Bricker Jude 4

What Happened

• Jude Bricker, Chief Executive Officer of Sun Country Airlines Holdings, LLC (formerly Sun Country Airlines Holdings, Inc.), reported multiple dispositions and equity conversions on May 13, 2026 in connection with the merger of Sun Country into Allegiant Travel Company. The Form 4 shows a disposition of 167,982 Sun Country common shares and additional derivative/award transactions (1,411,492 shares and 294,913 shares) plus a reported grant/acquisition of 294,913 derivative shares that were immediately disposed. The filing lists prices as N/A because these were corporate-merger conversions rather than open-market trades.
• Under the merger terms, each Sun Country common share was converted into $4.10 in cash (the Per Share Cash Consideration) and 0.1557 shares of Allegiant common stock (the Per Share Stock Consideration). The cash portion for the 167,982 Sun Country shares equals about $688,726.20. Many outstanding Sun Country options, RSUs and PRSUs were converted into Allegiant (Parent) awards and, per the footnotes, became fully vested upon the reporting person’s termination of employment.

Key Details

• Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (timely filing).
• Reported transactions on the Form 4 (all tied to the merger): Disposition to issuer (D) — 167,982 shares; Disposition to issuer (D, derivative) — 1,411,492 shares; Grant/Award (A, derivative) — 294,913 shares (acquired) and Disposition to issuer (D, derivative) — 294,913 shares (disposed). Prices reported as N/A on the filing.
• Shares owned after transaction: Filing indicates Sun Country common shares and awards were converted into merger consideration; reporting person’s Sun Country common shares were converted into cash and Allegiant shares/awards per the Merger Agreement (effectively ending holding of Sun Country common stock).
• Notable footnotes: (F1–F2) describe the two-step merger and Sun Country’s name change to Sun Country Airlines Holdings, LLC; (F3–F6) explain conversion mechanics: direct shares converted into $4.10 cash + 0.1557 Allegiant shares; RSUs, PRSUs and options were converted into Allegiant awards/options (adjusted by exchange ratios) and became fully vested upon the reporting person’s termination.
• Filing timeliness: Not late (transaction May 13; Form 4 filed May 15).

Context

• These were merger-related conversions/settlements, not open-market buying or selling. The reported "dispositions" reflect conversion/settlement of Sun Country equity into the merger consideration (cash and Allegiant stock) and conversion/vesting of derivative awards, rather than routine insider sales for liquidity.
• For retail investors: such filings document how insider equity was handled in the transaction — they do not by themselves signal buy/sell views on the surviving company.