CPA SEC Filing News — Copa Holdings, S.A.

Latest SEC filings for Copa Holdings, S.A. (CPA) explained in plain English. Covers insider buying and selling (Form 4), proposed insider sales (Form 144), material company events (8-K), and quarterly & annual reports (10-Q / 10-K). StrongBuyAnalytics provides navigation and brief excerpts or summaries; original filings remain at the SEC/source links and were authored by their filers, not StrongBuyAnalytics. Filing dates shown are source dates. Coverage and detection can be delayed or incomplete because of SEC availability, amendments, parsing, caching, or outages. Latest source filing date shown: 2026-06-17.

Copa Holdings, S.A., through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean. As of December 31, 2025, it operated through a fleet of 125 aircraft. The company was founded in 1947 and is based in Panama City, Panama.
Sector: Industrials Industry: Airlines Market Cap: $5.4B CIK: 1345105
11
Total Filings
0
Bullish Classifications
1
Bearish Classifications
0
Insider Transactions
0
Material Events (8-K)
0
Periodic Reports
Rule-based classifications for CPA currently lean bearish. Of the 11 filing records displayed, 1 carry bearish classifications (such as insider sales or negative 8-K disclosures) versus 0 bullish. This does not necessarily signal fundamental deterioration — insiders sell for many reasons — but it is worth monitoring alongside the company's core financial metrics.
CPA Filing Activity Snapshot 2023-06-20 — 2026-06-17
Largest Form 144 Filing
$8.06M
PEDRO OSVALDO HEILBRON CALONGE · 2025-05-29
73,610 shares · Form 144
Form 144 Notices
11
Proposed insider sales filed — Form 144 is a notice of intent, not a confirmed transaction. Actual sales are confirmed via Form 4.
Proposed Insider Sales 11 · Form 144

A Form 144 is a notice of intent to sell restricted or control securities. It is not a record that anything was sold. Copa Holdings, S.A. has 11 such notices in this period.

The distinction matters because a Form 144 is frequently reported as though it were a completed insider sale. The filer may sell all of the shares covered, some of them, or none at all, and there is no obligation to update the notice either way. A sale that is actually executed by an officer or director shows up separately on a Form 4, which is the filing to check before treating a proposed sale as a real one.

Form 144 Proposed Insider Sale 2026-06-17

CPA Form 144 filed for proposed insider sale by PETER ALEXANDER DONKERSLOOT PONCE (8,338 shares) ~$1.20M

PETER ALEXANDER DONKERSLOOT PONCE filed a Form 144 with the SEC indicating intent to sell CPA (Copa Holdings, S.A.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: PETER ALEXANDER DONKERSLOOT PONCE Shares: 8,338 Est. Value: $1.20M
Form 144 Proposed Insider Sale 2025-12-01

CPA Form 144 filed for proposed insider sale by PEDRO OSVALDO HEILBRON CALONGE (17,459 shares) ~$2.13M

PEDRO OSVALDO HEILBRON CALONGE filed a Form 144 with the SEC indicating intent to sell CPA (Copa Holdings, S.A.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: PEDRO OSVALDO HEILBRON CALONGE Shares: 17,459 Est. Value: $2.13M
Form 144 Proposed Insider Sale 2025-11-03

CPA Form 144 filed for proposed insider sale by PEDRO OSVALDO HEILBRON CALONGE (30,000 shares) ~$3.76M

PEDRO OSVALDO HEILBRON CALONGE filed a Form 144 with the SEC indicating intent to sell CPA (Copa Holdings, S.A.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: PEDRO OSVALDO HEILBRON CALONGE Shares: 30,000 Est. Value: $3.76M
Form 144 Proposed Insider Sale 2025-10-03

CPA Form 144 filed for proposed insider sale by PEDRO OSVALDO HEILBRON CALONGE (10,185 shares) ~$1.22M

PEDRO OSVALDO HEILBRON CALONGE filed a Form 144 with the SEC indicating intent to sell CPA (Copa Holdings, S.A.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: PEDRO OSVALDO HEILBRON CALONGE Shares: 10,185 Est. Value: $1.22M
Form 144 Proposed Insider Sale 2025-10-02

CPA Form 144 filed for proposed insider sale by PEDRO OSVALDO HEILBRON CALONGE (19,815 shares) ~$2.33M

PEDRO OSVALDO HEILBRON CALONGE filed a Form 144 with the SEC indicating intent to sell CPA (Copa Holdings, S.A.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: PEDRO OSVALDO HEILBRON CALONGE Shares: 19,815 Est. Value: $2.33M
Form 144 Proposed Insider Sale 2025-09-23

