Torbjorn J. Enqvist - 28 Feb 2026 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
EVP & Chief Operations Officer
Signature
/s/ James Cotton for Torbjorn J. Enqvist
Issuer symbol
UAL
Transactions as of
28 Feb 2026
Net transactions value
-$1,575,472
Form type
4
Filing time
03 Mar 2026, 18:02:41 UTC
Previous filing
18 Feb 2026
Next filing
06 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Enqvist Torbjorn J EVP & Chief Operations Officer P. O. BOX 66100 HDQLD, CHICAGO /s/ James Cotton for Torbjorn J. Enqvist 03 Mar 2026 0001866177

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Options Exercise $0 +14,105 +13% $0.000000 126,826 28 Feb 2026 Direct F1, F2
transaction UAL Common Stock Options Exercise $0 +14,509 +11% $0.000000 141,335 28 Feb 2026 Direct F1, F3
transaction UAL Common Stock Options Exercise $0 +8,286 +5.9% $0.000000 149,621 28 Feb 2026 Direct F1, F4
transaction UAL Common Stock Tax liability $1,575,472 -14,821 -9.9% $106.30 134,800 28 Feb 2026 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UAL Restricted Stock Units Options Exercise $0 -14,105 -100% $0.000000 0 28 Feb 2026 Common Stock 14,105 Direct F1, F2, F6
transaction UAL Restricted Stock Units Options Exercise $0 -14,509 -50% $0.000000 14,509 28 Feb 2026 Common Stock 14,509 Direct F1, F3, F6
transaction UAL Restricted Stock Units Options Exercise $0 -8,286 -33% $0.000000 16,572 28 Feb 2026 Common Stock 8,286 Direct F1, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement upon vesting of restricted stock units ("RSUs") into UAL common stock.
F2 The RSUs were granted on April 4, 2023 and vest in one-third (1/3) substantially equal annual installments on February 28, 2024, February 28, 2025 and February 28, 2026.
F3 The RSUs were granted on February 29, 2024 and vest in one-third (1/3) substantially equal annual installments on February 28, 2025, February 28, 2026 and February 28, 2027.
F4 The RSUs were granted on February 28, 2025 and vest in one-third (1/3) substantially equal annual installments on February 28, 2026, February 28, 2027 and February 28, 2028.
F5 This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU awards referenced in footnotes 2 - 4, above.
F6 Each RSU represents the economic equivalent of one share of UAL common stock and shall be settled in shares of UAL common stock upon vesting.