Barry Biffle - Feb 7, 2025 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 7, 2025
Transactions value $
-$2,864,849
Form type
4
Date filed
2/11/2025, 04:02 PM
Previous filing
Feb 10, 2025
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 $1.21M +310K +24.16% $3.92 1.59M Feb 7, 2025 Direct
transaction ULCC Common Stock Sale -$4.08M -433K -27.22% $9.42 1.16M Feb 7, 2025 Direct F1, F2
transaction ULCC Common Stock Options Exercise +56.3K +4.86% 1.21M Feb 8, 2025 Direct F3, F4
transaction ULCC Common Stock Options Exercise +9.9K +0.82% 1.22M Feb 8, 2025 Direct F3, F4
holding ULCC Common Stock 48.9K Feb 7, 2025 By Family Trust F5
holding ULCC Common Stock 159K Feb 7, 2025 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 Stock Option (Right to Buy) Options Exercise $0 -310K -100% $0.00 0 Feb 7, 2025 Common Stock 310K $3.92 Direct F6
transaction ULCC Restricted Stock Units Options Exercise $0 -56.3K -50% $0.00 56.3K Feb 8, 2025 Common Stock 56.3K Direct F4, F7
transaction ULCC Restricted Stock Units Options Exercise $0 -9.9K -50% $0.00 9.9K Feb 8, 2025 Common Stock 9.9K Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 14, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.38 to $9.44, inclusive. The Reporting Person undertakes to provide to Frontier Group Holdings, Inc., any security holder of Frontier Group Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
F3 Relates solely to the settlement of previously granted Restricted Stock Units upon vesting. No shares were sold by the Reporting Person.
F4 Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock. The Restricted Stock Units have no expiration date.
F5 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.
F6 The stock options are fully vested and exercisable.
F7 The remaining Restricted Stock Units vest on February 8, 2026.