E. Von Muehlen - Sep 9, 2022 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: EVP AND COO
Signature: /s/ Howard Kuppler, by power of attorney
Stock symbol: ALK
Transactions as of: Sep 9, 2022
Transactions value $: -$2,251
Form type: 4
Date filed: 9/13/2022, 06:55 PM
Previous filing: Mar 11, 2022
Next filing: Nov 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Options Exercise	$0	+168	+47.73%	$0.00	520	Sep 9, 2022	HELD BY SPOUSE	F1
transaction	ALK	COMMON STOCK	Tax liability	-$2.25K	-50	-9.62%	$45.01	470	Sep 9, 2022	HELD BY SPOUSE
holding	ALK	COMMON STOCK						5.9K	Sep 9, 2022	Direct

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	-168	-100%	$0.00^*	0	Sep 9, 2022	COMMON STOCK	168	$0.00	HELD BY SPOUSE	F1, F2

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

Explanation of Responses:

Id	Content
F1	Restricted Stock Units (RSUs) convert to common stock on a one-for-one basis.
F2	On September 9, 2020, the reporting person was granted 670 RSUs that vested as to 25% of the RSUs granted on each of the first four six-month anniversaries of the grant date.