Rakow Diana Birkett - 13 Feb 2026 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
EVP & CEO of Hawaiian Airlines
Signature
/s/ Howard Kuppler, by power of attorney
Issuer symbol
ALK
Transactions as of
13 Feb 2026
Net transactions value
-$197,867
Form type
4
Filing time
17 Feb 2026, 18:28:10 UTC
Previous filing
13 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BIRKETT RAKOW DIANA EVP & CEO of Hawaiian Airlines ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE /s/ Howard Kuppler, by power of attorney 17 Feb 2026 0001717592

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +5,160 +22% $0.000000 29,025 13 Feb 2026 Direct F1
transaction ALK COMMON STOCK Tax liability $107,390 -1,943 -6.7% $55.27 27,082 13 Feb 2026 Direct F2
transaction ALK COMMON STOCK Options Exercise $0 +4,090 +15% $0.000000 31,172 13 Feb 2026 Direct F1
transaction ALK COMMON STOCK Tax liability $90,477 -1,637 -5.3% $55.27 29,535 13 Feb 2026 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 Options Exercise $0 -5,160 -100% $0.000000 0 13 Feb 2026 COMMON STOCK 5,160 $0.000000 Direct F1, F3
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -4,090 -50% $0.000000 4,090 13 Feb 2026 COMMON STOCK 4,090 $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 The RSUs vest as to 100% of the shares granted on February 13, 2026..
F4 The RSUs vesting were from a grant of 12,270 shares that vested or will vest in three annual installments as follows: 4,090 shares on February 13, 2025; 4,090 shares on February 13, 2026; and 4,090 shares on February 13, 2027.