Alaska Air Group Settles 48 and 499 Executive Stock Units

The common shares were withheld for payroll taxes, and Schneider stated that no shares were delivered to or sold by her.

Rhea-AI Filing Summary

Alaska Air Group, Inc. officer Andrea L. Schneider, President & CEO Horizon Airlines, reported settlement of 48 and 499 restricted stock units on September 22, 2026. The corresponding common shares were withheld by the issuer solely for mandatory FICA and related payroll tax obligations, at a reported $41.91 per share. Schneider’s footnote states that no common shares were delivered to or sold by her; no Rule 10b5-1 plan is reported. The remaining RSUs remain unvested and subject to their original time-based vesting conditions.

Insider Trade Summary

547 shares exercised/converted

Exercise 7 txns

Insider SCHNEIDER ANDREA L

Role Pres & CEO Horizon Airlines

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS F2, F1, F3	48	$0.00	$0.00
Exercise	RESTRICTED STOCK UNITS F2, F1, F4	499	$0.00	$0.00
Exercise	COMMON STOCK F1, F2	48	$0.00	$0.00
Tax Withholding	COMMON STOCK F1	48	$41.91	$2K
Exercise	COMMON STOCK F1, F2	499	$0.00	$0.00
Tax Withholding	COMMON STOCK F1	499	$41.91	$21K
holding	COMMON STOCK	--	--	--

Holdings After Transaction: RESTRICTED STOCK UNITS — 14,103 contracts (Direct); COMMON STOCK — 45,189 shares (Direct); COMMON STOCK — 15 shares (Indirect, By Spouse)

Footnotes (4)

1. F1. The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
2. F2. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
3. F3. The RSUs being disposed were from a grant of 1,280 RSUs that subsequent to the reported transaction will now vest in three annual installments as follows: 378 shares on November 3, 2026; 427 shares on November 3, 2027; and 427 shares on November 3, 2028.
4. F4. The RSUs being disposed were from a grant of 13,370 RSUs that subsequent to the reported transaction will now vest in three annual installments as follows: 3,957 shares on February 10, 2027; 4,457 shares on February 10, 2028; and 4,457 shares on February 10, 2029.

Key Figures

Restricted stock units settled: 48 units Restricted stock units settled: 499 units Common shares withheld: 48 shares +3 more

6 metrics

Restricted stock units settled 48 units September 22, 2026

Restricted stock units settled 499 units September 22, 2026

Common shares withheld 48 shares For mandatory FICA and related payroll tax obligations

Common shares withheld 499 shares For mandatory FICA and related payroll tax obligations

Withholding price $41.91 per share Common shares withheld on September 22, 2026

Common stock held indirectly by spouse 15 shares Reported September 22, 2026

Key Terms

restricted stock units, mandatory FICA, substantial risk of forfeiture, time-based vesting conditions, +1 more

5 terms

restricted stock units financial

"Each restricted stock unit (RSUs) represents a contingent right"

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.

mandatory FICA regulatory

"solely to satisfy mandatory FICA and related payroll tax obligations"

substantial risk of forfeiture financial

"no longer being subject to a substantial risk of forfeiture"

time-based vesting conditions financial

"subject to the original time-based vesting conditions"

Rule 16b-3(e) regulatory

"exempt from Section 16(b) pursuant to Rule 16b-3(e)"

FAQ

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

What transactions did ALK officer Andrea L. Schneider report?

Andrea L. Schneider reported settlement of 48 and 499 restricted stock units on September 22, 2026. The corresponding common shares were withheld for mandatory FICA and related payroll tax obligations at $41.91 per share. She stated that no common shares were delivered to or sold by her.

When are Andrea L. Schneider’s RSUs scheduled to vest?

The 1,280-RSU grant will vest in installments of 378 shares on November 3, 2026, 427 shares on November 3, 2027, and 427 shares on November 3, 2028. The 13,370-RSU grant will vest in installments of 3,957 shares on February 10, 2027, 4,457 shares on February 10, 2028, and 4,457 shares on February 10, 2029.

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

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Available on EDGAR 09/24/2026 - 05:36 PM Accepted by SEC EDGAR 09/24/2026 - 05:35 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^*

SCHNEIDER ANDREA L

(Last) (First) (Middle)

C/O 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)
	Pres & CEO Horizon Airlines

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2026

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	09/22/2026		M(1)		48	A	$0(2)	45,237	D
COMMON STOCK	09/22/2026		F(1)		48	D	$41.91	45,189	D
COMMON STOCK	09/22/2026		M(1)		499	A	$0(2)	45,688	D
COMMON STOCK	09/22/2026		F(1)		499	D	$41.91	45,189	D
COMMON STOCK								15	I	By Spouse

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	(2)	09/22/2026		M(1)			48	(3)	(3)	COMMON STOCK	48	$0	1,232	D
RESTRICTED STOCK UNITS	(2)	09/22/2026		M(1)			499	(4)	(4)	COMMON STOCK	499	$0	12,871	D

Explanation of Responses:

1. The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).

2. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

3. The RSUs being disposed were from a grant of 1,280 RSUs that subsequent to the reported transaction will now vest in three annual installments as follows: 378 shares on November 3, 2026; 427 shares on November 3, 2027; and 427 shares on November 3, 2028.

4. The RSUs being disposed were from a grant of 13,370 RSUs that subsequent to the reported transaction will now vest in three annual installments as follows: 3,957 shares on February 10, 2027; 4,457 shares on February 10, 2028; and 4,457 shares on February 10, 2029.

Remarks:

	/s/ Howard Kuppler, by power of attorney	09/23/2026
	** 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)