JAMES A. BEER - 08 May 2025 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: Director
Signature: /s/ Howard Kuppler, by power of attorney
Issuer symbol: ALK
Transactions as of: 08 May 2025
Transactions value $: $139,999
Form type: 4
Filing time: 12 May 2025, 18:36:39 UTC
Previous filing: 03 Mar 2025
Next filing: 30 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
BEER JAMES A	Director	C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE	/s/ Howard Kuppler, by power of attorney	12 May 2025	0001272505

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Award	$140K	+2.65K	+15.03%	$52.77	20.3K	08 May 2025	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Deferred stock units (DSUs) granted under the Alaska Air Group, Inc. (the "Issuer") 2016 Performance Incentive Plan in connection with the reporting person's re-election to serve on the Board of Directors until the 2026 Annual Stockholders Meeting. The DSUs are 100% vested and payable in shares of the Issuer's common stock on a one-for-one basis following the resignation of the reporting person from the Issuer's Board of Directors.
F2	Includes 16,857 DSUs previously granted under the Alaska Air Group, Inc. (the "Issuer") 2016 Performance Incentive Plan. The DSUs are 100% vested on the date of grant and issuable in common stock upon resignation from the Issuer's Board of Directors.

Content

Deferred stock units (DSUs) granted under the Alaska Air Group, Inc. (the "Issuer") 2016 Performance Incentive Plan in connection with the reporting person's re-election to serve on the Board of Directors until the 2026 Annual Stockholders Meeting. The DSUs are 100% vested and payable in shares of the Issuer's common stock on a one-for-one basis following the resignation of the reporting person from the Issuer's Board of Directors.

Includes 16,857 DSUs previously granted under the Alaska Air Group, Inc. (the "Issuer") 2016 Performance Incentive Plan. The DSUs are 100% vested on the date of grant and issuable in common stock upon resignation from the Issuer's Board of Directors.