Form 4: LEVINE KYLE B reports multiple insider transactions in ALK

Rhea-AI Filing Summary

LEVINE KYLE B reported multiple insider transaction types in a Form 4 filing for ALK. The filing lists transactions totaling 8,462 shares at a weighted average price of $57.50 per share. Following the reported transactions, holdings were 7,434 shares.

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

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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^*

LEVINE KYLE B

(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)
	EVP Corp Pub Aff & Chf Leg Off

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		3,716	A	$0(1)	30,340	D
COMMON STOCK	02/11/2026		F		1,030(2)	D	$57.5	29,310	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			3,716	(3)	(3)	COMMON STOCK	3,716	$0	7,434	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 a grant of 11,150 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).
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FAQ

What insider transaction did ALK executive Kyle Levine report?

Kyle B. Levine reported vesting-related equity activity. He converted 3,716 restricted stock units into common stock at $0 per share and had 1,030 shares withheld at $57.5 per share to satisfy tax obligations tied to the RSU vesting event.

Did the ALK Form 4 show an open-market stock sale by the executive?

No, the filing shows no open-market sale. The 1,030 ALK shares were withheld as an exempt disposition to the company under Rule 16b-3(e) solely to satisfy tax withholding obligations from vesting RSUs, not discretionary selling into the market.

How many ALK shares did Kyle Levine hold after the reported transactions?

After the transactions, Kyle Levine directly owned 29,310 shares of Alaska Air Group common stock. In addition, he held 7,434 restricted stock units, each representing a contingent right to receive one share of ALK common stock upon future vesting events.

What restricted stock units were involved in this ALK Form 4 filing?

The filing involves 3,716 RSUs that vested and converted into an equal number of ALK common shares. These units were part of an 11,150-share RSU grant awarded February 11, 2025, vesting in one-third increments over 2026, 2027, and 2028.

How were the tax obligations handled for the ALK RSU vesting?

Tax obligations were satisfied through share withholding. Specifically, 1,030 ALK common shares were withheld and treated as an exempt disposition to the issuer under Rule 16b-3(e), covering taxes arising from the vesting and settlement of the restricted stock units.

What is Kyle Levine’s role at Alaska Air Group (ALK)?

Kyle B. Levine serves as an officer of Alaska Air Group with the title Executive Vice President, Corporate Public Affairs and Chief Legal Officer. The reported equity transactions reflect compensation-related stock activity connected to this senior leadership position at the company.