Martin H. Nesbitt - Aug 16, 2022 Form 4 Insider Report for American Airlines Group Inc. (AAL)

Role: Director
Signature: /s/ Caroline B. Ray, attorney-in-fact
Stock symbol: AAL
Transactions as of: Aug 16, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/18/2022, 05:23 PM
Previous filing: Jul 25, 2022
Next filing: May 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AAL	Common Stock	Other	$0	+12.3K	+41.4%	$0.00	42.1K	Aug 16, 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On August 16, 2022, the reporting person's revocable trust (the "Trust") withdrew approximately 69% of the units of a family limited liability company, whose sole asset is the Issuer's common stock, from a grantor retained annuity trust (the "GRAT") of which the reporting person is the sole trustee and sole annuitant. In exchange for such units, the Trust contributed to the GRAT a promissory note in the principal amount of $190,067.65. The reporting person believes that this withdrawal of units from the GRAT constitutes a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

Content

On August 16, 2022, the reporting person's revocable trust (the "Trust") withdrew approximately 69% of the units of a family limited liability company, whose sole asset is the Issuer's common stock, from a grantor retained annuity trust (the "GRAT") of which the reporting person is the sole trustee and sole annuitant. In exchange for such units, the Trust contributed to the GRAT a promissory note in the principal amount of $190,067.65. The reporting person believes that this withdrawal of units from the GRAT constitutes a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.