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