Controladora Vuela Compania de Aviacion, S.A.B. de C.V.·4

Apr 28, 4:33 PM ET

Broderick Andrew S. 4

4 · Controladora Vuela Compania de Aviacion, S.A.B. de C.V. · Filed Apr 28, 2026

Research Summary

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Controladora Vuela (VLRS) Director Broderick Exercises and Sells Shares

What Happened

  • Director Andrew S. Broderick had previously‑granted RSUs vest and convert into 55,780 ADSs on April 28, 2026; an equal number were reported as disposed/withheld at $0 (tax withholding/cashless settlement). On April 24, 2026 he was granted 29,630 RSUs (reported at $0), which vest on April 24, 2027. No cash purchase or open‑market sale is reported.

Key Details

  • Transaction dates and amounts:
    • 2026-04-28: Conversion/exercise of derivative for 55,780 shares (reported acquired and disposed entries; disposal price $0.00).
    • 2026-04-24: Grant/award of 29,630 RSUs at $0.00 (derivative award).
  • Shares owned after transaction: Not specified in the Form 4.
  • Footnotes of note:
    • The 55,780 conversion stems from RSUs granted Apr 28, 2025 that vested Apr 28, 2026 (F1).
    • A new RSU grant of 29,630 was made Apr 24, 2026 and vests Apr 24, 2027 (F4).
    • Each RSU represents a contingent right to one Series A share (F3).
    • Reported holdings are through American Depositary Shares (ADSs); each ADS represents 10 Certificados de Participacion Ordinarios (CPOs), each CPO representing economic interest in one Series A share (F2).
  • Timeliness: Form 4 was filed Apr 28, 2026 and covers transactions from Apr 24–28, 2026; filing appears timely under the 2‑business‑day rule.
  • Exhibit: Exhibit 24 (Power of Attorney) attached.

Context

  • These entries reflect RSU vesting/conversion and a new RSU grant rather than an open‑market buy or sale. The $0.00 prices and matching acquire/dispose entries typically indicate shares were converted on vesting and a portion (here the reported 55,780) was withheld/surrendered to cover taxes — a routine, non‑market signaling event. The new RSU grant vests next year and represents compensation, not an immediate purchase.

Insider Transaction Report

Form 4
Period: 2026-04-24
Transactions
  • Exercise/Conversion

    Series A shares of common stock

    [F1][F2][F3]
    2026-04-28+55,78097,700 total
  • Award

    Restricted Securities Units (Annual Fee)

    [F3][F4]
    2026-04-24+29,63029,630 total
    Series A shares of common stock (29,630 underlying)
  • Exercise/Conversion

    Restricted Securities Units (Annual Fee)

    [F3][F1]
    2026-04-2855,7800 total
    Series A shares of common stock (55,780 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 Andrew S. Broderick|2026-04-28

Documents

1 file
  • 4
    primary_doc.xmlPrimary

    PRIMARY DOCUMENT