Alaska Air (NYSE: ALK) COO settles 697 RSUs, 279 shares withheld

Rhea-AI Filing Summary

Alaska Air Group EVP & Chief Operating Officer Jason M. Berry reported routine equity compensation activity. He exercised 697 restricted stock units, receiving the same number of shares of common stock. As part of the vesting, 279 shares were withheld at $36.91 per share to cover tax obligations.

Following these transactions, Berry directly holds 13,522 shares of Alaska Air Group common stock. The RSUs exercised were the final tranche from a 2,090-RSU award granted on March 20, 2023 that vested in three annual installments.

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^*

Berry Jason M

(Last) (First) (Middle)

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)
	EVP & Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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	03/20/2026		M		697	A	$0(1)	13,801	D
COMMON STOCK	03/20/2026		F		279(2)	D	$36.91	13,522	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	(1)	03/20/2026		M			697	(3)	(3)	COMMON STOCK	697	$0	0	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 granted were from an award of 2,090 RSUs issued on March 20, 2023, that vested in three annual installments as follows: 696 shares on March 20, 2024; 697 shares on March 20, 2025, and 697 shares on March 20, 2026.

Remarks:

	/s/ Howard Kuppler, by power of attorney	03/23/2026
	** 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 insider transaction did Alaska Air Group (ALK) report for Jason M. Berry?

Alaska Air Group reported that EVP & Chief Operating Officer Jason M. Berry exercised 697 restricted stock units into common shares. The event reflects scheduled vesting from a prior RSU grant, rather than an open-market purchase or sale of Alaska Air Group stock.

How many Alaska Air (ALK) shares were withheld for taxes in Jason Berry’s Form 4?

In connection with the RSU vesting, 279 shares of Alaska Air Group common stock were withheld at $36.91 per share. These shares were used to satisfy tax withholding obligations, an exempt disposition to the issuer under Rule 16b-3(e), not an open-market sale.

What are Jason Berry’s Alaska Air Group (ALK) holdings after this Form 4?

After the RSU exercise and tax withholding, Jason M. Berry directly holds 13,522 shares of Alaska Air Group common stock. This figure reflects his post-transaction position reported in the Form 4 and shows he retained a substantial equity stake after the routine compensation event.

Were Jason Berry’s Alaska Air (ALK) transactions open-market buys or sells?

The filing shows no open-market buys or sells. Berry exercised 697 restricted stock units and then 279 shares were withheld to cover taxes. The tax withholding is an exempt disposition to the issuer, typical of equity compensation vesting, rather than a discretionary market trade.

What RSU award was involved in Jason Berry’s Alaska Air (ALK) Form 4?

The RSUs came from a 2,090-unit award granted on March 20, 2023. That award vested in three annual installments: 696 shares on March 20, 2024, 697 shares on March 20, 2025, and 697 shares on March 20, 2026, with the latest tranche now settled.