Form 4 for ALK ALASKA AIR GROUP, INC.

Accepted 2025-09-25 00:00:00 ET · period of report 2025-09-23 · accession 0001999104-25-000009 · 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
D	2025-09-25	2025-09-23	ALK	Berry Jason M	EVP AAG Cargo, Pres Horizon	M - OptEx	$0.00	+2,010	5,939	+51%	$0
D	2025-09-25	2025-09-23	ALK	Berry Jason M	EVP AAG Cargo, Pres Horizon	F - Tax	$54.14	-805	5,432	-13%	-$43.6K
D	2025-09-25	2025-09-23	ALK	Berry Jason M	EVP AAG Cargo, Pres Horizon	M - OptEx	$0.00	-2,010	4,020	-33%	$0

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	2025-09-23	M	A	2,010	$0.00	5,939	D	—	—	(F1) Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
2	Common	COMMON STOCK	2025-09-23	F	D	805	$54.14	5,432	D	—	—	(F2) The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person. (F3) Includes 298 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on April 30, 2025, in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).
3	Derivative	RESTRICTED STOCK UNITS	2025-09-23	M	D	2,010	$0.00	4,020	D	— · — to —	2,010 COMMON STOCK	(F1) Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. (F4) The RSUs are from a grant of 6,030 shares granted on September 23, 2024, of which 2,010 shares vested on September 23, 2025, and of which 2,010 shares will vest on September 23, 2026; and 2,010 shares will vest on September 23, 2027.