Rakow Diana Birkett - 05 Nov 2021 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: VP PUB AFFRS & SUSTAINABILITY
Signature: /S/JEANNE E. GAMMON, ATTORNEY IN FACT FOR DIANA BIRKETT RAKOW
Issuer symbol: ALK
Transactions as of: 05 Nov 2021
Net transactions value: -$14,303
Form type: 4
Filing time: 08 Nov 2021, 16:35:22 UTC
Next filing: 09 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Options Exercise	$0	+986	+47%	$0.000000	3,088	05 Nov 2021	Direct
transaction	ALK	COMMON STOCK	Tax liability	$14,303	-241	-7.8%	$59.35	2,847	05 Nov 2021	Direct	F2, F3

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	ALK	RESTRICTED STOCK UNITS	Options Exercise	$0	-986	-33%	$0.000000	1,974	05 Nov 2021	COMMON STOCK	986	$0.000000	Direct	F1

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

Explanation of Responses:

Id	Content
F1	RESTRICTED STOCK UNITS VEST ANNUALLY IN EQUAL INSTALLMENTS ON THE FIRST THREE ANNIVERSARIES OF THE GRANT DATE AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.
F2	SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF RESTRICTED STOCK UNITS ON 11/05/2021.
F3	PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF ALK SHARES ON THE DATE SHARES WERE FORFEITED FOR TAXES.