Form 4 Filing for Copa Holdings, S.A.

This filing details the ownership changes for Pedro Heilbron, Chief Executive Officer of Copa Holdings, S.A. (CPA). Heilbron directly owns 50,201 shares of Class A Common Stock, which includes 32,503 shares from restricted stock units. Additionally, he has indirect ownership of 207,992 shares of Class B Common Stock through H&O CAPITAL CORP and 255,573 shares of Class B Common Stock held through Panamanian Investors, S.A. The filing is an Exhibit 24, indicating a Power of Attorney.