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

Role: Director, Chair of the Board, 10%+ Owner
Signature: /s/ William A. Franke
Stock symbol: ULCC
Transactions as of: May 23, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/28/2024, 06:29 PM
Previous filing: Apr 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ULCC	Common Stock	Options Exercise		+17.7K	+0.03%		67.3M	May 23, 2024	Direct	F1
holding	ULCC	Common Stock						32M	May 23, 2024	By Indigo Denver Management Company, LLC	F2
holding	ULCC	Common Stock						117K	May 23, 2024	By Indigo Partners LLC
holding	ULCC	Common Stock						82.4K	May 23, 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	-17.7K	-100%	$0.00^*	0	May 23, 2024	Common Stock	17.7K		Direct	F1, F3
transaction	ULCC	Restricted Stock Units	Award	$0	+25K		$0.00	25K	May 23, 2024	Common Stock	25K		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Issuer Common Stock. The RSUs have no expiration date.
F2	These shares are held directly by Indigo Denver Management Company, LLC. William A. Franke is the sole member of Indigo Denver Management Company, LLC, and as such, may be deemed to have voting and dispositive power over these shares. Mr. Franke disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F3	The RSUs have fully vested as of May 23, 2024.
F4	The RSUs 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.