William A. Franke - May 25, 2023 Form 4 Insider Report for Frontier Group Holdings, Inc. (ULCC)

Role
Director, Chairman of the Board, 10%+ Owner
Signature
/s/ Howard Diamond, as Attorney-in-fact for William A. Franke
Stock symbol
ULCC
Transactions as of
May 25, 2023
Transactions value $
$0
Form type
4
Date filed
5/30/2023, 12:51 PM
Previous filing
May 27, 2022
Next 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 +14.6K +205.5% 21.7K May 25, 2023 Direct F1, F2
holding ULCC Common Stock 179M May 25, 2023 See Footnote 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 -14.6K -100% $0.00* 0 May 25, 2023 Common Stock 14.6K Direct F2, F4
transaction ULCC Restricted Stock Units Award $0 +17.7K $0.00 17.7K May 25, 2023 Common Stock 17.7K 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 These shares are held directly by Indigo Frontier Holdings Company, LLC. The reporting person is the sole member of Indigo Denver Management Company, LLC, which is the managing member of Indigo Frontier Holdings Company, LLC, and as such, the reporting person has voting and dispositive power over these shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F4 The Restricted Stock Units have fully vested as of May 25, 2023.
F5 The Restricted Stock Units will vest in full on May 25, 2024, subject to continued service of the Reporting Person through the vesting date.