Borrego Andres 4

What Happened

• Andres Borrego, a director of Grupo Aeromexico (AERO), made an open‑market purchase of 8,000 American Depositary Shares (ADSs) on March 19, 2026.
• The ADSs were acquired at a weighted average price of $12.83 per ADS for a reported total cost of $102,640. Each ADS represents 10 common shares, so the purchase corresponds to economic exposure to roughly 80,000 common shares. This was a purchase (a bullish signal in the sense of an insider buying stock), not a sale.

Key Details

• Transaction date: 2026-03-19; filing date: 2026-03-23.
• Price: weighted average $12.83 per ADS; transactions in the lot ranged from $12.80 to $12.86 (footnote).
• Shares reported: 8,000 ADSs acquired (equals ~80,000 common shares because 1 ADS = 10 common shares).
• Shares owned after transaction: not provided in the details supplied.
• Footnotes: F1 notes the transactions were in ADSs (each = 10 common shares). F2 notes the reported price is a weighted average and gives the per‑ADS price range; full breakdown available on request.
• Regulatory note: As a foreign private issuer under Rule 3a12-3(b), the issuer’s insiders are exempt from Sections 16(b) and 16(c) of the Exchange Act (short‑swing profit rules). Power of attorney previously filed.

Context

• These were open‑market purchases of ADSs (not option exercises or awards). ADSs are a depositary vehicle representing underlying Mexican common shares — disclosure shows ADS count rather than direct common shares.
• Insider purchases are often watched by retail investors as one data point of confidence, but they are not definitive proof of future performance. This Form 4 simply reports the transaction and related technical details.