[Form 4] Frontier Group Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Alexandre Clerc, Senior Vice President, Customers at Frontier Group Holdings, Inc. (ULCC), reported an insider sale on 08/26/2025. The filing shows 5,485 shares sold at a price of $4.581 per share, leaving 6,427 shares beneficially owned following the transaction. The Form 4 was signed by an attorney-in-fact on 08/28/2025. The report is a routine Section 16 disclosure documenting a direct disposition of common stock by an officer.

Positive

• None.

Negative

• Officer disposition: SVP Alexandre Clerc sold 5,485 shares, which may be viewed negatively by some investors even if not material.
• Reduced insider stake: The sale reduced the reporting person’s holdings to 6,427 shares, lowering insider ownership concentration.

Insights

Securities Analyst

TL;DR: Officer sold a modest number of shares; filing is a routine disclosure with limited immediate market impact.

The Form 4 documents a direct sale of 5,485 common shares by SVP Alexandre Clerc at $4.581 per share, reducing his holdings to 6,427 shares. As a single transaction by an officer, this is a standard Section 16 disclosure required to report changes in beneficial ownership. Without additional context—such as size relative to total outstanding shares or a pattern of sales—this action alone appears informational rather than materially negative or positive for investors.

Corporate Governance Expert

TL;DR: The filing is compliant and routine; no governance red flags apparent from this isolated sale.

The Form 4 is properly executed and signed by an attorney-in-fact, showing transparency in insider reporting. The sale was reported within the expected filing timeframe and identifies the reporting person and relationship to the issuer. There is no evidence in this filing of related-party transactions, derivatives, or unusual arrangements; therefore, from a governance perspective, it is a standard disclosure.

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^*

Clerc Alexandre

(Last) (First) (Middle)

C/O FRONTIER GROUP HOLDINGS, INC.

4545 AIRPORT WAY

(Street)

DENVER CO 80239

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Frontier Group Holdings, Inc. [ ULCC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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	08/26/2025		S		5,485	D	$4.581	6,427	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:

Remarks:

	/s/Howard Diamond, as Attorney-in-fact for Alexandre Clerc	08/28/2025
	** 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 Alexandre Clerc report in the ULCC Form 4?

The filing reports a sale of 5,485 shares of Frontier Group Holdings common stock on 08/26/2025 at $4.581 per share, leaving 6,427 shares beneficially owned.

What is the reporting person’s role at ULCC?

The Form 4 identifies the reporting person as SVP, Customers (an officer) of Frontier Group Holdings, Inc.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney-in-fact on 08/28/2025 documenting the 08/26/2025 transaction.

Does this Form 4 report any derivative transactions?

No. Table II (derivative securities) contains no entries; only a direct sale of common stock is reported.

Is this sale reported as direct or indirect ownership change?

The filing reports the sale and remaining shares as Direct (D) beneficial ownership.