William C. Carroll - 15 Oct 2025 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
SVP, Fin & Controller
Signature
/s/ Alan T. Rosselot as attorney-in-fact for William C. Carroll
Issuer symbol
DAL
Transactions as of
15 Oct 2025
Net transactions value
-$177,869
Form type
4
Filing time
17 Oct 2025, 16:30:29 UTC
Previous filing
07 Feb 2025
Next filing
03 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Carroll William C SVP, Fin & Controller C/O DELTA AIR LINES, INC., DEPT. 981, 1030 DELTA BLVD., ATLANTA /s/ Alan T. Rosselot as attorney-in-fact for William C. Carroll 17 Oct 2025 0001777758

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAL Common Stock Options Exercise $350,609 +6,940 +44% $50.52 22,756 15 Oct 2025 Direct
transaction DAL Common Stock Options Exercise $148,992 +2,530 +11% $58.89 25,286 15 Oct 2025 Direct
transaction DAL Common Stock Options Exercise $180,601 +4,540 +18% $39.78 29,826 15 Oct 2025 Direct
transaction DAL Common Stock Sale $858,070 -14,010 -47% $61.25 15,816 15 Oct 2025 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 -6,940 -50% $0.000000 6,940 15 Oct 2025 Common Stock 6,940 $50.52 Direct F2
transaction DAL Employee Stock Option (right to buy) Options Exercise $0 -2,530 -50% $0.000000 2,530 15 Oct 2025 Common Stock 2,530 $58.89 Direct F2
transaction DAL Employee Stock Option (right to buy) Options Exercise $0 -4,540 -50% $0.000000 4,540 15 Oct 2025 Common Stock 4,540 $39.78 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. The reported shares were sold in multiple transactions through a broker-dealer at prices of $61.240 and $61.261 per share, respectively. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc.
F2 The option is currently exercisable.