[Form 4] Sun Country Airlines Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider sale to cover taxes, CEO retains majority stake. Sun Country Airlines Holdings, Inc. director and Chief Executive Officer Jude Bricker reported a non-discretionary sale of 2,139 shares of Common Stock on 10/02/2025 at a price of $11.6939 per share to satisfy tax withholding tied to the vesting of restricted stock units. After the transaction, Mr. Bricker beneficially owns 123,347 shares directly. The filing was signed by an attorney-in-fact on 10/06/2025.

Positive

• Non-discretionary sell-to-cover clarifies the sale was for tax withholding, not an active divestment decision
• Substantial remaining ownership: reporting person retains 123,347 shares after the transaction

Negative

• Reduction of holdings by 2,139 shares due to the tax-related sale

Insights

Corporate Insider Relations Analyst

TL;DR: A routine sell-to-cover tax sale by the CEO reduced holdings slightly; core ownership remains substantial.

The transaction is described as a sell-to-cover executed to satisfy tax withholding from restricted stock unit vesting, which means the sale was not a discretionary open-market trade; it converted vested equity to cash solely to meet tax obligations. The reported sale of 2,139 shares at $11.6939 per share is explicitly linked to tax withholding rather than an active decision to reduce exposure.

The CEO still reports direct ownership of 123,347 shares, indicating ongoing alignment with shareholders. Watch for future filings around equity vesting dates and any subsequent open-market trades for signals of changing insider sentiment within the next few reporting periods.

Equity Ownership Impact Specialist

TL;DR: The sale is small relative to total holdings and likely immaterial to control or voting power.

Quantitatively, the reported disposal of 2,139 shares represents a modest reduction from the post-transaction holding of 123,347 shares. There is no indication in the filing of derivative transactions or additional dispositions, and the ownership form is listed as Direct, which clarifies immediate voting exposure.

For investors, the key near-term metric is whether future filings show discretionary open-market sales or additional vesting-driven sell-to-cover events; absent those, the ownership change in this filing is unlikely to affect governance or control in the short term.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bricker Jude

(Last) (First) (Middle)

C/O SUN COUNTRY AIRLINES HOLDINGS, INC.

2005 CARGO ROAD

(Street)

MINNEAPOLIS MN 55450

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sun Country Airlines Holdings, Inc. [ SNCY ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

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, par value $0.01 per share	10/02/2025		S		2,139(1)	D	$11.6939	123,347	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 number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated to satisfy the tax withholding obligations which are funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.

	/s/ Rose Neale, attorney-in-fact for Jude Bricker	10/06/2025
	** 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 Jude Bricker (SNCY) report on Form 4?

He reported a sale of 2,139 shares on 10/02/2025 at $11.6939 per share to cover tax withholding from vested restricted stock units.

Was the sale by Jude Bricker a discretionary trade?

No. The filing states the sale was a mandatory sell-to-cover to satisfy tax withholding obligations tied to vesting.

How many shares does Jude Bricker own after the reported transaction?

123,347 shares of Common Stock are beneficially owned following the reported sale.

What roles does the reporting person hold at Sun Country Airlines Holdings (SNCY)?

Jude Bricker is listed as both a Director and the Chief Executive Officer.

When was the Form 4 signed?

The form was signed by an attorney-in-fact on 10/06/2025.