Stedke Trevor J. 4

What Happened

• Trevor J. Stedke, Senior Vice President, Operations at Frontier Group Holdings (ULCC), had performance shares vest and received a grant of restricted stock units on Feb 5, 2026. He acquired 2,536 vested shares (PSUs) and was granted 61,947 RSUs (derivative award). On Feb 6, 2026, 1,109 of the vested shares were disposed (withheld/sold) at $5.65 each to satisfy taxes, generating about $6,266. Net from the PSU vesting he retained 1,427 vested shares and also holds 61,947 RSUs that are unvested.

Key Details

• Transaction dates/prices:
  • Feb 5, 2026: 2,536 shares vested/acquired (PSUs) at $0.00 (vested award).
  • Feb 5, 2026: 61,947 Restricted Stock Units (RSUs) granted as derivative awards (no immediate cash value).
  • Feb 6, 2026: 1,109 shares disposed/withheld at $5.65 each for $6,266 (tax withholding).
• Shares owned after transactions (per filing data): retained 1,427 vested shares after withholding; holds 61,947 RSUs (unvested) that represent rights to future shares.
• Footnotes: F1 = PSUs granted Feb 6, 2025 and partially vested Feb 5, 2026 based on performance; F2 = shares withheld to satisfy taxes; F3/F4 = RSUs represent one share each and vest in three equal annual installments beginning Feb 5, 2027.
• Filing: Report filed Feb 9, 2026 (within the standard two-business-day Form 4 reporting window).

Context

• This filing reflects a routine vesting of performance-based shares and a tax-withholding disposition—not an open-market sale for investment purposes. The RSUs are unvested and will vest over the next three years (starting Feb 5, 2027) if conditions are met, while the PSU vesting reported here was tied to Frontier's relative total shareholder return vs. peers.