Alejandro Daniel Wolff - 25 May 2022 Form 4 Insider Report for Frontier Group Holdings, Inc. (ULCC)

Role: Director
Signature: /s/ Howard Diamond, as Attorney-in-fact for Alejandro D. Wolff
Issuer symbol: ULCC
Transactions as of: 25 May 2022
Net transactions value: $0
Form type: 4
Filing time: 27 May 2022, 11:39:43 UTC
Previous filing: 05 Aug 2021
Next filing: 05 Jul 2022
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		+7,092	+27%		32,932	25 May 2022	Direct	F1, F2

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	-7,092	-100%	$0.000000^*	0	25 May 2022	Common Stock	7,092		Direct	F2, F3
transaction	ULCC	Restricted Stock Units	Award	$0	+14,574		$0.000000	14,574	25 May 2022	Common Stock	14,574		Direct	F4, 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	The Restricted Stock Units have fully vested as of May 25, 2022.
F4	Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock and may be settled in cash or shares at the option of the Issuer, subject to certain material contingencies.
F5	The Restricted Stock Units will vest in full on the earlier of May 25, 2023 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. The Restricted Stock Units have no expiration date.