Grant Whitney - Aug 1, 2024 Form 4 Insider Report for Sun Country Airlines Holdings, Inc. (SNCY)

Role
Chief Revenue Officer & SVP
Signature
/s/ Rose Neale, as attorney-in-fact for Grant Whitney
Stock symbol
SNCY
Transactions as of
Aug 1, 2024
Transactions value $
-$33,793
Form type
4
Date filed
8/5/2024, 04:49 PM
Previous filing
Jul 8, 2024
Next filing
Oct 3, 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 Options Exercise $26.5K +5K +19.95% $5.30* 30.1K Aug 1, 2024 Direct
transaction SNCY Common Stock, par value $0.01 per share Sale -$52.6K -4.4K -14.63% $11.95 25.7K Aug 1, 2024 Direct F1, F2
transaction SNCY Common Stock, par value $0.01 per share Sale -$7.7K -600 -2.34% $12.83 25.1K Aug 1, 2024 Direct F1, F3

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) Options Exercise $0 -5K -2.47% $0.00 198K Aug 1, 2024 Common Stock 5K $5.30 Direct F4
* 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 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. The 10b5-1 trading plan was adopted on March 4, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.56 to $12.54, inclusive. The reporting person undertakes to provide to Sun Country Airlines Holdings, Inc. ("Sun Country"), any security holder of Sun Country, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.56 to $13.06, inclusive. The reporting person undertakes to provide to Sun Country Airlines Holdings, Inc. ("Sun Country"), any security holder of Sun Country, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.
F4 Grants may have a graded vesting schedule. Date Exercisable will vary for each vesting tranche.