Franke Brian H. 4

What Happened

• Brian H. Franke, a director of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS), had two RSU-related events reported. On 2026-04-24 he was granted 148,140 restricted stock units (RSUs) at $0.00 (derivative award). On 2026-04-28, 278,870 RSUs were converted/exercised into shares and the same number (278,870) were reported as disposed the same day. The transactions are reported as derivative transactions and show $0.00 per share in the filing.

Key Details

• Transaction dates: Grant on 2026-04-24 (148,140 RSUs); conversion/exercise and same-day disposition on 2026-04-28 (278,870 RSUs → shares → disposed).
• Prices and values: Grants and the disposed conversion are reported at $0.00 and labeled as derivative transactions in the filing (no cash sale price reported).
• Shares owned after transaction: Not specified in the provided filing details.
• Relevant footnotes:
  • F1: A prior RSU grant dated 2025-04-28 vested on 2026-04-28 (likely the RSUs converted on 4/28/26).
  • F4: The 148,140 RSUs were granted on 2026-04-24 and vest on 2027-04-24; RSUs have no expiration.
  • F3: Each RSU represents a contingent right to receive one Series A share of common stock.
  • F2: Holdings are reported through American Depositary Shares (ADSs); 1 ADS = 10 CPOs; 1 CPO represents the economic interest in one Series A share.
• Filing timeliness: Filing date is 2026-04-28 covering transactions on 2026-04-24 and 2026-04-28; no late filing flag is indicated in the provided data.

Context

• RSUs are awards that convert into company shares when they vest. The filing shows vested RSUs converted to shares and those shares were disposed the same day — a pattern commonly seen when shares are sold or transferred upon vesting (e.g., to cover taxes), though the filing records these as derivative transactions at $0.00 rather than an open-market sale price. This report is informational about vesting and disposition; it does not itself explain the reason for the same-day disposal.