Franke Brian H. 4

What Happened Brian H. Franke, a director of Frontier Group Holdings, reported converting/exercising 34,230 derivative awards (transaction code M) on May 14, 2026 and a concurrent reported disposition of 34,230 derivative units at $0.00. The filing also shows a grant/award of 32,990 restricted stock units (RSUs) to Mr. Franke on the same date, reported at $0.00. No cash proceeds or per-share sale price are reported for the derivative conversion/disposition.

Key Details

• Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (within the 2-business-day reporting window).
• Converted/exercised (M): 34,230 shares — acquired (conversion) and a parallel reporting line shows 34,230 shares disposed at $0.00 (reported as derivative).
• Grant/award (A): 32,990 RSUs granted at $0.00 (derivative award).
• Footnotes of note:
  • F1: Each RSU represents a contingent right to receive one share of common stock; RSUs have no expiration.
  • F2: The reporting person disclaims beneficial ownership of the shares listed.
  • F3: The RSUs referenced in the filing have fully vested as of May 14, 2026.
  • F4: (For award language) RSUs generally vest in full by the earlier of May 14, 2027 or before the next annual meeting, subject to continued service.
• Shares owned after the transactions are not specified in the provided filing excerpt.

Context

• Transaction code M denotes exercise or conversion of derivative securities (e.g., vested RSUs or options). The reported $0.00 disposal typically indicates a non‑cash settlement/transfer or conversion rather than an open‑market sale for cash; the filing does not show any market sale proceeds.
• Grants of RSUs (award code A) are compensation and not the same as a purchase; they do not by themselves signal a buy or sell decision by the insider.
• This filing appears timely (filed May 18 for May 14 transactions). No 10b5-1 plan, tax‑withholding sale, or late‑filing flag is indicated in the provided data.