CONSTANCE E. VON MUEHLEN - 09 Sep 2022 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: EVP AND COO
Signature: /s/ Howard Kuppler, by power of attorney
Issuer symbol: ALK
Transactions as of: 09 Sep 2022
Net transactions value: -$2,250
Form type: 4
Filing time: 13 Sep 2022, 18:55:58 UTC
Previous filing: 11 Mar 2022
Next filing: 08 Nov 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	+168	+48%	$0.000000	520	09 Sep 2022	HELD BY SPOUSE	F1
transaction	ALK	COMMON STOCK	Tax liability	$2,250	-50	-9.6%	$45.01	470	09 Sep 2022	HELD BY SPOUSE
holding	ALK	COMMON STOCK						5,901	09 Sep 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%	$0.000000^*	0	09 Sep 2022	COMMON STOCK	168	$0.000000	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.