Azul S.A. Shareholder Filing

VR Advisory Services Ltd, along with VR Global Partners, L.P., VR Capital Participation Ltd., VR Capital Group Ltd., VR Capital Holdings Ltd., and Richard Deitz, collectively hold 5.3% of Azul S.A.'s common shares. This holding amounts to 2,877,742,163,070 shares, which includes 5,659,968 American Depositary Shares (ADS) and warrants exercisable for an additional 47,758,163,070 shares. The filing indicates that these entities and Mr. Deitz have sole dispositive and voting power over these shares. The information is based on Azul S.A. having 54,730,851,778,811 common shares outstanding as of February 20, 2026. The filing was made on February 27, 2026, and is in accordance with Rule 13d-1(b) and 13d-1(c) of the Securities Exchange Act.