Rakow Diana Birkett - 02 May 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: SVP PUB AFFAIRS/SUSTAINABILITY
Signature: /s/ Howard Kuppler, by power of attorney
Issuer symbol: ALK
Transactions as of: 02 May 2023
Net transactions value: -$11,146
Form type: 4
Filing time: 04 May 2023, 16:34:12 UTC
Previous filing: 14 Feb 2023
Next filing: 07 Nov 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	+1,055	+17%	$0.000000	7,180	02 May 2023	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	$11,146	-257	-3.6%	$43.37	6,923	02 May 2023	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	Award	$0	+1,055		$0.000000	1,055	02 May 2023	COMMON STOCK	1,055	$0.000000	Direct	F1
transaction	ALK	RESTRICTED STOCK UNITS	Options Exercise	$0	-1,055	-100%	$0.000000^*	0	02 May 2023	COMMON STOCK	1,055	$0.000000	Direct	F1
transaction	ALK	RESTRICTED STOCK UNITS	Award	$0	+1,930		$0.000000	1,930	02 May 2023	COMMON STOCK	1,930	$0.000000	Direct	F1
transaction	ALK	RESTRICTED STOCK UNITS	Award	$0	+2,090		$0.000000	2,090	02 May 2023	COMMON STOCK	2,090	$0.000000	Direct	F1
transaction	ALK	COMMON STOCK	Award	$0	+5,160		$0.000000	5,160	04 May 2023	COMMON STOCK	5,160	$0.000000	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit 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.