Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 219

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 9
Chunk 219
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 an issuer’s shares, in cases where
the relevant securities are simultaneously traded on stock exchanges located outside of Mexico.

Insider Trading, Trading Restrictions and Tender Offers

The LMV contains specific regulations regarding insider trading,
including the requirement that persons in possession of information deemed privileged abstain (i) from directly or indirectly, trading
in the relevant issuer’s securities, or derivatives with respect to such securities, the trading price of which may be affected
by such information, (ii) from making recommendations or providing advice to third parties to trade in such securities, and (iii) disclosing
or communicating such privileged information to third parties (except for persons to whom such information must be disclosed as a result
of their positions or employment, as governmental authorities).

Pursuant to the LMV, the following persons must notify the
CNBV of any transactions undertaken by them with respect to a listed issuer’s securities, whether on a case-by-case basis or quarterly:

  members of a listed issuer’s board of directors;  

  shareholders controlling 10% or more of a listed issuer’s outstanding capital stock;  

  advisors;  

  groups controlling 25% or more of a listed issuer’s outstanding capital stock; and  

  other insiders.  

These persons must also inform the CNBV of the effect of the
transactions within five days following their completion, or, alternatively, that the transactions have not been consummated. In addition,
insiders must abstain from purchasing or selling securities of the issuer within three months from the last sale or purchase, respectively.

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Also, for purposes of preparing annual reports, holders of
1% or more of the outstanding shares of a Mexican public company, must disclose their holdings and the relevant issuer.

Subject to certain exceptions, any acquisition of a public
company’s shares that results in the acquirer owning 10.0% or more, but less than 30.0%, of an issuer’s outstanding capital
stock, must be publicly disclosed to the CNBV and the Mexican Stock Exchange by no later than one business day following the acquisition.

Any acquisition or disposition by an insider that results
in the insider holding an additional 5% or more of a public company’s outstanding capital stock or that reduces such insider’s
holdings by 5% or more, must also be publicly disclosed to the CNBV and the Mexican Stock Exchange no later than one business day following
the acquisition or disposition. Some insiders must also notify the CNBV of share purchases