Barry Biffle - Feb 23, 2023 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 23, 2023
Transactions value $
-$250,308
Form type
4
Date filed
2/24/2023, 11:00 AM
Previous filing
Feb 21, 2023
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ULCC Common Stock Options Exercise +52.5K +8.68% 657K Feb 23, 2023 Direct F1, F2
transaction ULCC Common Stock Tax liability -$250K -23K -3.49% $10.90 634K Feb 23, 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 -52.5K -50% $0.00 52.5K Feb 23, 2023 Common Stock 52.5K 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.