William F. Oplinger - 16 Nov 2021 Form 4 Insider Report for Alcoa Corp (AA)

Role: EVP & CFO
Signature: /s/ Marissa P. Earnest, attorney-in-fact for William F. Oplinger
Issuer symbol: AA
Transactions as of: 16 Nov 2021
Net transactions value: -$5,953,336
Form type: 4
Filing time: 18 Nov 2021, 15:33:46 UTC
Next filing: 26 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AA	Common Stock, par value $0.01 per share	Options Exercise	$339,237	+22,466	+12%	$15.10	207,816	16 Nov 2021	Direct
transaction	AA	Common Stock, par value $0.01 per share	Options Exercise	$1,210,658	+32,130	+15%	$37.68	239,946	16 Nov 2021	Direct
transaction	AA	Common Stock, par value $0.01 per share	Options Exercise	$548,379	+19,613	+8.2%	$27.96	259,559	16 Nov 2021	Direct
transaction	AA	Common Stock, par value $0.01 per share	Sale	$8,051,611	-166,369	-64%	$48.40	93,190	16 Nov 2021	Direct	F1
holding	AA	Common Stock, par value $0.01 per share						531	16 Nov 2021	By Company 401(k) Plan	F2

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	AA	Employee Stock Option (right to buy)	Options Exercise	$0	-22,466	-100%	$0.000000^*	0	16 Nov 2021	Common Stock	22,466	$15.10	Direct	F3
transaction	AA	Employee Stock Option (right to buy)	Options Exercise	$0	-32,130	-100%	$0.000000^*	0	16 Nov 2021	Common Stock	32,130	$37.68	Direct	F3
transaction	AA	Employee Stock Option (right to buy)	Options Exercise	$0	-19,613	-67%	$0.000000	9,807	16 Nov 2021	Common Stock	19,613	$27.96	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $48.0500 - $48.7900. The reporting person undertakes to provide to Alcoa Corporation, any security holder of Alcoa Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
F2	Fluctuations in 401(k) share amounts reflect the plan's unit reporting method; units represent interests in the Company's stock fund.
F3	This option vested in equal installments over three years beginning on the date shown.
F4	This option was part of an option grant vesting in three equal annual installments beginning on the date shown. The installments exercised by the reporting person as reported herein vested on January 24, 2020 and January 24, 2021.