We'd be surprised if Frontier Group Holdings, Inc. (NASDAQ:ULCC) shareholders haven't noticed that the Independent Director, Josh Connor, recently sold US$351k worth of stock at US$5.85 per share. That sale was 17% of their holding, so it does make us raise an eyebrow.

Frontier Group Holdings Insider Transactions Over The Last Year

Notably, that recent sale by Josh Connor is the biggest insider sale of Frontier Group Holdings shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$5.81. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Insiders in Frontier Group Holdings didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership Of Frontier Group Holdings

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Frontier Group Holdings insiders own about US$464m worth of shares (which is 35% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Frontier Group Holdings Insider Transactions Indicate?

Insiders sold Frontier Group Holdings shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Frontier Group Holdings.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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