Erin Rose Neale - Oct 3, 2023 Form 4 Insider Report for Sun Country Airlines Holdings, Inc. (SNCY)

Signature
/s/ Erin Rose Neale
Stock symbol
SNCY
Transactions as of
Oct 3, 2023
Transactions value $
-$36,115
Form type
4
Date filed
10/5/2023, 04:08 PM
Previous filing
Sep 7, 2023
Next filing
Jan 5, 2024

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 Sale -$11.3K -787 -3.55% $14.31 21.4K Oct 3, 2023 Direct F1
transaction SNCY Common Stock, par value $0.01 per share Sale -$24.9K -1.76K -8.23% $14.13 19.6K Oct 4, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated to satisfy the tax withholding obligations which are funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
F2 This sale was effected pursuant to a Rule 10b5-1 trading plan. The 10b5-1 trading plan was adopted on June 5, 2023.