KYLE B. LEVINE - 05 Nov 2022 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: SVP LEGAL & GEN COUNSEL
Signature: /s/ Howard Kuppler, power of attorney
Issuer symbol: ALK
Transactions as of: 05 Nov 2022
Net transactions value: -$10,811
Form type: 4
Filing time: 08 Nov 2022, 16:57:46 UTC
Previous filing: 16 Feb 2022
Next filing: 14 Feb 2023
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	+987	+9.8%	$0.000000	11,011	05 Nov 2022	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	$10,811	-241	-2.2%	$44.86	10,862	05 Nov 2022	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	-987	-50%	$0.000000	987	05 Nov 2022	COMMON STOCK	987	$0.000000	Direct	F1, F3

* 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 92 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan, of which 36 shares were acquired on April 30, 2022, and 56 share were acquired on October 31, 2022, all in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F3	On November 5, 2020, the reporting person was granted 2,960 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date.