Shane R. Tackett - 10 Feb 2026 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: 10 Feb 2026
Net transactions value: -$289,786
Form type: 4
Filing time: 12 Feb 2026, 19:21:21 UTC
Previous filing: 09 Feb 2026
Next filing: 13 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
TACKETT SHANE R	EVP AND CFO	ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE	/s/ Howard Kuppler, by power of attorney	11 Feb 2026	0001544028

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Award	$0	+17,874	+53%	$0.000000	51,404	10 Feb 2026	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	$289,786	-4,900	-9.5%	$59.14	46,504	10 Feb 2026	Direct	F2
holding	ALK	COMMON STOCK						2,806	10 Feb 2026	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	Award	$0	+26,740		$0.000000	26,740	10 Feb 2026	COMMON STOCK	26,740		Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	The acquisition resulted from the vesting of Performance Stock Units (PSUs) pursuant to the attainment of certain performance goals over a three-year period ending December 31, 2025, in accordance with the terms of a PSU award granted under the Issuer's 2016 Performance Incentive Plan and upon certification of performance results by the Board's Compensation Committee on February 10, 2026.
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 PSUs and settled with shares by the reporting person.
F3	Common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(K) Plan Trust, as of 12/31/2025.
F4	Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
F5	The RSUs vest in three annual installments as follows: 8,913 shares on February 10, 2027; 8,913 shares on February 10, 2028; and 8,914 shares on February 10, 2029.