CONSTANCE E. VON MUEHLEN - 03 Apr 2024 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: 03 Apr 2024
Net transactions value: -$51,889
Form type: 4
Filing time: 05 Apr 2024, 16:51:30 UTC
Previous filing: 21 Mar 2024
Next filing: 09 May 2024
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	+4,110	+31%	$0.000000	17,401	03 Apr 2024	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	$51,889	-1,239	-7.1%	$41.88	16,162	03 Apr 2024	Direct	F2
holding	ALK	COMMON STOCK						470	03 Apr 2024	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	-4,110	-100%	$0.000000^*	0	03 Apr 2024	COMMON STOCK	4,110	$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 (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.