Shane R. Tackett - 05 Nov 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: EVP AND CFO
Signature: /s/ Howard Kuppler, by power of attorney
Issuer symbol: ALK
Transactions as of: 05 Nov 2023
Net transactions value: -$43,427
Form type: 4
Filing time: 07 Nov 2023, 17:18:36 UTC
Previous filing: 04 May 2023
Next filing: 13 Feb 2024
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	+3,287	+17%	$0.000000	22,116	05 Nov 2023	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	$43,427	-1,294	-5.9%	$33.56	20,822	05 Nov 2023	Direct	F2, F3
holding	ALK	COMMON STOCK						2,806	05 Nov 2023	ESOP TRUST	F4

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	-3,287	-100%	$0.000000^*	0	05 Nov 2023	COMMON STOCK	3,287	$0.000000	Direct	F1, F5

* 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	Includes 208 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on October 31, 2023, in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F4	Common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(K) Plan Trust.
F5	The RSUs disposed were from a grant of 9,860 RSUs awarded on November 5, 2020, that vested in three annual installments as follows: 3,286 shares on November 5, 2021; 3,287 shares on November 5, 2022; and 3,287 shares on November 5, 2023.