Alaska Air (ALK) EVP Levine converts RSUs, withholds stock for taxes

Rhea-AI Filing Summary

Alaska Air Group EVP Kyle B. Levine reported equity award activity involving restricted stock units that converted into common stock and related tax withholding. On February 13, 2026, RSU exercises delivered 7,740 and 5,907 shares of ALK common stock at $0 per share. To cover taxes from these vestings, the company withheld 3,097 and 2,364 shares at $55.27 per share in exempt transactions. After these moves, Levine directly held 37,496 shares of common stock and 5,907 RSUs representing the right to receive additional 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)
02/13/2026

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	02/13/2026		M		7,740	A	$0(1)	37,050	D
COMMON STOCK	02/13/2026		F		3,097(2)	D	$55.27	33,953	D
COMMON STOCK	02/13/2026		M		5,907	A	$0(1)	39,860	D
COMMON STOCK	02/13/2026		F		2,364(2)	D	$55.27	37,496	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)	02/13/2026		M			7,740	05/04/2026(3)	05/04/2026(3)	COMMON STOCK	7,740	$0	0	D
RESTRICTED STOCK UNITS	$0(1)	02/13/2026		M			5,907	(4)	(4)	COMMON STOCK	5,907	$0	5,907	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 vest as to 100% of the shares granted on February 13, 2026.

4. The RSUs vesting were from grants of 17,720 shares that vested or will vest in three annual installments as follows: 5,906 shares on February 13, 2025; 5,907 shares on February 13, 2026; and 5,907 shares on February 13, 2027.

Remarks:

	/s/ Howard Kuppler, by power of attorney	02/17/2026
	** 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 transactions did ALK executive Kyle B. Levine report?

Kyle B. Levine reported RSU conversions into Alaska Air Group common stock and related tax withholding. On February 13, 2026, RSUs converted into 7,740 and 5,907 shares, with 3,097 and 2,364 shares withheld to satisfy tax obligations at $55.27 per share.

Did the ALK Form 4 show Kyle B. Levine buying or selling shares on the market?

The Form 4 shows RSU exercises and tax-withholding dispositions, not open-market trades. Shares were acquired through conversion of restricted stock units, while a portion was withheld by the issuer at $55.27 per share solely to cover tax liabilities from the vesting.

How many ALK common shares does Kyle B. Levine own after these transactions?

Following the reported transactions, Kyle B. Levine directly held 37,496 shares of Alaska Air Group common stock. He also held 5,907 restricted stock units, each representing a contingent right to receive one additional share of ALK common stock in the future, subject to vesting.

What was the price used for ALK shares withheld for Kyle B. Levine’s taxes?

Shares withheld to cover taxes were valued at $55.27 per share. In total, 3,097 and 2,364 ALK common shares were withheld in exempt transactions under Rule 16b-3(e), settling the tax obligations arising from the vesting of Levine’s restricted stock units.

How do Kyle B. Levine’s restricted stock units in ALK work?

Each restricted stock unit represents a contingent right to receive one share of Alaska Air Group common stock. RSUs vest based on specified schedules, such as full vesting on February 13, 2026, with resulting common shares delivered at no cash exercise price to the executive.

What vesting schedule is disclosed for ALK restricted stock units in this filing?

One RSU grant vests 100% of its shares on February 13, 2026. Another RSU grant of 17,720 shares vests in three annual installments: 5,906 shares on February 13, 2025, and 5,907 shares on each of February 13, 2026, and February 13, 2027, subject to standard conditions.