Barry Biffle - 26 May 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
Issuer symbol
ULCC
Transactions as of
26 May 2023
Net transactions value
-$2,064,089
Form type
4
Filing time
31 May 2023, 09:51:17 UTC
Previous filing
30 May 2023
Next filing
08 Jun 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 $105,280 +400,000 +56% $0.2632* 1,114,546 26 May 2023 Direct
transaction ULCC Common Stock Sale $1,480,140 -178,990 -16% $8.27 935,556 26 May 2023 Direct F1, F2
transaction ULCC Common Stock Options Exercise $52,640 +200,000 +21% $0.2632* 1,135,556 30 May 2023 Direct
transaction ULCC Common Stock Sale $741,869 -90,600 -8% $8.19 1,044,956 30 May 2023 Direct F1, F3
holding ULCC Common Stock 278,949 26 May 2023 By Family Trust 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 Stock Options (Right to Buy) Options Exercise $0 -400,000 -32% $0.000000 842,858 26 May 2023 Common Stock 400,000 $0.2632 Direct F5
transaction ULCC Stock Options (Right to Buy) Options Exercise $0 -200,000 -24% $0.000000 642,858 30 May 2023 Common Stock 200,000 $0.2632 Direct F5
* 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 $8.11 to $8.41, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.12 to $8.32, 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.
F4 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.
F5 The stock options are fully vested and exercisable.