SEC Form 4 · accession 0001123292-26-000798
AZUL SA · AZUL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Neeleman
Director
Period of report
Jun 1, 2026
Accepted (ET)
Jun 3, 2026 · 5:45 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001432364
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F2 | Jun 1, 2026 | M | 2,432,482 | — | A | 2,432,655 | D | |
| Common SharesF1 | Jun 1, 2026 | M | 36,856 | — | A | 2,469,511 | D | |
| Common SharesF3,F4 | holding | — | — | — | 2 | I | By Saleb II Founder 1 LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F5,F1,F6 | — | Jun 1, 2026 | M | 2,432,482 | D | — | — | Common Stock | 2,432,482 | 0 | D |
| Stock Option (right to buy)F1,F6 | — | Jun 1, 2026 | A | 36,856 | A | — | — | Common Stock | 36,856 | 36,856 | D |
| Stock Option (right to buy)F1,F6 | — | Jun 1, 2026 | M | 36,856 | D | — | — | Common Stock | 36,856 | 0 | D |
Explanation of responses
- F1The stock option was granted with a nominal exercise price of R$1.00 (one Brazilian real).
- F2The reporting person previously reported direct ownership of 25,958,221 common shares, which was adjusted to 173 common shares upon effectiveness of the 150,000 to 1 reverse share split in respect of the Company's common shares on April 23, 2026 (the "Reverse Share Split").
- F3The reporting person previously reported indirect ownership of 390,218 common shares, which was adjusted to 2 common shares upon effectiveness of the Reverse Share Split.
- F4Saleb II Founder 1 LLC is wholly owned and controlled by David Neeleman.
- F5This stock option was previously reported as covering 364,872,345,192 common shares, but was adjusted to reflect the Reverse Share Split.
- F6This stock option award vested immediately upon grant and had no expiration date.