 RSUs converted to shares (acquired; filing shows N/A for price). (Footnote F1/F2)
  • Apr 28, 2026 — Exercise/Conversion (M) Disposition: 106,461 shares disposed @ $0.00 (derivative disposition).
• Footnotes: RSUs granted 4/28/2025 vested 4/28/2026 and have no expiration (F1); each RSU equals a contingent right to one Series A common share (F2); the 56,811 RSUs granted 4/24/2026 vest 4/24/2027 (F3).
• Shares owned after the transactions are not specified in the provided entries.
• Filing date: Apr 28, 2026. Transactions on Apr 24 and Apr 28 were reported on Apr 28 — the filing appears to be timely under the two-business-day Form 4 rule.

Context

• RSUs are a form of derivative/award that convert into company shares when they vest. The April 28 activity reflects conversion of vested RSUs into shares and an immediate disposition of those shares on the same day. This pattern is common for RSU vesting events (for example, to satisfy tax withholding or to realize gains), but the filing itself does not state the reason for the disposition.
• The Apr 24 grant represents future compensation that will vest on Apr 24, 2027 and does not represent current ownership of common stock until vested and converted.