Barry Biffle - Oct 25, 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
Oct 25, 2024
Transactions value $
-$715,722
Form type
4
Date filed
10/29/2024, 06:02 PM
Previous filing
Apr 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ULCC Common Stock Options Exercise +234K +28.83% 1.05M Oct 25, 2024 Direct F1, F2
transaction ULCC Common Stock Tax liability -$716K -103K -9.79% $6.98 945K Oct 25, 2024 Direct F3
holding ULCC Common Stock 48.9K Oct 25, 2024 By Family Trust F4
holding ULCC Common Stock 159K Oct 25, 2024 By Spouse

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 -234K -33.33% $0.00 469K Oct 25, 2024 Common Stock 234K 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 October 25, 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 remaining Restricted Stock Units vest in two substantially equal annual installments beginning on October 25, 2025.