Peterson Gail 4

What Happened

• Gail Peterson, a director of Sun Country Airlines Holdings, LLC, recorded a disposition of 34,278 Sun Country shares on May 13, 2026. The disposition occurred as part of the merger with Allegiant: outstanding Sun Country common shares and vested RSUs were converted into merger consideration rather than an open‑market sale.
• The filing shows the converted consideration consisted of $4.10 in cash per Sun Country share and 0.1557 shares of Allegiant common stock per Sun Country share. Based on the reported share counts (23,888 direct shares + 10,390 RSUs), that equals approximately $140,540 in cash and about 5,337 Allegiant shares in aggregate.

Key Details

• Transaction date: May 13, 2026 (reported on Form 4 filed May 15, 2026).
• Transaction type: Disposition to issuer (conversion pursuant to merger agreement), not an open‑market sale.
• Consideration: $4.10 cash per Sun Country share + 0.1557 Allegiant shares per Sun Country share.
• Shares affected: 23,888 directly held common shares + 10,390 restricted stock units = 34,278 total.
• Shares owned after transaction: No remaining Sun Country common shares reported; reporting person received merger consideration (cash + Allegiant shares) instead.
• Notable footnotes: RSUs vested and were cancelled and converted into the merger consideration (footnotes F3–F4). The company is now Sun Country Airlines Holdings, LLC following the merger (F1–F2).
• Filing timeliness: Transaction date May 13; Form 4 filed May 15 (within the typical 2‑business‑day reporting window).

Context

• This was a corporate merger conversion (Sun Country merged into Allegiant subsidiaries). Dispositions here reflect conversion into merger consideration, not a sale signaling market view by the insider. For retail investors, such transactions primarily document how insider equity was treated in the deal (cash + parent company shares) rather than an independent trade.