Barry Biffle - 08 Jun 2023 Form 4 Insider Report for Frontier Group Holdings, Inc. (ULCC)

Signature
/s/ Howard Diamond, as Attorney-in-fact for Barry L. Biffle
Issuer symbol
ULCC
Transactions as of
08 Jun 2023
Net transactions value
-$3,472,212
Form type
4
Filing time
12 Jun 2023, 20:01:32 UTC
Previous filing
08 Jun 2023
Next filing
04 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ULCC Common Stock Options Exercise $26,320 +100,000 +8.8% $0.2632* 1,232,253 08 Jun 2023 Direct
transaction ULCC Common Stock Sale $922,330 -100,000 -8.1% $9.22 1,132,253 08 Jun 2023 Direct F1, F2
transaction ULCC Common Stock Sale $853,046 -92,384 -36% $9.23 161,565 08 Jun 2023 By Family Trust F3, F4
transaction ULCC Common Stock Options Exercise $64,027 +243,264 +21% $0.2632* 1,375,517 09 Jun 2023 Direct
transaction ULCC Common Stock Sale $1,026,802 -111,333 -8.1% $9.22 1,264,184 09 Jun 2023 Direct F1, F5
transaction ULCC Common Stock Sale $760,381 -82,616 -51% $9.20 78,949 09 Jun 2023 By Family Trust F4, F6

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 -100,000 -23% $0.000000 343,264 08 Jun 2023 Common Stock 100,000 $0.2632 Direct F7
transaction ULCC Stock Options (Right to buy) Options Exercise $0 -243,264 -71% $0.000000 100,000 09 Jun 2023 Common Stock 243,264 $0.2632 Direct F7
* 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 $9.20 to $9.28, 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 $9.20 to $9.27, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.18 to $9.28, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.20 to $9.24, 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.
F7 The stock options are fully vested and exercisable.