Steve Schuller - Feb 1, 2024 Form 4 Insider Report for Frontier Group Holdings, Inc. (ULCC)

Role
SVP, Human Resources
Signature
/s/ Howard Diamond, as Attorney-in-fact for Steve Schuller
Stock symbol
ULCC
Transactions as of
Feb 1, 2024
Transactions value $
-$12,312
Form type
4
Date filed
2/8/2024, 07:28 PM
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ULCC Common Stock Options Exercise +6.61K +23.31% 35K Feb 3, 2024 Direct F1, F2
transaction ULCC Common Stock Tax liability -$12.3K -2.28K -6.52% $5.40 32.7K Feb 3, 2024 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 Award $0 +113K $0.00 113K Feb 1, 2024 Common Stock 113K Direct F2, F4
transaction ULCC Restricted Stock Units Options Exercise $0 -6.61K -50% $0.00 6.61K Feb 3, 2024 Common Stock 6.61K Direct F2, F5
* 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 Person on February 3, 2024, from the vesting of Restricted Stock Units, and does not represent a sale by the Reporting Person.
F4 The Restricted Stock Units vest in three substantially equal annual installments beginning on February 1, 2025. The Restricted Stock Units have no expiration date.
F5 The remaining Restricted Stock Units fully vest on February 3, 2025.