ULCC (NASDAQ: ULCC) Form 144: Indigo Frontier to sell 11.7M shares

Rhea-AI Filing Summary

ULCC filed a Form 144 notice to sell 11,700,000 shares of Common Stock. The shares were acquired 04/05/2024 in a distribution from Indigo Frontier Holdings Company, LLC. The filing lists 229,789,335 and 90,090,000 as additional numeric entries and shows 07/09/2026 on the form.

Insights

Securities Compliance Analyst

TL;DR: This Form 144 notifies a proposed sale of 11,700,000 shares by Indigo Frontier Holdings Company, LLC.

The notice states the shares were acquired on 04/05/2024 in a distribution from Indigo Frontier Holdings Company, LLC, and registers the intent to sell under Rule 144 procedures. The form lists numeric entries 229,789,335 and 90,090,000 which appear as additional form fields.

Rule 144 notices are administrative prerequisites to effecting a sale in the public market; the filing itself does not report completion or proceeds, only the proposed sale and the acquisition date.

Corporate Governance Specialist

TL;DR: The filing attributes the shares to an entity, not an individual, which affects beneficial-ownership interpretation.

The filing names Indigo Frontier Holdings Company, LLC as the acquiring/selling entity and describes the acquisition as a distribution. Footnote-style attribution to an entity suggests that voting and pecuniary interest may rest with that entity rather than a single officer or director.

Investors tracking insider-related sales should treat this as an entity-level disposition notice; the form does not state whether sales occurred within the past three months.

Key Figures

Shares proposed for sale: 11,700,000 Form entry: 229,789,335 Form entry: 90,090,000 +1 more

4 metrics

Shares proposed for sale 11,700,000 Securities to Be Sold; acquired 04/05/2024 from Indigo Frontier Holdings Company, LLC

Form entry 229,789,335 Numeric entry shown on the form

Form entry 90,090,000 Numeric entry shown on the form

Form date field 07/09/2026 Date shown on the filing

Key Terms

Rule 144, distribution, Form 144

3 terms

Rule 144 regulatory

"Securities To Be Sold section referencing proposed sale under Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

distribution financial

"Acquired in connection with a distribution from Indigo Frontier Holdings Company, LLC"

A distribution is a payment or transfer of value from a company, fund, or trust to its shareholders or unit holders, commonly made in cash, additional shares, or other assets. Investors care because distributions provide income, reflect how much cash a business or fund can return to owners, can influence yield and taxable income, and often affect the share price much like a store handing out a portion of its profits to customers.

Form 144 regulatory

"Filer Information and Securities To Be Sold headings on the notice"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

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Available on EDGAR 07/09/2026 - 08:28 PM Accepted by SEC EDGAR 07/09/2026 - 08:27 PM Learn about SEC filing dates

FAQ

What does ULCC's Form 144 notify?

It notifies an intention to sell 11,700,000 common shares. The shares were acquired on 04/05/2024 via a distribution from Indigo Frontier Holdings Company, LLC; the form registers the proposed sale under Rule 144 procedures.

Who is listed as the holder proposing to sell ULCC shares?

Indigo Frontier Holdings Company, LLC is named as the acquirer and the entity associated with the proposed sale. The filing ties the 11,700,000 shares to that entity with an acquisition date of 04/05/2024.

Does the Form 144 state the proceeds or completion of the sale?

No — the filing only notifies a proposed sale. This form records the intent to sell under Rule 144; it does not report sale proceeds, sale execution, or pricing information.

What do the other numbers on the form mean for ULCC?

The filing displays 229,789,335 and 90,090,000 as additional numeric entries. The form lists these figures but does not label them within the provided content; they appear as other form fields shown on the notice.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	BofA Securities Inc. One Bryant Park New York NY 10036	11700000	90090000	229789335	07/09/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	04/05/2024	Acquired in connection with a distribution from Indigo Frontier Holdings Company, LLC.	Indigo Frontier Holdings Company, LLC			11700000	04/05/2024	See Nature of Acquisition Transaction

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)