Brian H. Franke - May 23, 2024 Form 4 Insider Report for Frontier Group Holdings, Inc. (ULCC)

Role: Director
Signature: /s/ Howard Diamond, as Attorney-in-fact for Brian H. Franke
Stock symbol: ULCC
Transactions as of: May 23, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/28/2024, 04:02 PM
Previous filing: May 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ULCC	Common Stock	Options Exercise		+17.7K	+0.4%		4.47M	May 23, 2024	Direct	F1, F2
holding	ULCC	Common Stock						1.24M	May 23, 2024	By Family Trust	F2, 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	-17.7K	-100%	$0.00^*	0	May 23, 2024	Common Stock	17.7K		Direct	F1, F4
transaction	ULCC	Restricted Stock Units	Award	$0	+25K		$0.00	25K	May 23, 2024	Common Stock	25K		Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock. The Restricted Stock Units have no expiration date.
F2	Includes shares received pursuant to a pro-rata distribution in-kind by Indigo Frontier Holdings Company, LLC to its members for no consideration.
F3	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 purposes.
F4	The Restricted Stock Units have fully vested as of May 23, 2024.
F5	The Restricted Stock Units will vest in full on the earlier of May 23, 2025 or immediately prior to the next annual meeting of stockholders after the grant date, subject to continued service of the Reporting Person through the vesting date.