Shane R. Tackett - Nov 5, 2022 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: EVP AND CFO
Signature: /s/ Howard Kuppler, by power of attorney
Stock symbol: ALK
Transactions as of: Nov 5, 2022
Transactions value $: -$58,049
Form type: 4
Date filed: 11/8/2022, 05:12 PM
Previous filing: Jun 10, 2022
Next filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Options Exercise	$0	+3.29K	+32.98%	$0.00	13.3K	Nov 5, 2022	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	-$58K	-1.29K	-9.66%	$44.86	12.1K	Nov 5, 2022	Direct	F2
holding	ALK	COMMON STOCK						2.81K	Nov 5, 2022	ESOP TRUST	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	-3.29K	-50%	$0.00	3.29K	Nov 5, 2022	COMMON STOCK	3.29K	$0.00	Direct	F1, F4

* 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	Includes 141 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on October 31, 2022, in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F3	Common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(K) Plan Trust, as of 12/31/2021.
F4	On November 5, 2020, the reporting person was granted 9,860 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date.