Steve Schuller - 08 Feb 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
Issuer symbol
ULCC
Transactions as of
08 Feb 2024
Net transactions value
-$18,789
Form type
4
Filing time
12 Feb 2024, 16:10:32 UTC
Previous filing
08 Feb 2024
Next filing
26 Feb 2024
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 +6,054 +19% 38,738 08 Feb 2024 Direct F1, F2
transaction ULCC Common Stock Tax liability $11,906 -1,728 -4.5% $6.89 37,010 08 Feb 2024 Direct F3
transaction ULCC Common Stock Options Exercise +3,475 +9.4% 40,485 08 Feb 2024 Direct F1, F2
transaction ULCC Common Stock Tax liability $6,883 -999 -2.5% $6.89 39,486 08 Feb 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 Options Exercise $0 -6,054 -33% $0.000000 12,109 08 Feb 2024 Common Stock 6,054 Direct F2, F4
transaction ULCC Restricted Stock Units Options Exercise $0 -3,475 -47% $0.000000 3,943 08 Feb 2024 Common Stock 3,475 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 8, 2024, from the vesting of Restricted Stock Units, and does not represent a sale by the Reporting Person.
F4 The remaining Restricted Stock Units vest in two substantially equal annual installments beginning on February 8, 2025.
F5 The remaining Restricted Stock Units vest in two annual installments beginning on February 8, 2025. 2,644 Restricted Stock Units vest in the first installment, followed by 1,299 in the final installment.