Alaska Air (ALK) VP Halverson converts 1,209 RSUs, withholds 295 shares for tax

Rhea-AI Filing Summary

Alaska Air Group VP Finance Emily Halverson reported equity compensation activity. On February 11, 2026, 1,209 restricted stock units were converted into an equal number of Alaska Air Group common shares at an exercise price of $0, reflecting the vesting of prior RSU grants. To cover tax withholding from this vesting, 295 common shares were withheld and delivered back to the company at $57.5 per share in an exempt, non-open-market transaction. After these entries, Halverson directly owned 11,743 shares of common stock and 2,421 restricted stock units, each RSU representing a contingent right to receive one share of common stock.

Insider Trade Summary

1,209 shares exercised/converted

Mixed 3 txns

Insider HALVERSON EMILY

Role VP Finance, Controller & Treas

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS	1,209	$0.00	--
Exercise	COMMON STOCK	1,209	$0.00	--
Tax Withholding	COMMON STOCK	295	$57.50	$17K

Holdings After Transaction: RESTRICTED STOCK UNITS — 2,421 shares (Direct); COMMON STOCK — 12,038 shares (Direct)

Footnotes (1)

1. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. 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. The RSUs vesting were from grants totaling 3,630 shares awarded on February 11, 2025, that vests in 1/3 increments over three years (2/11/2026, 2/11/2027, and 2/11/2028).

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

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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^*

HALVERSON EMILY

(Last) (First) (Middle)

ALASKA AIR GROUP, INC.

19300 INTERNATIONAL BLVD

(Street)

SEATTLE WA 98188

(City) (State) (Zip)

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)
	VP Finance, Controller & Treas

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

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

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

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

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	02/11/2026		M		1,209	A	$0(1)	12,038	D
COMMON STOCK	02/11/2026		F		295(2)	D	$57.5	11,743	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
RESTRICTED STOCK UNITS	$0(1)	02/11/2026		M			1,209	(3)	(3)	COMMON STOCK	1,209	$0	2,421	D

Explanation of Responses:

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

2. 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.

3. The RSUs vesting were from grants totaling 3,630 shares awarded on February 11, 2025, that vests in 1/3 increments over three years (2/11/2026, 2/11/2027, and 2/11/2028).

Remarks:

	/s/ Howard Kuppler, by power of attorney	02/13/2026
	** 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.

FAQ

What insider transaction did ALK executive Emily Halverson report on February 11, 2026?

Emily Halverson reported vesting and conversion of 1,209 restricted stock units into Alaska Air Group common shares. These RSUs were part of a larger grant and became actual stock, reflecting routine executive equity compensation, rather than an open-market purchase.

How many Alaska Air Group (ALK) shares were withheld for taxes in this Form 4?

The filing shows 295 Alaska Air Group common shares were withheld to satisfy tax obligations. These shares were delivered back to the company at $57.5 per share in an exempt disposition tied to RSU vesting, not an open-market sale.

What are Emily Halverson’s ALK share and RSU holdings after the reported transactions?

After the reported activity, Emily Halverson directly held 11,743 Alaska Air Group common shares. She also beneficially owned 2,421 restricted stock units, each unit representing a contingent right to receive one additional share of ALK common stock at future vesting dates.

What does the RSU grant of 3,630 shares mean for ALK’s Emily Halverson?

The RSU grant totals 3,630 shares awarded on February 11, 2025, vesting in three equal installments. One-third vests on 2/11/2026, 2/11/2027, and 2/11/2028, gradually converting into Alaska Air Group common stock as service-based conditions are met.

Was the ALK insider transaction an open-market buy or sell of shares?

The activity was not an open-market buy or sell. It involved exercise and conversion of 1,209 RSUs at $0 and an exempt tax-withholding disposition of 295 shares to the issuer at $57.5 per share related to RSU vesting.

What role does Emily Halverson hold at Alaska Air Group (ALK)?

Emily Halverson serves as an officer of Alaska Air Group with the title VP Finance, Controller & Treasurer. The reported Form 4 transactions reflect changes in her equity-based compensation holdings, not a change in her executive position or responsibilities.