Benito Minicucci - 13 Feb 2026 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Signature
/s/ Howard Kuppler, by power of attorney
Issuer symbol
ALK
Transactions as of
13 Feb 2026
Net transactions value
-$1,287,957
Form type
4
Filing time
17 Feb 2026, 18:37:14 UTC
Previous filing
13 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
MINICUCCI BENITO CEO AND PRESIDENT, Director ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE /s/ Howard Kuppler, by power of attorney 17 Feb 2026 0001451455

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +39,160 +20% $0.000000 232,165 13 Feb 2026 Direct F1
transaction ALK COMMON STOCK Tax liability $815,067 -14,747 -6.4% $55.27 217,418 13 Feb 2026 Direct F2
transaction ALK COMMON STOCK Options Exercise $0 +22,720 +10% $0.000000 240,138 13 Feb 2026 Direct F1
transaction ALK COMMON STOCK Tax liability $472,890 -8,556 -3.6% $55.27 231,582 13 Feb 2026 Direct 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 -39,160 -100% $0.000000 0 13 Feb 2026 COMMON STOCK 39,160 $0.000000 Direct F1, F3
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -22,720 -50% $0.000000 22,720 13 Feb 2026 COMMON STOCK 22,720 $0.000000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
F2 The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.
F3 The shares vest as to 100% of the shares granted on February 13, 2026.
F4 The restricted stock units vesting were from a grant of 68,160 shares that have vested or will vest in three equal installments as follows: 22,720 shares on February 13, 2025; 22,720 shares on February 13, 2026; and 22,720 shares on February 13, 2027.