CONSTANCE E. VON MUEHLEN - 21 Jan 2022 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: EVP and COO
Signature: /s/JEANNE E. GAMMON, ATTORNEY IN FACT FOR CONSTANCE E. VON MUEHLEN
Issuer symbol: ALK
Transactions as of: 21 Jan 2022
Net transactions value: -$312
Form type: 4
Filing time: 24 Jan 2022, 12:31:43 UTC
Previous filing: 08 Nov 2021
Next filing: 09 Feb 2022
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	+20	+0.49%	$0.000000	4,104	21 Jan 2022	Direct
transaction	ALK	COMMON STOCK	Tax liability	$312	-6	-0.15%	$52.02	4,098	21 Jan 2022	Direct	F1, F2
holding	ALK	COMMON STOCK						235	21 Jan 2022	HELD 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	-20	-100%	$0.000000^*	0	21 Jan 2022	COMMON STOCK	20	$0.000000	Direct

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

Explanation of Responses:

Id	Content
F1	SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF RESTRICTED STOCK UNITS ON 01/21/2022.
F2	PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF ALK SHARES ON THE DATE SHARES WERE FORFEITED FOR TAXES.