Barry Biffle - Feb 23, 2024 Form 4 Insider Report for Frontier Group Holdings, Inc. (ULCC)

Role
CEO, Director
Signature
/s/ Howard Diamond, as Attorney-in-fact for Barry L. Biffle
Stock symbol
ULCC
Transactions as of
Feb 23, 2024
Transactions value $
-$166,719
Form type
4
Date filed
2/26/2024, 03:36 PM
Previous filing
Feb 12, 2024
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ULCC Common Stock Options Exercise +52.5K +5.93% 938K Feb 23, 2024 Direct F1, F2
transaction ULCC Common Stock Tax liability -$167K -23K -2.45% $7.26 915K Feb 23, 2024 Direct F3
holding ULCC Common Stock 78.4K Feb 23, 2024 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 Restricted Stock Units Options Exercise $0 -52.5K -100% $0.00* 0 Feb 23, 2024 Common Stock 52.5K 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 23, 2024, from the vesting of Restricted Stock Units, and does not represent a sale by the Reporting Person.
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 Restricted Stock Units have fully vested as of February 23, 2024.