AZUL SA Officer Stock Grant

Andre Goncalves da Cruz, Technical Vice President of AZUL SA, was granted 255,024 non-derivative rights to acquire common shares under the Issuer's Restricted Shares Granting Plan. The grant, valued at a nominal price of R$1.00 per share, vests in three equal annual installments on May 5, 2027, May 5, 2028, and May 5, 2029, contingent upon continued service. If AZUL SA lacks sufficient treasury shares for settlement on vesting dates, Mr. da Cruz will subscribe to the shares at the nominal price.