Emily Halverson - 09 Sep 2022 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: VP FIN AND CONTROLLER
Signature: /s/ Howard Kuppler, by power of attorney
Issuer symbol: ALK
Transactions as of: 09 Sep 2022
Net transactions value: -$3,736
Form type: 4
Filing time: 13 Sep 2022, 18:47:10 UTC
Previous filing: 20 Apr 2022
Next filing: 14 Feb 2023
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	+338	+8.2%	$0.000000	4,450	09 Sep 2022	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	$3,736	-83	-1.8%	$45.01	4,601	09 Sep 2022	Direct	F2

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	-338	-100%	$0.000000^*	0	09 Sep 2022	COMMON STOCK	338	$0.000000	Direct	F1, F3

* 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	Includes 234 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on April 30, 2022, in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F3	On September 9, 2020, the reporting person was granted 1,350 RSUs that vested as to 25% of the RSUs granted on each of the first four six-month anniversaries of the grant date.