Pace Stan L 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

VLRS Director Stan L. Pace Exercises RSUs; Shares Withheld

What Happened

Stan L. Pace, a director of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (ticker: VLRS), had 120,850 restricted stock units (RSUs vesting from an April 28, 2025 grant) convert/exercise on April 28, 2026. The filing shows 120,850 shares acquired on conversion and 120,850 shares disposed at $0.00 the same day, consistent with a net settlement or shares withheld to satisfy tax withholding rather than an open-market sale.
Separately, Pace was reported as receiving two new RSU grants on April 24, 2026 for 59,260 and 64,200 RSUs (total 123,460 RSUs) at $0.00; these new RSUs vest on April 24, 2027 and have no expiration.

Key Details

Transaction dates and amounts:
- Apr 28, 2026: 120,850 RSUs vested/converted (exercise/conversion, code M); 120,850 shares shown disposed at $0.00.
- Apr 24, 2026: Grants of 59,260 RSUs and 64,200 RSUs (code A) at $0.00 (new awards).
Prices / values: All reported at $0.00 in the filing; no cash proceeds reported from the April 28 disposals.
Shares owned after transaction: Not specified in the excerpt provided.
Notable footnotes from the filing:
- F1: The RSUs that vested on Apr 28, 2026 were originally granted Apr 28, 2025 and have no expiration.
- F4: The Apr 24, 2026 RSU grants vest on Apr 24, 2027 and have no expiration.
- F3: Each RSU represents a contingent right to receive one Series A share of common stock.
- F2: Holdings are reported through ADSs (each ADS = 10 CPOs; each CPO represents economic interest in one Series A share).
Filing timeliness: The Form 4 was filed Apr 28, 2026 covering transactions Apr 24 and Apr 28; the filing does not indicate lateness.

Context

This was not an open‑market sale or purchase signal; the activity reflects RSU vesting/conversion and likely net settlement (shares withheld) to satisfy tax obligations. Disposals reported at $0.00 are commonly how companies report share withholding for taxes or net settlement of equity awards.
The Apr 24, 2026 entries are new RSU awards that will vest next year (Apr 24, 2027) and do not reflect immediate economic ownership until vesting occurs.
For retail investors: award vesting and tax-withholding settlements are routine insider events and do not necessarily indicate a change in the insider’s view of the company.

Form 4

Period: 2026-04-24

Director

Transactions

Exercise/Conversion
Series A shares of common stock
[F1][F2][F3]
2026-04-28+120,850→ 349,240 total
Award
Restricted Securities Units (Annual Fee)
[F3][F4]
2026-04-24+59,260→ 59,260 total
→ Series A shares of common stock (59,260 underlying)
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 Stanley L. Pace|2026-04-28

1 file