Andrea L. Schneider - 05 Nov 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: SVP PEOPLE
Signature: /s/ Howard Kuppler, by power of attorney
Issuer symbol: ALK
Transactions as of: 05 Nov 2023
Net transactions value: -$13,055
Form type: 4
Filing time: 07 Nov 2023, 17:09:59 UTC
Previous filing: 04 May 2023
Next filing: 13 Feb 2024
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	+5.3%	$0.000000	19,760	05 Nov 2023	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	$13,055	-389	-2%	$33.56	19,371	05 Nov 2023	Direct	F2
holding	ALK	COMMON STOCK						15	05 Nov 2023	BY SPOUSE

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	-100%	$0.000000^*	0	05 Nov 2023	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	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	The RSUs disposed were from a grant of 2,960 RSUs awarded on November 5, 2020, that vested in three annual installments as follows: 986 shares on November 5, 2021; 987 shares on November 5, 2022; and 987 shares on November 5, 2023.