Linda P. Jojo - 14 Jun 2021 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role: EVP, Tech & Chief Digital Ofcr
Signature: /s/ Sarah Hagy for Linda P. Jojo
Issuer symbol: UAL
Transactions as of: 14 Jun 2021
Net transactions value: -$53,120
Form type: 4
Filing time: 16 Jun 2021, 18:08:39 UTC
Next filing: 01 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UAL	Common Stock	Options Exercise	$0	+2,149	+13%	$0.000000	19,325	14 Jun 2021	Direct	F2, F3
transaction	UAL	Common Stock	Tax liability	$53,120	-953	-4.9%	$55.74	18,372	14 Jun 2021	Direct	F4

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	-2,149	-50%	$0.000000	2,149	14 Jun 2021	Common Stock	2,149		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents the economic equivalent of one share of UAL common stock and is settled in shares of UAL common stock upon vesting.
F2	Represents the settlement upon vesting of RSUs into UAL common stock.
F3	The RSUs were granted on June 14, 2017 and vest in 1/3 annual installments on June 14, 2020, 2021 and 2022.
F4	This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU award granted on June 14, 2017.