Alaska Air Group corrects erroneous 13,060-unit stock grant

A separate 59,600-unit award is scheduled to vest in four equal installments between May 2027 and May 2028.

Available on EDGAR 11/09/2026 - 07:03 PM EST Accepted by SEC EDGAR 11/09/2026 - 07:03 PM EST

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Form Type

4/A

Rhea-AI Filing Summary

Nilakanta Amaresh Siva, Chief Info & Tech Officer of Alaska Air Group, amended his Form 4 to remove a 13,060-RSU grant that the amendment says was reported in error and did not occur; the reporting person's holdings were adjusted to reflect the correct beneficial ownership balance. The amended report lists a separate 59,600-RSU award dated November 2, 2026. Each RSU represents a contingent right to receive one common share, with vesting in four installments of 14,900 shares on May 2 and November 2, 2027, and May 2 and November 2, 2028.

Insider Trade Summary

Grant/Award: 72,660 shares

Grant/Award 2 txns

Insider Siva Nilakanta Amaresh

Role Chief Info & Tech Officer

Type	Security	Shares	Price	Value
Grant/Award	RESTRICTED STOCK UNITS ^{F1, F2, F3}	13,060	$0.00	$0.00
Grant/Award	RESTRICTED STOCK UNITS ^{F2, F4}	59,600	$0.00	$0.00

Holdings After Transaction: RESTRICTED STOCK UNITS — 59,600 units (Direct)

Footnotes (4)

F1. This amendment is being filed to remove the transaction reported in Table II on the original Form 4 filed on November 4, 2026, which indicated a derivate grant of 13,060 RSUs. Due to an administrative error, the grant was reported in error and did not in fact occur. The reporting person's holdings in column 9 has been adjusted accordingly to reflect the correct beneficial ownership balance.
F2. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
F3. The RSUs vest in three annual installments as follows: 4,353 shares on November 2, 2027; 4,353 shares on November 2, 2028; and 4,354 shares on November 2, 2029.
F4. The RSUs vest in four equal installments of 14,900 shares on each of May 2, 2027, November 2, 2027, May 2, 2028, and November 2, 2028.

Key Figures

Erroneous RSU grant removed: 13,060 RSUs RSUs awarded: 59,600 RSUs Common shares per RSU: 1 common share +2 more

5 metrics

Erroneous RSU grant removed 13,060 RSUs The amendment says the grant was reported in error and did not occur.

RSUs awarded 59,600 RSUs Award dated November 2, 2026.

Common shares per RSU 1 common share Each RSU represents a contingent right to receive one share.

Shares per vesting installment 14,900 shares Four equal installments on May 2 and November 2, 2027, and May 2 and November 2, 2028.

Vesting installments 4 installments The 59,600 RSUs vest on four stated dates from May 2027 through November 2028.

Key Terms

restricted stock unit, contingent right, beneficial ownership balance

3 terms

restricted stock unit financial

"Each restricted stock unit (RSUs) represents a contingent right"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

contingent right financial

"represents a contingent right to receive one share"

beneficial ownership balance financial

"reflect the correct beneficial ownership balance"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Siva Nilakanta Amaresh

(Last)

(First)

(Middle)

C/O ALASKA AIR GROUP, INC.

19300 INTERNATIONAL BLVD

(Street)

SEATTLE

WASHINGTON

98188

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ALASKA AIR GROUP, INC. [ ALK ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Info & Tech Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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)
11/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
RESTRICTED STOCK UNITS⁽¹⁾	⁽²⁾	11/02/2026		A		13,060		⁽³⁾	⁽³⁾	COMMON STOCK	13,060	$0	0⁽¹⁾	D
RESTRICTED STOCK UNITS	⁽²⁾	11/02/2026		A		59,600		⁽⁴⁾	⁽⁴⁾	COMMON STOCK	59,600	$0	59,600	D

Explanation of Responses:

1. This amendment is being filed to remove the transaction reported in Table II on the original Form 4 filed on November 4, 2026, which indicated a derivate grant of 13,060 RSUs. Due to an administrative error, the grant was reported in error and did not in fact occur. The reporting person's holdings in column 9 has been adjusted accordingly to reflect the correct beneficial ownership balance.

2. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

3. The RSUs vest in three annual installments as follows: 4,353 shares on November 2, 2027; 4,353 shares on November 2, 2028; and 4,354 shares on November 2, 2029.

4. The RSUs vest in four equal installments of 14,900 shares on each of May 2, 2027, November 2, 2027, May 2, 2028, and November 2, 2028.

Remarks:

	/s/ Howard Kuppler, by power of attorney	11/09/2026
	** 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)