AZUL

SEC source: 0001123292-26-000903 · form4.xml · nonDerivative · entry 1

Zinman Jon · CIK 0002001886 · Member of Strategy Committee

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 980,860

F1 · shares: Represents a grant of 980,860 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest over four years as follows: approximately 40% vested on the grant date and approximately 20% will vest on each of May 5, 2027, May 5, 2028 and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date

F2 · price: In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.

SEC source: 0001123292-26-000899 · form4.xml · nonDerivative · entry 1

Slattery John S. · CIK 0001819831 · Member of Strategic Committee

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 588,516

F1 · shares: Represents a grant of 588,516 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.

F2 · price: In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.

SEC source: 0002141387-26-000002 · primary_doc.xml · nonDerivative · entry 1

Goncalves da Cruz Andre · CIK 0002141387 · Technical Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 255,024

F1 · shares: Represents a grant of 255,024 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.

F2 · price: In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.

SEC source: 0001123292-26-000905 · form4.xml · nonDerivative · entry 1

NEELEMAN DAVID · CIK 0001218390 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,764,246

F1 · shares: Represents a grant of 1,294,735 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.

F2 · price: In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.

SEC source: 0001123292-26-000901 · form4.xml · nonDerivative · entry 1

Mariano Ricardo Luiz Temer · CIK 0002114508 · Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 98,086

F1 · shares: Represents a grant of 98,086 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.

F2 · price: In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.

SEC source: 0001123292-26-000897 · form4.xml · nonDerivative · entry 1

Grant James Jason · CIK 0002113903 · Member of Strategy Committee

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 980,860

F1 · shares: Represents a grant of 980,860 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest over four years as follows: approximately 40% vested on the grant date and approximately 20% will vest on each of May 5, 2027, May 5, 2028, and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.

F2 · price: In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.

SEC source: 0001123292-26-000895 · form4.xml · nonDerivative · entry 1

Tkacz Daniel · CIK 0002113899 · Chief Technical Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 196,172

F1 · shares: Represents a grant of 196,172 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.

F2 · price: In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.

SEC source: 0001123292-26-000891 · form4.xml · nonDerivative · entry 1

Shah Abhi Manoj · CIK 0002113900 · Chief Revenue Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,373,206

F1 · shares: Represents a grant of 1,373,204 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.

F2 · price: In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.

SEC source: 0001123292-26-000889 · form4.xml · nonDerivative · entry 1

Marino Bicudo Daniel · CIK 0002141100 · Chief Commercial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 196,172

F1 · shares: Represents a grant of 196,172 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.

F2 · price: In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.

SEC source: 0001123292-26-000887 · form4.xml · nonDerivative · entry 1

Rodgerson John Peter · CIK 0002113901 · Director · CEO (see remarks)

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,452,151

F1 · shares: Represents a grant of 2,452,149 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.

F2 · price: In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.

SEC source: 0001292814-26-003524 · ownership.xml · nonDerivative · entry 1

Garcia Antonio Carlos · CIK 0002119103 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 725,836

F1 · shares: Represents a grant of 725,836 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.

F2 · price: In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.

SEC source: 0001123292-26-000798 · form4.xml · derivative · entry 6

NEELEMAN DAVID · CIK 0001218390 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 36,856 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The stock option was granted with a nominal exercise price of R$1.00 (one Brazilian real).

F6 · derivative.exercise_date: This stock option award vested immediately upon grant and had no expiration date.

F6 · derivative.expiration_date: This stock option award vested immediately upon grant and had no expiration date.

SEC source: 0001123292-26-000798 · form4.xml · derivative · entry 5

NEELEMAN DAVID · CIK 0001218390 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,856

Underlying: Common Stock · 36,856 shares

Expires not disclosed

F1 · derivative.exercise_price: The stock option was granted with a nominal exercise price of R$1.00 (one Brazilian real).

F6 · derivative.exercise_date: This stock option award vested immediately upon grant and had no expiration date.

F6 · derivative.expiration_date: This stock option award vested immediately upon grant and had no expiration date.

SEC source: 0001123292-26-000798 · form4.xml · derivative · entry 4

NEELEMAN DAVID · CIK 0001218390 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 2,432,482 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The stock option was granted with a nominal exercise price of R$1.00 (one Brazilian real).

F5 · shares: This stock option was previously reported as covering 364,872,345,192 common shares, but was adjusted to reflect the Reverse Share Split.

F6 · derivative.exercise_date: This stock option award vested immediately upon grant and had no expiration date.

F6 · derivative.expiration_date: This stock option award vested immediately upon grant and had no expiration date.

SEC source: 0001123292-26-000798 · form4.xml · nonDerivative · entry 2

NEELEMAN DAVID · CIK 0001218390 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,469,511

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: The stock option was granted with a nominal exercise price of R$1.00 (one Brazilian real).

SEC source: 0001123292-26-000798 · form4.xml · nonDerivative · entry 1

NEELEMAN DAVID · CIK 0001218390 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,432,655

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: The stock option was granted with a nominal exercise price of R$1.00 (one Brazilian real).

F2 · balance_after: The 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").

SEC source: 0001123292-26-000516 · form4.xml · derivative · entry 5

NEELEMAN DAVID · CIK 0001218390 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 364,872,345,192

Underlying: Common Stock · 182,436,172,596 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: The Stock Option was granted with a nominal exercise price of R$1.00 (one Brazilian real).

F5 · derivative.exercise_date: The stock option award vested immediately upon grant and have no expiration date.

F5 · derivative.expiration_date: The stock option award vested immediately upon grant and have no expiration date.

SEC source: 0001123292-26-000516 · form4.xml · derivative · entry 4

NEELEMAN DAVID · CIK 0001218390 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 547,308,517,788

Underlying: Common Stock · 547,308,517,788 shares

Expires not disclosed

F2 · derivative.exercise_price: The Stock Option was granted with a nominal exercise price of R$1.00 (one Brazilian real).

F5 · derivative.exercise_date: The stock option award vested immediately upon grant and have no expiration date.

F5 · derivative.expiration_date: The stock option award vested immediately upon grant and have no expiration date.

SEC source: 0001123292-26-000516 · form4.xml · nonDerivative · entry 2

NEELEMAN DAVID · CIK 0001218390 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,958,221

F3 · shares: 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.

SEC source: 0001123292-26-000516 · form4.xml · nonDerivative · entry 1

NEELEMAN DAVID · CIK 0001218390 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 182,462,130,817

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: 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 · price: The Stock Option was granted with a nominal exercise price of R$1.00 (one Brazilian real).