CONSTANCE E. VON MUEHLEN - 13 Feb 2026 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
EVP & Advisor to COO
Signature
/s/ Howard Kuppler, by power of attorney
Issuer symbol
ALK
Transactions as of
13 Feb 2026
Net transactions value
-$458,354
Form type
4
Filing time
17 Feb 2026, 18:42:47 UTC
Previous filing
13 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
VON MUEHLEN CONSTANCE E EVP & Advisor to COO ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE /s/ Howard Kuppler, by power of attorney 17 Feb 2026 0001855774

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +13,160 +39% $0.000000 46,772 13 Feb 2026 Direct F1
transaction ALK COMMON STOCK Tax liability $273,918 -4,956 -11% $55.27 41,816 13 Feb 2026 Direct F2
transaction ALK COMMON STOCK Options Exercise $0 +8,860 +21% $0.000000 50,676 13 Feb 2026 Direct F1
transaction ALK COMMON STOCK Tax liability $184,436 -3,337 -6.6% $55.27 47,339 13 Feb 2026 Direct F2
holding ALK COMMON STOCK 938 13 Feb 2026 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 -13,160 -100% $0.000000 0 13 Feb 2026 COMMON STOCK 13,160 $0.000000 Direct F1, F3
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -8,860 -50% $0.000000 8,860 13 Feb 2026 COMMON STOCK 8,860 $0.000000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

CONSTANCE E. VON MUEHLEN is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 26,580 shares that vested or will vest in three equal installments as follows: 8,860 shares on February 13, 2025; 8,860 shares on February 13, 2026; and 8,860 shares on February 13, 2027.