CPA Form 144 filed for proposed insider sale by PEDRO OSVALDO HEILBRON CALONGE (21,943 shares) ~$2.63M

PEDRO OSVALDO HEILBRON CALONGE filed a Form 144 with the SEC indicating intent to sell CPA (Copa Holdings, S.A.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: PEDRO OSVALDO HEILBRON CALONGE Shares: 21,943 Est. Value: $2.63M
Form 144 Proposed Insider Sale 2025-09-22

CPA Form 144 filed for proposed insider sale by PEDRO OSVALDO HEILBRON CALONGE (8,057 shares) ~$964.8K

PEDRO OSVALDO HEILBRON CALONGE filed a Form 144 with the SEC indicating intent to sell CPA (Copa Holdings, S.A.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: PEDRO OSVALDO HEILBRON CALONGE Shares: 8,057 Est. Value: $964.8K
Form 144 Proposed Insider Sale 2025-06-04

CPA Form 144 filed for proposed insider sale by PEDRO OSVALDO HEILBRON CALONGE (2,631 shares) ~$285.9K

PEDRO OSVALDO HEILBRON CALONGE filed a Form 144 with the SEC indicating intent to sell CPA (Copa Holdings, S.A.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: PEDRO OSVALDO HEILBRON CALONGE Shares: 2,631 Est. Value: $285.9K
Form 144 Large Proposed Insider Sale 2025-05-29

CPA Form 144 filed for proposed insider sale by PEDRO OSVALDO HEILBRON CALONGE (73,610 shares) ~$8.06M

PEDRO OSVALDO HEILBRON CALONGE filed a Form 144 with the SEC indicating intent to sell CPA (Copa Holdings, S.A.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4. The proposed dollar value is large enough to merit attention.

Filing: Form 144 (Proposed Sale Notice) Insider: PEDRO OSVALDO HEILBRON CALONGE Shares: 73,610 Est. Value: $8.06M
Form 144 Proposed Insider Sale 2023-09-20

CPA Form 144 filed for proposed insider sale by JOSE ANTONIO MONTERO MORENO (2,207 shares) ~$206.4K

JOSE ANTONIO MONTERO MORENO filed a Form 144 with the SEC indicating intent to sell CPA (Copa Holdings, S.A.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: JOSE ANTONIO MONTERO MORENO Shares: 2,207 Est. Value: $206.4K
Form 144 Proposed Insider Sale 2023-06-20

CPA Form 144 filed for proposed insider sale by JOSE ANTONIO MONTEROP O BOX 0819-09853 (2,220 shares) ~$247.1K

JOSE ANTONIO MONTEROP O BOX 0819-09853 filed a Form 144 with the SEC indicating intent to sell CPA (Copa Holdings, S.A.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: JOSE ANTONIO MONTEROP O BOX 0819-09853 Shares: 2,220 Est. Value: $247.1K

How we classify Copa Holdings, S.A.'s filings

Straight from EDGAR

Each displayed record links to an original source document. StrongBuyAnalytics provides navigation and brief excerpts or summaries, not the filing itself. Parsing may omit context or contain errors, so read the original document in full.

Transaction codes, not guesswork

The nature shown on each insider filing comes from the transaction code the filer entered on the form itself — P for an open-market purchase, A for a compensation award, F for shares withheld to pay tax, M for an option exercise. Where one filing contains several codes, the transaction table lists them line by line.

Why the distinction matters

Insider activity is routinely summarised as buying or selling, which flattens together decisions that mean very different things. Shares withheld for tax on a vesting grant are an automatic administrative step; shares bought on the open market are someone committing their own money at the current price.

What this page does not tell you

A filing records what happened, not why. Form 4 does not always disclose whether a sale was executed under a pre-arranged Rule 10b5-1 plan, and no single filing is a basis for a decision on CPA. Read these alongside the fundamentals rather than in isolation.

Frequently Asked Questions — CPA SEC Filings

More Tools for CPA

Want deeper CPA analysis?

View valuation, growth metrics, the rule-based stock-page score, demand zones, peer comparison, and more — all on the CPA stock analysis page.

CPA Full Analysis
Publisher, sources & limitations — September 15, 2026. StrongBuyAnalytics provides navigation and brief excerpts or summaries for educational use. Original filings remain at SEC EDGAR or other displayed source links; StrongBuyAnalytics does not author them. Filing dates are source dates, not publication dates for this page. Coverage can be delayed, incomplete, amended, or unavailable because of SEC/source availability, parsing, caching, or outages. Verify every material statement in the original filing.
Data Sources · Methodology · AI Disclosure · Corrections Policy · Disclaimer