Yanez Ricardo Maldonado 4

What Happened

• Ricardo Maldonado Yanez, a director of Controladora Vuela Compañía de Aviación (VLRS), had previously granted RSUs vest and converted 229,034 vested RSUs into Series A common shares on April 28, 2026. Those 229,034 shares were simultaneously disposed/withheld (122,573 and 106,461 shares) to satisfy tax withholding; no cash consideration was reported.
• Separately, on April 24, 2026 he was granted two RSU awards totaling 122,181 RSUs (65,370 and 56,811 RSUs) at $0.00. Per the filing these new RSUs will vest on April 24, 2027 and have no expiration.

Key Details

• Filing date: April 28, 2026 (Period of Report: April 24, 2026).
• Conversion/exercise: 229,034 RSUs converted to shares on 2026-04-28 (Acquired entry). Price shown as N/A for the conversion.
• Withholding/disposition: 122,573 and 106,461 shares disposed on 2026-04-28 at $0.00 (derivative withholding to satisfy taxes), totaling 229,034 shares.
• Grants: 65,370 RSUs and 56,811 RSUs granted on 2026-04-24 at $0.00 (derivative awards); vesting date April 24, 2027.
• Footnotes: RSUs granted Apr 28, 2025 vested Apr 28, 2026; each RSU represents a contingent right to receive one Series A share; the 04-24-2026 RSUs vest 04-24-2027 and have no expiration.
• Shares owned after the transactions: not specified in the provided filing details.

Context

• These filings reflect RSU vesting/conversion and routine tax-withholding (a common practice where vested shares are withheld/surrendered to cover taxes). No cash purchases or open-market sales were reported.
• Grants (awards) are not purchases and do not necessarily indicate buying sentiment; the conversion + withholding is administrative following vesting.