Donovan William Dean 4

What Happened
Donovan William Dean, a director of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS), sold 50,000 shares in an open-market transaction on May 28, 2026 at $7.67 per share, for total proceeds of $383,500. This was a sale (not a purchase or award).

Key Details

• Transaction date: 2026-05-28 (reported on Form 4 filed 2026-06-01)
• Transaction type: Sale (open market)
• Price: $7.67 per share; total proceeds: $383,500
• Reported quantity: 50,000 (reported as ADSs per filing)
• Shares owned after the transaction: Not specified in the provided excerpt of the filing
• Footnote: Shares are held through American Depositary Shares (ADSs). Each ADS represents 10 Certificados de Participacion Ordinarios (CPOs), and each CPO represents the economic interest in one Series A common share — so 50,000 ADSs correspond to an economic interest in 500,000 underlying Series A shares.

Context
The filing documents a standard insider sale. Sales can be for many reasons (liquidity, diversification, tax planning) and do not necessarily indicate a change in the insider’s view of the company. The ADS structure means the reported ADS count represents a larger underlying economic interest in the company’s Series A shares.