Andrew R. Harrison - 05 Nov 2021 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: EVP & CCO
Signature: /S/ JEANNE E GAMMON, ATTORNEY IN FACT FOR ANDREW R. HARRISON
Issuer symbol: ALK
Transactions as of: 05 Nov 2021
Net transactions value: -$76,799
Form type: 4
Filing time: 08 Nov 2021, 16:35:24 UTC
Next filing: 09 Nov 2021
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	+3,286	+25%	$0.000000	16,285	05 Nov 2021	Direct
transaction	ALK	COMMON STOCK	Tax liability	$76,799	-1,294	-7.9%	$59.35	14,991	05 Nov 2021	Direct	F1, 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	ALK	RESTRICTED STOCK UNITS	Options Exercise	$0	-3,286	-33%	$0.000000	6,574	05 Nov 2021	COMMON STOCK	3,286	$0.000000	Direct	F3

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

Explanation of Responses:

Id	Content
F1	SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF RESTRICTED STOCK UNITS ON 11/05/2021.
F2	PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF ALK SHARES ON THE DATE SHARES WERE FORFEITED FOR TAXES.
F3	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.