SEC Form 4 · accession 0001451455-26-000013

ALASKA AIR GROUP, INC. · ALK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO AND PRESIDENT · Director

Period of report

Sep 22, 2026

Accepted (ET)

Sep 24, 2026 · 5:31 pm EDT

Rule 10b5-1 plan

box not checked

Issuer CIK

0000766421

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
COMMON STOCK^F2	Sep 22, 2026	M	2,698	$0.00	A	259,280	D
COMMON STOCK	Sep 22, 2026	F	2,698	$49.91	D	256,582	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
RESTRICTED STOCK UNITS^F2,F3	—	Sep 22, 2026	M	2,698	D	—	—	COMMON STOCK	2,698	69,612	D

F1The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
F2Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
F3The RSUs being disposed were from a grant of 72,310 RSUs that subsequent to the reported transaction will now vest in three annual installments as follows: 21,405 shares on February 10, 2027; 24,103 shares on February 10, 2028; and 24,104 shares on February 10, 2029.