Ursula L. Hurley - 25 Feb 2022 Form 4 Insider Report for JETBLUE AIRWAYS CORP (JBLU)

Role: Chief Financial Officer
Signature: /s/ Ursula Hurley
Issuer symbol: JBLU
Transactions as of: 25 Feb 2022
Net transactions value: -$37,987
Form type: 4
Filing time: 01 Mar 2022, 09:28:32 UTC
Previous filing: 03 Nov 2021
Next filing: 04 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JBLU	Common Stock	Options Exercise		+1,741	+28%		7,907	25 Feb 2022	Direct	F1
transaction	JBLU	Common Stock	Tax liability	$9,508	-628	-7.9%	$15.14	7,279	25 Feb 2022	Direct	F4
transaction	JBLU	Common Stock	Options Exercise		+2,416	+33%		9,695	25 Feb 2022	Direct	F1
transaction	JBLU	Common Stock	Tax liability	$13,192	-850	-8.8%	$15.52	8,845	25 Feb 2022	Direct	F4
transaction	JBLU	Common Stock	Options Exercise		+2,740	+31%		11,585	25 Feb 2022	Direct	F1
transaction	JBLU	Common Stock	Tax liability	$15,287	-985	-8.5%	$15.52	10,600	25 Feb 2022	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	JBLU	Restricted Stock Units	Options Exercise		-2,416	-100%		0	25 Feb 2022	Common Stock	2,416		Direct	F1, F2
transaction	JBLU	Restricted Stock Units	Options Exercise		-2,740	-50%		2,740	25 Feb 2022	Common Stock	2,740		Direct	F1, F3
transaction	JBLU	Restricted Stock Units	Options Exercise		-1,741	-33%		3,483	25 Feb 2022	Common Stock	1,741		Direct	F1, F5

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

Explanation of Responses:

Id	Content
F1	Upon vesting, the Reporting Person is entitled to receive one share of common stock for each restricted stock unit.
F2	The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of February 25, 2019.
F3	The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of February 25, 2020.
F4	These shares were automatically withheld and returned to JetBlue to cover tax obligations upon RSU vesting, in accordance with JetBlue policy for all RSU vesting of RSU eligible employees in the United States.
F5	The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of February 25, 2021.