Donovan William Dean 4

What Happened

• Donovan William Dean, a director of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (VLRS), reported an open-market sale of 50,000 ADSs on 2026-05-27. The ADSs were sold at $7.54 per ADS for total proceeds of $377,000. This was a sale (S), not a purchase or option exercise.

Key Details

• Transaction date and price: 2026-05-27 — 50,000 ADSs sold at $7.54 per ADS (total $377,000).
• Filing date: 2026-05-29 (filed within the typical two-business-day Form 4 window).
• Shares owned after transaction: Not specified in the summary data provided in this request / not reported here.
• Footnote: The reported holdings are ADSs. Each ADS represents ten (10) Certificados de Participación Ordinarios (CPOs), and each CPO represents the economic interest in one Series A ordinary share — i.e., 1 ADS = economic interest in 10 underlying shares.
• No 10b5-1 plan, gift, option exercise, or tax-withholding details were reported in the provided data.

Context

• Sales by directors can be routine (diversification, liquidity, or other personal reasons) and do not by themselves prove a change in company outlook. Purchases are often more informative about insider conviction; this filing documents a routine insider sale.
• Because the transaction involves ADSs, the reported ADS count translates to a larger number of underlying Mexican shares (roughly 10 underlying shares per ADS), which is important when comparing to other insider reports that may list local shares rather than ADSs.