Josh A. Wetzel - 23 Feb 2023 Form 4 Insider Report for Frontier Group Holdings, Inc. (ULCC)

Role: VP & CAO
Signature: /s/ Howard Diamond, as Attorney-in-fact for Josh A. Wetzel
Issuer symbol: ULCC
Transactions as of: 23 Feb 2023
Net transactions value: -$9,178
Form type: 4
Filing time: 24 Feb 2023, 11:00:37 UTC
Previous filing: 21 Feb 2023
Next filing: 01 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ULCC	Common Stock	Options Exercise		+1,925	+26%		9,371	23 Feb 2023	Direct	F1, F2
transaction	ULCC	Common Stock	Tax liability	$9,178	-842	-9%	$10.90	8,529	23 Feb 2023	Direct	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	-1,925	-50%	$0.000000	1,926	23 Feb 2023	Common Stock	1,925		Direct	F2, F4

* 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	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 on February 23, 2023, from the vesting of Restricted Stock Units, and does not represent a sale by the Reporting Person.
F4	The Restricted Stock Units have fully vested as of February 23, 2023.