SCHEDULE 13D/A

AZUL SA

Common Shares, Without Par Value; the CUSIP relates to American depository shares (as evidenced by ADRs), each representing 500,000 common shares · CUSIP: 05501U403

Event date: 2026-02-20

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• NEELEMAN DAVIDReported CIK 0001218390

  Shares: 25,958,221 · Class: 0%

• Saleb II Founder 1 LLCReported CIK 0002052523

  Shares: 123,551 · Class: 0%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.