Barry Biffle - May 26, 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 26, 2023
Transactions value $
-$2,064,089
Form type
4
Date filed
5/31/2023, 09:51 AM
Previous filing
May 30, 2023
Next filing
Jun 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ULCC Common Stock Options Exercise $105K +400K +55.98% $0.26* 1.11M May 26, 2023 Direct
transaction ULCC Common Stock Sale -$1.48M -179K -16.06% $8.27 936K May 26, 2023 Direct F1, F2
transaction ULCC Common Stock Options Exercise $52.6K +200K +21.38% $0.26* 1.14M May 30, 2023 Direct
transaction ULCC Common Stock Sale -$742K -90.6K -7.98% $8.19 1.04M May 30, 2023 Direct F1, F3
holding ULCC Common Stock 279K May 26, 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 -400K -32.18% $0.00 843K May 26, 2023 Common Stock 400K $0.26 Direct F5
transaction ULCC Stock Options (Right to Buy) Options Exercise $0 -200K -23.73% $0.00 643K May 30, 2023 Common Stock 200K $0.26 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.