Gregory A. Mays - 10 Jan 2025 Form 4 Insider Report for Sun Country Airlines Holdings, Inc. (SNCY)

Role
Chief Operating Officer & EVP
Signature
/s/ Rose Neale, as attorney-in-fact for Gregory Mays
Issuer symbol
SNCY
Transactions as of
10 Jan 2025
Net transactions value
-$97,977
Form type
4
Filing time
14 Jan 2025, 18:38:49 UTC
Previous filing
10 Jan 2025
Next filing
14 Feb 2025
SEC
View on sec.gov

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 $869 +164 +0.25% $5.30 66,515 10 Jan 2025 Direct F1
transaction SNCY Common Stock, par value $0.01 per share Sale $98,846 -6,147 -9.2% $16.08 60,368 10 Jan 2025 Direct F2, 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 -164 -0.04% $0.000000 403,342 10 Jan 2025 Common Stock 164 $5.30 Direct F4, F5
* 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 This transaction was effected pursuant to a Rule 10b5-1 trading plan. The 10b5-1 trading plan was adopted on September 4, 2024.
F2 5,983 of these shares sold represents the number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units. The sale of these 5,983 shares 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. 164 of these shares were sold pursuant to a Rule 10b5-1 trading plan. The 10b5-1 trading plan was adopted on September 4, 2024.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.00 to $16.35, 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 This transaction was effected pursuant to a Rule 10b5-1 trading plan. The 10b5-1 trading plan was adopted on September 4, 2024.
F5 Grants may have a graded vesting schedule. Date Exercisable will vary for each vesting tranche.