EMILY HALVERSON - 25 Feb 2023 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: 25 Feb 2023
Net transactions value: -$4,635
Form type: 4
Filing time: 28 Feb 2023, 15:45:21 UTC
Previous filing: 14 Feb 2023
Next filing: 07 Mar 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	+400	+8.3%	$0.000000	5,225	25 Feb 2023	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	$4,635	-98	-1.9%	$47.30	5,127	25 Feb 2023	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	-400	-100%	$0.000000^*	0	25 Feb 2023	COMMON STOCK	400	$0.000000	Direct	F1

* 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 into common stock on a one-for-one basis.
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.