Murray Aaron James 4

What Happened Murray Aaron James, Chief Commercial Officer of Grupo Aeromexico (AERO), purchased 6,336 American Depositary Shares (ADSs) in open-market transactions on March 19, 2026. The weighted-average price was $12.86 per ADS, for an aggregate reported cost of approximately $81,481. This was a purchase (acquisition), which is generally viewed as a bullish signal compared with a sale, though it does not speak to the insider’s motives.

Key Details

• Transaction date: 2026-03-19; Filing date: 2026-03-23.
• Transaction type: Open market purchase (Code P); 6,336 ADSs acquired.
• Price: Weighted average $12.86 per ADS; purchases occurred in multiple trades at $12.86–$12.88 (reporting person can provide breakdown on request).
• Total reported value: ~$81,481.
• ADS structure: Each ADS represents 10 common shares (footnote).
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: The Form 4 was filed four days after the trade (Form 4s are typically due within 2 business days), so this appears outside the usual 2-business-day window.
• Exemption note: Because Aeromexico is a foreign private issuer, these transactions are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act (per the filing’s remark).

Context These were purchases of ADSs (depositary receipts representing common shares), not an option exercise or award. The filing indicates multiple small trades at slightly different prices; the weighted-average is reported with a price range ($12.86–$12.88). Purchases by executives can be interpreted as a sign of confidence, but the filing provides no explanation of intent.