Benito Minicucci - 05 Nov 2022 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: CEO AND PRESIDENT
Signature: /s/ Howard Kuppler, by power of attorney
Issuer symbol: ALK
Transactions as of: 05 Nov 2022
Net transactions value: -$156,651
Form type: 4
Filing time: 08 Nov 2022, 17:01:31 UTC
Previous filing: 16 Feb 2022
Next filing: 14 Feb 2023
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	+4,930	+4.7%	$0.000000	109,771	05 Nov 2022	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	$87,028	-1,940	-1.8%	$44.86	107,831	05 Nov 2022	Direct
transaction	ALK	COMMON STOCK	Options Exercise	$0	+3,942	+3.7%	$0.000000	111,773	05 Nov 2022	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	$69,623	-1,552	-1.4%	$44.86	110,221	05 Nov 2022	Direct

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	-4,930	-50%	$0.000000	4,930	05 Nov 2022	COMMON STOCK	4,930	$0.000000	Direct	F1, F2
transaction	ALK	RESTRICTED STOCK UNITS	Options Exercise	$0	-3,942	-25%	$0.000000	11,826	05 Nov 2022	COMMON STOCK	3,942	$0.000000	Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.
F2	On November 5, 2020, the reporting person was granted 14,790 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F3	On November 5, 2020, the reporting person was granted 19,710 RSUs, vesting in five equal annual installments beginning on the first anniversary of the grant date.