Barry Biffle - May 24, 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
May 24, 2023
Transactions value $
-$172,438
Form type
4
Date filed
5/25/2023, 09:50 AM
Previous filing
May 10, 2023
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 $13.4K +51K +8.88% $0.26* 625K May 24, 2023 Direct
transaction ULCC Common Stock Sale -$186K -23.8K -3.81% $7.81 602K May 24, 2023 Direct F1, F2
holding ULCC Common Stock 279K May 24, 2023 By Family Trust 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 Stock Options (Right to Buy) Options Exercise $0 -51K -3.4% $0.00 1.45M May 24, 2023 Common Stock 51K $0.26 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to satisfy the exercise price and tax withholding obligations incident to the exercise of employee stock options.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.79 to $7.85, inclusive. The Reporting Person undertakes to provide to Frontier Group Holdings, Inc., any security holder of Frontier Group Holdings, Inc., 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 price range set forth in this footnote.
F3 These shares of Issuer Common Stock are held in a trust for the benefit of the Reporting Person's child. The Reporting Person's spouse is the trustee of the trust. The Reporting Person disclaims beneficial ownership of these shares of Issuer Common Stock, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares of Issuer Common Stock for purposes of Section 16 or for any other purpose.
F4 The stock options are fully vested and exercisable.