[Form 4] Spirit Airlines, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Spirit Aviation Holdings (FLYY) filed a Form 4 reporting that director Andrea Fischer Newman received 29,535 restricted stock units (RSUs) on 07/22/2025. The transaction was coded “A” (award) at a price of $0.00. After the grant, Ms. Newman now beneficially owns 29,535 common shares, all held directly.

Per the footnote, the RSUs are scheduled to vest 100 % on the first anniversary of the grant date, contingent upon Ms. Newman’s continued board service. No shares were sold and no derivative positions were disclosed. Although the award is not an open-market purchase, it establishes a meaningful equity stake and further aligns the director’s incentives with shareholder interests.

Positive

• Director received 29,535 RSUs, immediately increasing insider ownership to the same amount.
• One-year cliff vesting promotes board member retention and long-term alignment with shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: Director granted 29,535 RSUs, boosting direct ownership and signaling stronger alignment.

The Form 4 reveals a fresh equity grant to director Andrea Fischer Newman. The award represents an initial 29.5 k-share position that vests in one year, encouraging retention and long-term focus. While grants carry less signaling value than open-market buys, they still enlarge insider exposure. No negative indicators—such as sales or option exercises—appear in the filing. Overall, the disclosure is mildly positive for governance and shareholder alignment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Newman Andrea Fischer

(Last) (First) (Middle)

C/O SPIRIT AVIATION HOLDINGS, INC.

1731 RADIANT DRIVE

(Street)

DANIA BEACH FL 33004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Spirit Aviation Holdings, Inc. [ FLYY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/22/2025		A(1)		29,535	A	$0	29,535	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the grant of an award of restricted stock units, which are generally scheduled to vest 100% on the first anniversary of the grant date, subject to the Reporting Person's continued service through such date.

	/s/ Thomas Canfield, as Attorney-In-Fact for Andrea Fischer Newman	07/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did director Andrea Fischer Newman acquire in Spirit Aviation Holdings (FLYY) Form 4?

She was granted 29,535 restricted stock units on 07/22/2025.

How many shares does Ms. Newman now beneficially own after the transaction?

Her beneficial ownership stands at 29,535 common shares, held directly.

When will the newly granted RSUs vest?

The RSUs are scheduled to vest 100 % on the first anniversary of the 07/22/2025 grant date.

Was the transaction an open-market purchase or an equity grant?

It was an equity grant recorded under transaction code "A" (award) at a price of $0.00.

Did the filing disclose any derivative securities?

No, no derivative securities were reported in Table II.