KYLE B. LEVINE - 02 Nov 2025 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
EVP Corp Pub Aff & Chf Leg Off
Signature
/s/ Howard Kuppler, by power of attorney
Issuer symbol
ALK
Transactions as of
02 Nov 2025
Net transactions value
-$81,123
Form type
4
Filing time
04 Nov 2025, 16:55:18 UTC
Previous filing
30 Sep 2025
Next filing
11 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
LEVINE KYLE B EVP Corp Pub Aff & Chf Leg Off ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE /s/ Howard Kuppler, by power of attorney 04 Nov 2025 0001663200

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +4,857 +23% $0.000000 25,774 02 Nov 2025 Direct F1
transaction ALK COMMON STOCK Tax liability $81,123 -1,944 -7.5% $41.73 23,922 02 Nov 2025 Direct F2, 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 Options Exercise $0 -4,857 -50% $0.000000 4,857 02 Nov 2025 COMMON STOCK 4,857 $0.000000 Direct F1, F4
* 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 92 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on October 31, 2025, in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F4 The RSUs vesting were from a grant of 14,570 RSUs issued on November 2, 2023, that vest in three annual installments as follows: 4,856 shares on November 2, 2024; 4,857 shares on November 2, 2025; and 4,857 shares on November 2, 2026.