Form 4 for AZUL AZUL SA
Accepted 2026-03-30 00:00:00 ET · period of report 2026-03-26 · accession 0001123292-26-000516 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2026-03-30 | 2026-03-26 | AZUL | NEELEMAN DAVID | Dir | G - Gift | $0.00 | -182.44B | 25.96M | -100% | $0 |
| D | 2026-03-30 | 2026-03-26 | AZUL | NEELEMAN DAVID | Dir | M - OptEx | — | +182.44B | 182.46B | +702,807% | — |
| D | 2026-03-30 | 2026-03-26 | AZUL | NEELEMAN DAVID | Dir | M - OptEx | $0.00 | -182.44B | 364.87B | -33% | $0 |
| D | 2026-03-30 | 2026-03-26 | AZUL | NEELEMAN DAVID | Dir | A - Grant | $0.00 | +547.31B | 547.31B | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2026-03-26 | G | D | 182,436,172,596 | $0.00 | 25,958,221 | D | — | — | (F3) Immediately upon receipt, David Neeleman disposed the Relevant Shares (representing 0.33% of the common shares of the Issuer outstanding on the date hereof) as a gift for nil consideration. After giving effect to the Reverse Share Split, the Relevant Shares are expected to equal 1,216,241 common shares. |
| 2 | Common | Common Shares | 2026-03-26 | M | A | 182,436,172,596 | — | 182,462,130,817 | D | — | — | (F1) Represents common shares issued on exercise of a stock option award ("Stock Option") that vested immediately upon grant (the "Relevant Shares"). On March 25, 2026, the shareholders of Azul S.A. approved a 150,000 to 1 reverse share split which is expected to be effective as of April 20, 2026 (the "Reverse Share Split"). After giving effect to the Reverse Share Split, the number of common shares reported in this row is expected to be 1,216,241 common shares. (F2) The Stock Option was granted with a nominal exercise price of R$1.00 (one Brazilian real). |
| 3 | Derivative | Stock Option (right to buy) | 2026-03-26 | M | D | 182,436,172,596 | $0.00 | 364,872,345,192 | D | — · — to — | 182,436,172,596 Common Stock | (F2) The Stock Option was granted with a nominal exercise price of R$1.00 (one Brazilian real). (F5) The stock option award vested immediately upon grant and have no expiration date. |
| 4 | Derivative | Stock Option (right to buy) | 2026-03-26 | A | A | 547,308,517,788 | $0.00 | 547,308,517,788 | D | — · — to — | 547,308,517,788 Common Stock | (F2) The Stock Option was granted with a nominal exercise price of R$1.00 (one Brazilian real). (F5) The stock option award vested immediately upon grant and have no expiration date. |