William A. Franke - May 25, 2022 Form 4 Insider Report for Frontier Group Holdings, Inc. (ULCC)

Role: Director, Chairman of the Board, 10%+ Owner
Signature: /s/ Howard Diamond, as Attorney-in-fact for William A. Franke
Stock symbol: ULCC
Transactions as of: May 25, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/27/2022, 11:40 AM
Previous filing: Aug 5, 2021
Next filing: May 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ULCC	Common Stock	Options Exercise		+7.09K			7.09K	May 25, 2022	Direct	F1, F2
holding	ULCC	Common Stock						179M	May 25, 2022	See Footnote	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	ULCC	Restricted Stock Units	Options Exercise	$0	-7.09K	-100%	$0.00^*	0	May 25, 2022	Common Stock	7.09K		Direct	F2, F4
transaction	ULCC	Restricted Stock Units	Award	$0	+14.6K		$0.00	14.6K	May 25, 2022	Common Stock	14.6K		Direct	F5, F6

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

Explanation of Responses:

Id	Content
F1	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	These shares are held directly by Indigo Frontier Holdings Company, LLC. The reporting person is the sole member of Indigo Denver Management Company, LLC, which is the managing member of Indigo Frontier Holdings Company, LLC, and as such, the reporting person has voting and dispositive power over these shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F4	The Restricted Stock Units have fully vested as of May 25, 2022.
F5	Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock and may be settled in cash or shares at the option of the Issuer, subject to certain material contingencies.
F6	The Restricted Stock Units will vest in full on the earlier of May 25, 2023 or immediately prior to the next annual meeting of stockholders after the grant date, subject to continued service of the Reporting Person through the vesting date. The Restricted Stock Units have no expiration date.