Barry Biffle - Jun 8, 2023 Form 4 Insider Report for Frontier Group Holdings, Inc. (ULCC)

Signature
/s/ Howard Diamond, as Attorney-in-fact for Barry L. Biffle
Stock symbol
ULCC
Transactions as of
Jun 8, 2023
Transactions value $
-$3,472,212
Form type
4
Date filed
6/12/2023, 08:01 PM
Previous filing
Jun 8, 2023
Next filing
Aug 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ULCC Common Stock Options Exercise $26.3K +100K +8.83% $0.26* 1.23M Jun 8, 2023 Direct
transaction ULCC Common Stock Sale -$922K -100K -8.12% $9.22 1.13M Jun 8, 2023 Direct F1, F2
transaction ULCC Common Stock Sale -$853K -92.4K -36.38% $9.23 162K Jun 8, 2023 By Family Trust F3, F4
transaction ULCC Common Stock Options Exercise $64K +243K +21.48% $0.26* 1.38M Jun 9, 2023 Direct
transaction ULCC Common Stock Sale -$1.03M -111K -8.09% $9.22 1.26M Jun 9, 2023 Direct F1, F5
transaction ULCC Common Stock Sale -$760K -82.6K -51.13% $9.20 78.9K Jun 9, 2023 By Family Trust F4, F6

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 Options (Right to buy) Options Exercise $0 -100K -22.56% $0.00 343K Jun 8, 2023 Common Stock 100K $0.26 Direct F7
transaction ULCC Stock Options (Right to buy) Options Exercise $0 -243K -70.87% $0.00 100K Jun 9, 2023 Common Stock 243K $0.26 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to satisfy the exercise price and tax withholding obligations incident to the exercise of employee stock options.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.20 to $9.28, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.20 to $9.27, 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.
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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.18 to $9.28, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.20 to $9.24, 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.
F7 The stock options are fully vested and exercisable.