Edward H. Bastian - 01 Feb 2024 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role: Chief Executive Officer, Director
Signature: /s/ Alan T. Rosselot as attorney-in-fact for Edward Bastian
Issuer symbol: DAL
Transactions as of: 01 Feb 2024
Net transactions value: -$1,066,555
Form type: 4
Filing time: 02 Feb 2024, 16:30:44 UTC
Previous filing: 10 Feb 2023
Next filing: 09 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DAL	Common Stock	Options Exercise	$2,219,138	+71,840	+17%	$30.89	500,608	01 Feb 2024	Direct
transaction	DAL	Common Stock	Sale	$2,815,769	-71,840	-14%	$39.20	428,768	01 Feb 2024	Direct
transaction	DAL	Common Stock	Tax liability	$469,923	-11,819	-2.8%	$39.76	416,949	01 Feb 2024	Direct	F1

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	DAL	Employee Stock Option (right to buy)	Options Exercise	$0	-71,840	-100%	$0.000000^*	0	01 Feb 2024	Common Stock	71,840	$30.89	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted on February 3, 2021 under Delta's 2021 long-term incentive program. This withholding was approved by the Personnel & Compensation Committee of Delta's Board of Directors and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e).
F2	The option is currently exercisable.