Barry Biffle - Feb 19, 2022 Form 4 Insider Report for Frontier Group Holdings, Inc. (ULCC)

Role
President & CEO, Director
Signature
/s/ Howard Diamond, as Attorney-in-fact for Barry L. Biffle
Stock symbol
ULCC
Transactions as of
Feb 19, 2022
Transactions value $
-$818,536
Form type
4
Date filed
3/24/2022, 03:14 PM
Previous filing
Feb 4, 2022
Next filing
Apr 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ULCC Common Stock Options Exercise +93.9K +24.36% 479K Feb 19, 2022 Direct F1, F2
transaction ULCC Common Stock Tax liability -$528K -41.2K -8.6% $12.81 438K Feb 19, 2022 Direct F3
transaction ULCC Common Stock Options Exercise +52.5K +11.98% 491K Feb 23, 2022 Direct F1, F2
transaction ULCC Common Stock Tax liability -$291K -23K -4.7% $12.61 468K Feb 23, 2022 Direct F4

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 ULCC Restricted Stock Units Options Exercise $0 -93.9K -50% $0.00 93.9K Feb 19, 2022 Common Stock 93.9K Direct F2, F5
transaction ULCC Restricted Stock Units Options Exercise $0 -52.5K -33.33% $0.00 105K Feb 23, 2022 Common Stock 52.5K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 relates solely to the settlement of previously granted Restricted Stock Units upon vesting. No shares were sold by the Reporting Person.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock. The Restricted Stock Units have no expiration date.
F3 Represents shares of Issuer Common Stock withheld by the Issuer solely to satisfy tax withholding obligations in connection with the net issuance of shares of Issuer Common Stock delivered to the Reporting Person on February 19, 2022, from the vesting of Restricted Stock Units, and does not represent a sale by the Reporting Person.
F4 Represents shares of Issuer Common Stock withheld by the Issuer solely to satisfy tax withholding obligations in connection with the net issuance of shares of Issuer Common Stock delivered to the Reporting Person on February 23, 2022, from the vesting of Restricted Stock Units, and does not represent a sale by the Reporting Person.
F5 The Restricted Stock Units have fully vested as of February 19, 2022.
F6 The Restricted Stock Units have fully vested as of February 23, 2022.