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Frontier Group (NASDAQ: ULCC) SVP RSUs vest, shares withheld for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Frontier Group Holdings, Inc. executive Alexandre Clerc, SVP, Customers, reported restricted stock unit (RSU) vesting and related tax withholding transactions. On January 8, 2026, RSUs covering 47,081 and 9,416 units were converted into the same number of shares of common stock at an exercise price of $0.00 per share, reflecting previously granted awards.

The company withheld 15,741 and 2,707 shares of common stock at $4.73 per share solely to satisfy tax withholding obligations; the filing states these withholdings do not represent sales by the reporting person. After the transactions, Clerc beneficially owned 40,676 shares of common stock. Remaining RSUs of 94,162 vest in two substantially equal annual installments beginning on January 8, 2027, and 9,417 RSUs fully vest on January 8, 2027.

Positive

  • None.

Negative

  • None.
Insider Clerc Alexandre
Role SVP, Customers
Type Security Shares Price Value
Exercise Restricted Stock Units 47,081 $0.00 --
Exercise Restricted Stock Units 9,416 $0.00 --
Exercise Common Stock 47,081 $0.00 --
Tax Withholding Common Stock 15,741 $4.73 $74K
Exercise Common Stock 9,416 $0.00 --
Tax Withholding Common Stock 2,707 $4.73 $13K
Holdings After Transaction: Restricted Stock Units — 94,162 shares (Direct); Common Stock — 49,708 shares (Direct)
Footnotes (1)
  1. Relates solely to the settlement of previously granted Restricted Stock Units upon vesting. No shares were sold by the Reporting Person. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock. The Restricted Stock Units have no expiration date. Represents shares of Issuer Common Stock withheld by the Issuer solely to satisfy tax withholding obligations in connection with the net issuance of shares of Issuer Common Stock delivered to the Reporting Person on January 8, 2026, from the vesting of Restricted Stock Units, and does not represent a sale by the Reporting Person. The remaining Restricted Stock Units vest in two substantially equal annual installments beginning on January 8, 2027. The remaining Restricted Stock Units fully vest on January 8, 2027.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Clerc Alexandre

(Last) (First) (Middle)
C/O FRONTIER GROUP HOLDINGS, INC.
4545 AIRPORT WAY

(Street)
DENVER CO 80239

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Frontier Group Holdings, Inc. [ ULCC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, Customers
3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/08/2026 M(1) 47,081 A (2) 49,708 D
Common Stock 01/08/2026 F 15,741(3) D $4.73 33,967 D
Common Stock 01/08/2026 M(1) 9,416 A (2) 43,383 D
Common Stock 01/08/2026 F 2,707(3) D $4.73 40,676 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) 01/08/2026 M 47,081 (4) (2) Common Stock 47,081 $0.00 94,162 D
Restricted Stock Units (2) 01/08/2026 M 9,416 (5) (2) Common Stock 9,416 $0.00 9,417 D
Explanation of Responses:
1. Relates solely to the settlement of previously granted Restricted Stock Units upon vesting. No shares were sold by the Reporting Person.
2. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock. The Restricted Stock Units have no expiration date.
3. Represents shares of Issuer Common Stock withheld by the Issuer solely to satisfy tax withholding obligations in connection with the net issuance of shares of Issuer Common Stock delivered to the Reporting Person on January 8, 2026, from the vesting of Restricted Stock Units, and does not represent a sale by the Reporting Person.
4. The remaining Restricted Stock Units vest in two substantially equal annual installments beginning on January 8, 2027.
5. The remaining Restricted Stock Units fully vest on January 8, 2027.
Remarks:
/s/Howard Diamond, as Attorney-in-fact for Alexandre Clerc 01/09/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Form 4 for Frontier Group Holdings (ULCC) report about Alexandre Clerc?

It reports that Alexandre Clerc, SVP, Customers of Frontier Group Holdings, Inc., had previously granted Restricted Stock Units (RSUs) vest on January 8, 2026, converting into shares of common stock with associated tax withholding.

Did Alexandre Clerc sell Frontier Group Holdings (ULCC) shares in this Form 4 filing?

The filing states that the RSU settlements and related share movements involved no shares sold by the reporting person. Shares identified with code F were withheld by the issuer solely to satisfy tax withholding obligations, and are expressly described as not representing a sale by Clerc.

How many Frontier Group Holdings common shares did Alexandre Clerc hold after the reported transactions?

Following the reported RSU settlements and tax withholdings on January 8, 2026, Alexandre Clerc beneficially owned 40,676 shares of Frontier Group Holdings, Inc. common stock in direct ownership.

What RSUs for Frontier Group Holdings (ULCC) does Alexandre Clerc still hold and when do they vest?

After the transactions, Clerc held 94,162 RSUs that vest in two substantially equal annual installments beginning on January 8, 2027, and an additional 9,417 RSUs that fully vest on January 8, 2027.

What was the tax withholding treatment in this Frontier (ULCC) Form 4 for Alexandre Clerc?

The filing notes that 15,741 and 2,707 shares of Frontier Group Holdings common stock were withheld by the issuer at $4.73 per share solely to satisfy tax withholding obligations, and that these withholdings do not represent sales by the reporting person.

What is the nature of Alexandre Clerc’s position and ownership form in Frontier Group Holdings (ULCC)?

Alexandre Clerc is reported as an officer of Frontier Group Holdings, Inc. with the title SVP, Customers. The Form 4 shows his reported holdings as direct ownership (D) of both common stock and RSUs.