[Form 4] American Airlines Group Inc. Insider Trading Activity

Rhea-AI Filing Summary

American Airlines Group Inc. EVP and Chief Financial Officer Devon E. May reported a routine tax-withholding transaction. On Common Stock, 33,721 shares were withheld by the issuer at $11.84 per share to cover taxes on vesting restricted stock units. After this, May directly holds 985,023 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider May Devon E

Role EVP Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	33,721	$11.84	$399K

Holdings After Transaction: Common Stock — 985,023 shares (Direct, null)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

May Devon E

(Last) (First) (Middle)

C/O AMERICAN AIRLINES GROUP INC.

1 SKYVIEW DRIVE

(Street)

FORT WORTH TEXAS 76155

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
American Airlines Group Inc. [ AAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/02/2026		F		33,721(1)	D	$11.84	985,023	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld by the issuer to cover applicable withholding taxes related to the vesting of restricted stock units

	Michelle Earley, with Power of Attorney	05/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did American Airlines (AAL) CFO Devon May report in this Form 4?

American Airlines CFO Devon May reported a tax-withholding transaction, not an open-market trade. The issuer withheld 33,721 common shares at $11.84 each to cover taxes on vesting restricted stock units, leaving May with 985,023 directly held shares.

Was the American Airlines (AAL) CFO buying or selling stock in this filing?

The filing does not show an open-market buy or sell. It records 33,721 shares withheld by American Airlines to pay withholding taxes on restricted stock units that vested, which is a standard, non-discretionary compensation-related event for the CFO.

How many American Airlines (AAL) shares were withheld for taxes in this Form 4?

The Form 4 shows 33,721 American Airlines common shares withheld for taxes. The issuer applied these shares at $11.84 per share to satisfy withholding obligations tied to the vesting of the CFO’s restricted stock units under company compensation plans.

How many American Airlines (AAL) shares does the CFO hold after this transaction?

Following the tax-withholding transaction, CFO Devon May directly holds 985,023 American Airlines common shares. This figure reflects his position after 33,721 shares were withheld by the company to cover applicable tax obligations on vested restricted stock units.

Does this American Airlines (AAL) Form 4 indicate a change in the CFO’s investment view?

The transaction appears administrative rather than discretionary. Shares were withheld by American Airlines to cover tax obligations on vesting restricted stock units, a common payroll-like mechanism that does not, by itself, indicate a change in the CFO’s view on the company’s stock.