Gregory Mays - Mar 19, 2022 Form 4 Insider Report for Sun Country Airlines Holdings, Inc. (SNCY)

Role: Chief Operating Officer & EVP
Signature: /s/ Eric Levenhagen, as attorney-in-fact for Gregory A. Mays
Stock symbol: SNCY
Transactions as of: Mar 19, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/13/2022, 05:02 PM
Next filing: Sep 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNCY	Common stock, par value $0.01 per share	Award	$0	+9.55K	+423.5%	$0.00	11.8K	Jun 9, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SNCY	Employee Stock Option (Right to Buy)	Award	$0	+82.6K	+39.94%	$0.00	289K	Mar 19, 2022	Common stock	82.6K	$5.30	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On July 1, 2019, the reporting person was granted an option to purchase 330,465 shares of common stock. The option vests in six installments based on Sun Country's satisfaction of certain performance criteria. The performance criteria for the first installment were met resulting in vesting of the option as to 82,617 shares on March 19, 2022.
F2	On March 16, 2021, the reporting person filed a Form 3 which inadvertently reported that he owned an option to purchase 206,879 shares of common stock. In fact, the reporting person owned an option to purchase 206,877 shares of common stock. This error has been corrected in the number of options beneficially owned following the transaction reported in this Form 4.