Salcido Anthony David 4

What Happened

• Anthony David Salcido, a director of Frontier Group Holdings, Inc. (ULCC), had derivative activity and an award on May 14, 2026. The Form 4 reports conversion/exercise of derivative securities covering 6,721 shares (transaction code M) and a grant/acquisition of 32,990 restricted stock units (RSUs) (transaction code A). Prices reported for the RSU grant and the derivative disposition are $0.00; one derivative acquisition line shows price N/A. The filing shows no cash value for these entries.

Key Details

• Transaction date: May 14, 2026.
• Transactions reported: M (exercise/conversion of derivative) — 6,721 shares acquired and also shown as 6,721 shares disposed at $0.00; A (award/grant) — 32,990 RSUs granted/acquired at $0.00.
• Price/value: All reported at $0.00 or N/A in the filing; no cash consideration shown.
• Shares owned after transaction: Not specified in the provided summary.
• Footnotes: F1 — Each RSU equals a contingent right to one share; no expiration. F2 — The RSUs have fully vested as of May 14, 2026. F3 — (General vesting language) RSUs would vest in full on the earlier of May 14, 2027 or immediately prior to the next annual meeting, subject to continued service.
• Timeliness: Form filed 2026-05-18 for a 2026-05-14 transaction — filing appears timely (within the SEC’s 2-business-day Form 4 deadline).

Context

• Transaction code M indicates conversion or exercise of a derivative security (e.g., option or similar instrument); the filing shows both acquisition and a $0.00 disposition line for the same 6,721 shares. The Form does not specify the mechanism (cashless exercise, tax withholding, transfer, etc.).
• The A-code entries are RSU awards. RSUs are not immediate purchases or sales—they are a compensation award that converts to shares under the stated terms; here the filing indicates those RSUs are fully vested as of the transaction date.