Form 4 for ALK ALASKA AIR GROUP, INC.

Accepted 2026-05-14 17:56:40 ET · period of report 2026-05-13 · accession 0001841043-26-000002 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2026-05-14 17:56	2026-05-13	ALK	ELWELL DANIEL KEVIN	Dir	A - Grant	$38.56	+5,186	18.3K	+39%	+$200.0K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	COMMON STOCK	2026-05-13	A	A	2,593	$38.56	15,725	D	—	—	(F1) Shares of Alaska Air Group, Inc. (the "Issuer") common stock granted under the Issuer's 2016 Performance Incentive Plan ("2016 PIP") in connection with the reporting person's re-election to serve on the Issuer's Board of Directors until the 2027 Annual Stockholders Meeting.
2	Common	COMMON STOCK	2026-05-13	A	A	2,593	$38.56	18,318	D	—	—	(F2) Deferred stock units (DSUs) granted under the Issuer's 2016 PIP in connection with the reporting person's re-election to serve on the Issuer's Board of Directors until the 2027 Annual Stockholders Meeting. The DSUs are 100% vested and payable in shares of the Issuer's common stock on a one-for-one basis following the resignation of the reporting person from the Issuer's Board of Directors. (F3) Total held in column 5 includes 9,715 DSUs previously granted under the Issuers 2016 PIP. The DSUs are 100% vested on the date of grant and issuable in common shares upon resignation from the Issuer's Board of Directors.