Alaska Air COO converts 2,010 stock units to shares

The 6,030-share RSU grant vests in three annual installments, with the final installment dated September 23, 2027.

Rhea-AI Filing Summary

ALASKA AIR GROUP, INC. reported that Jason M. Berry, its EVP & Chief Operating Officer, converted 2,010 restricted stock units into 2,010 common shares on September 23, 2026. His post-transaction derivative position was 2,010 restricted stock units. The transaction also included 792 common shares withheld to satisfy tax obligations at $39.70 per share. No Rule 10b5-1 plan is reported.

Insider Trade Summary

2,010 shares exercised/converted

Exercise 3 txns

Insider Berry Jason M

Role EVP & Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS F1, F4	2,010	$0.00	$0.00
Exercise	COMMON STOCK F1	2,010	--	--
Tax Withholding	COMMON STOCK F2, F3	792	$39.70	$31K

Holdings After Transaction: RESTRICTED STOCK UNITS — 2,010 contracts (Direct); COMMON STOCK — 15,103 shares (Direct)

Footnotes (4)

1. F1. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
2. F2. 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. F3. Includes 363 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on April 30, 2026, in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).
4. F4. The RSUs vesting were from a grant of 6,030 shares that vested or will vest in three annual installments as follows: 2,010 shares on September 23, 2025; 2,010 shares on September 23, 2026; and 2,010 shares on September 23, 2027.

Key Figures

Restricted stock units converted: 2,010 units Common shares acquired: 2,010 shares Shares withheld for tax obligations: 792 shares +3 more

6 metrics

Restricted stock units converted 2,010 units September 23, 2026

Common shares acquired 2,010 shares Upon conversion of restricted stock units on September 23, 2026

Shares withheld for tax obligations 792 shares September 23, 2026

Price per withheld share $39.70 per share September 23, 2026

RSUs following transaction 2,010 units Post-transaction derivative position

RSU grant 6,030 shares Vesting in three annual installments dated September 23, 2025, September 23, 2026, and September 23, 2027

Key Terms

restricted stock units, tax withholding obligations, Rule 16b-3(e), Employee Stock Purchase Plan

4 terms

restricted stock units financial

"Each restricted stock unit (RSUs) represents a contingent right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding obligations financial

"to satisfy tax withholding obligations arising out of the vesting of RSUs"

Rule 16b-3(e) regulatory

"an exempt disposition to the Issuer under Rule 16b-3(e)"

Employee Stock Purchase Plan financial

"acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ALK shares did Jason M. Berry receive and have withheld?

Jason M. Berry received 2,010 common shares when 2,010 restricted stock units converted on September 23, 2026. The transaction also included 792 common shares withheld for tax obligations at $39.70 per share.

How were Jason M. Berry's ALK restricted stock units scheduled to vest?

The 6,030-share grant was scheduled to vest in three annual installments: 2,010 shares on September 23, 2025; 2,010 shares on September 23, 2026; and 2,010 shares on September 23, 2027.

Was Jason M. Berry's ALK transaction under a Rule 10b5-1 plan?

No Rule 10b5-1 plan is reported for these transactions.

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

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Available on EDGAR 09/24/2026 - 05:40 PM Accepted by SEC EDGAR 09/24/2026 - 05:38 PM Learn about SEC filing dates

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^*

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)
09/23/2026

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	09/23/2026		M		2,010	A	(1)	15,532	D
COMMON STOCK	09/23/2026		F		792(2)	D	$39.7	15,103(3)	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)	09/23/2026		M			2,010	(4)	(4)	COMMON STOCK	2,010	$0	2,010	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. Includes 363 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on April 30, 2026, in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).

4. The RSUs vesting were from a grant of 6,030 shares that vested or will vest in three annual installments as follows: 2,010 shares on September 23, 2025; 2,010 shares on September 23, 2026; and 2,010 shares on September 23, 2027.

Remarks:

	/s/ Howard Kuppler, by power of attorney	09/24/2026
	** 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)