Apollo affiliate sells 4M shares of Sun Country Airlines; company buys back 312,500 shares

Sun Country Airlines Holdings, Inc.

Selling Stockholder (Apollo funds) sold 4,000,000 shares in secondary offering; underwriters have a 30-day option for 600,000 more.
Company received no proceeds from the offering; all shares sold by the Selling Stockholder.
Company concurrently repurchased 312,500 shares from underwriters at the offering price using existing cash.
Repurchase approved by independent board members; reduces remaining availability under stock repurchase program.
Offering completed December 14, 2023; underwritten by multiple underwriters with full over-allotment option.

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