Maldonado Yanez Ricardo 4

What Happened

• Ricardo Maldonado Yanez, a director of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (ticker: VLRS), converted vested RSUs into 229,034 shares on April 28, 2026 and the same 229,034 shares were recorded as disposed the same day. The filing also reports two RSU grants on April 24, 2026 totaling 122,181 RSUs (65,370 and 56,811) at $0.00; those RSUs vest on April 24, 2027. The exercise/conversion and the reported disposals show $0.00 as the per-share price in the filing.

Key Details

• Transaction dates: April 24, 2026 (grants of 65,370 and 56,811 RSUs); April 28, 2026 (conversion/exercise of 229,034 RSUs and disposals of 122,573 and 106,461 shares).
• Prices and values: All entries list $0.00 per share (grants and disposals), and one acquisition entry lists price as N/A; no cash value is reported in the filing.
• Net immediate change: The filing shows 229,034 shares acquired by conversion and 229,034 shares disposed the same day, resulting in no net increase in common shares held from that conversion according to this filing. However, 122,181 newly granted RSUs (unvested) were added.
• Footnotes: RSUs granted April 28, 2025 vested April 28, 2026 (no expiration). Each RSU equals a contingent right to one Series A share. RSUs granted April 24, 2026 vest April 24, 2027 (no expiration).
• Filing note: This Form 4 was originally filed April 28, 2026 and is being re-filed on July 30, 2026 under a different CIK due to a technical error; the content is unchanged.

Context

• RSUs are derivative awards that convert into common shares when they vest; the filing shows vested RSUs converted to shares and those shares were subsequently disposed. The form does not state the reason for the disposals (common reasons include tax withholding or net settlement, but the filing gives no explicit explanation).
• The grants reported are unvested RSUs and do not represent immediately tradable stock until they vest.