Andrew R. Harrison - 09 Feb 2024 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: EVP AND CCO
Signature: /s/ Howard Kuppler, by power of attorney
Issuer symbol: ALK
Transactions as of: 09 Feb 2024
Net transactions value: -$84,012
Form type: 4
Filing time: 13 Feb 2024, 17:54:21 UTC
Previous filing: 07 Nov 2023
Next filing: 16 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	+7,240	+34%	$0.000000	28,480	09 Feb 2024	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	$84,012	-2,259	-7.9%	$37.19	26,221	09 Feb 2024	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	-7,240	-100%	$0.000000^*	0	09 Feb 2024	COMMON STOCK	7,240	$0.000000	Direct	F1

* 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 to common stock on a one-for-one basis.
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.