Alaska Air COO reports RSU vesting and tax share swap

Alaska Air Group EVP and Chief Operating Officer Jason M. Berry reported equity award activity involving company stock.

Accepted by SEC EDGAR 02/17/2026 - 06:23 PM EST

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Rhea-AI Filing Summary

Alaska Air Group EVP and Chief Operating Officer Jason M. Berry reported equity award activity involving company stock. On February 13, 2026, restricted stock units (RSUs) representing rights to common shares converted into Alaska Air Group common stock at $0 per share in two tranches tied to prior RSU grants.

In connection with these RSU vestings, Berry had portions of the newly delivered shares (608 shares and 1,092 shares at $55.27 per share) withheld as a tax-withholding disposition to the issuer under Rule 16b-3(e). After these transactions, he directly owned 13,104 shares of Alaska Air Group common stock.

Insider Trade Summary

5,127 shares exercised/converted

Exercise 6 txns

Insider Berry Jason M

Role EVP Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS	2,400	$0.00	$0.00
Exercise	RESTRICTED STOCK UNITS	2,727	$0.00	$0.00
Exercise	COMMON STOCK	2,400	$0.00	$0.00
Exercise Price or Tax Liability	COMMON STOCK	608	$55.27	$34K
Exercise	COMMON STOCK	2,727	$0.00	$0.00
Exercise Price or Tax Liability	COMMON STOCK	1,092	$55.27	$60K

Holdings After Transaction: RESTRICTED STOCK UNITS — 2,727 contracts (Direct); COMMON STOCK — 13,104 shares (Direct)

Holdings Before and After: RESTRICTED STOCK UNITS, 7,854 to 2,727 contracts (Direct); COMMON STOCK, 9,677 to 13,104 shares (Direct)

Footnotes (4)

F1. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
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.
F3. The RSUs vest as to 100% of the shares granted on February 13, 2026.
F4. The RSUs vesting were from a grant of 8,180 shares awarded on March 19, 2024, that have vested or will vest as to 2,726 shares on February 13, 2025; 2,727 shares on February 13, 2026; and 2,727 shares on February 13, 2027.

FAQ

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What insider activity did ALK EVP COO Jason Berry report on this Form 4?

Jason Berry reported RSU conversions into Alaska Air Group common stock and related tax-withholding share dispositions. RSUs converted to shares at $0 per share, and some shares were withheld to cover tax obligations under Rule 16b-3(e).

How many Alaska Air Group (ALK) shares does Jason Berry own after these transactions?

After the reported RSU conversions and tax-withholding dispositions, Jason Berry directly owns 13,104 shares of Alaska Air Group common stock. This figure reflects his beneficial ownership immediately following the February 13, 2026 equity award-related transactions.

Were Jason Berry’s ALK transactions open-market buys or sells?

The transactions were not open‑market trades. They involved RSU exercises or conversions at $0 per share and share dispositions marked with code F, reflecting shares withheld to satisfy tax withholding obligations related to the RSU vesting.

What does transaction code M mean in Jason Berry’s ALK Form 4?

Transaction code M indicates an exercise or conversion of a derivative security. In this Form 4, it shows restricted stock units converting into Alaska Air Group common stock, with each RSU representing a contingent right to receive one share of common stock.

What does transaction code F represent in the ALK Form 4 filing?

Transaction code F indicates payment of tax liability or exercise price using securities. Here, shares of Alaska Air Group common stock were withheld and treated as an exempt disposition to the issuer to satisfy tax withholding from RSU vesting.

How are Alaska Air Group RSUs described in Jason Berry’s Form 4 footnotes?

Each restricted stock unit is described as a contingent right to receive one share of Alaska Air Group common stock. Footnotes also explain the vesting schedule, including grants that vest in specified share amounts on set future February dates.

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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

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 Chief Operating Officer

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
COMMON STOCK	02/13/2026		M		2,400	A	$0⁽¹⁾	12,077	D
COMMON STOCK	02/13/2026		F		608⁽²⁾	D	$55.27	11,469	D
COMMON STOCK	02/13/2026		M		2,727	A	$0⁽¹⁾	14,196	D
COMMON STOCK	02/13/2026		F		1,092⁽²⁾	D	$55.27	13,104	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
RESTRICTED STOCK UNITS	$0⁽¹⁾	02/13/2026		M			2,400	⁽³⁾	⁽³⁾	COMMON STOCK	2,400	$0	0	D
RESTRICTED STOCK UNITS	$0⁽¹⁾	02/13/2026		M			2,727	⁽⁴⁾	⁽⁴⁾	COMMON STOCK	2,727	$0	2,727	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 a grant of 8,180 shares awarded on March 19, 2024, that have vested or will vest as to 2,726 shares on February 13, 2025; 2,727 shares on February 13, 2026; and 2,727 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).
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.

Source: View Original Filing on SEC EDGAR