Alaska Air CEO buys 25,000 shares at ~$40

ALASKA AIR GROUP, INC.

Rhea-AI Filing Summary

ALASKA AIR GROUP, INC. (ALK) reported that CEO and President Benito Minicucci purchased common stock in an open-market transaction. He bought 25,000 shares of ALK common stock on 2026-08-20 at a weighted average price of $40.0604 per share, with individual trade prices ranging from $40.04 to $40.09. Following this purchase, his directly held ownership increased to 256,582 shares of common stock.

Insider Trade Summary

Net Buyer: 25,000 shares

Net Buy 1 txn

Insider MINICUCCI BENITO

Role CEO AND PRESIDENT

Bought 25,000 shs ($1.00M)

Type	Security	Shares	Price	Value
Purchase	COMMON STOCK F1	25,000	$40.0604	$1.00M

Holdings After Transaction: COMMON STOCK — 256,582 shares (Direct)

Footnotes (1)

1. F1. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $40.04 to $40.09, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

Key Figures

Shares purchased: 25,000 shares of common stock Weighted average purchase price: $40.0604 per share Purchase price range: $40.04 to $40.09 per share +2 more

5 metrics

Shares purchased 25,000 shares of common stock Open-market purchase on 2026-08-20 by CEO Benito Minicucci

Weighted average purchase price $40.0604 per share Average price for the 25,000 shares purchased on 2026-08-20

Purchase price range $40.04 to $40.09 per share Range of prices for multiple trades comprising the 25,000-share purchase

Shares owned after transaction 256,582 shares CEO’s directly held ALK common stock following the reported purchase

Transactions reported as buys 1 transaction, 25,000 shares Form 4 transaction summary net-buy activity

Key Terms

weighted average price, open market or private transaction, beneficial ownership

3 terms

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open market or private transaction financial

"Transaction code P: Purchase in open market or private transaction"

beneficial ownership financial

"full information regarding the number of shares purchased at each separate price"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

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

What insider transaction did ALK report for CEO Benito Minicucci?

ALK reported that CEO Benito Minicucci purchased 25,000 shares of common stock on 2026-08-20 in an open-market transaction at a weighted average price of $40.0604 per share, with trade prices between $40.04 and $40.09.

What is Benito Minicucci’s ALK share ownership after this Form 4 transaction?

After the reported transaction, Benito Minicucci directly owns 256,582 shares of ALK common stock, as stated in the Form 4 under total shares following the transaction.

At what price did the ALK insider buy shares in this Form 4 filing?

The CEO’s purchase was reported at a weighted average price of $40.0604 per share. A footnote explains the shares were bought in multiple trades at prices ranging from $40.04 to $40.09 per share.

How many ALK shares did the CEO buy in the latest Form 4?

The CEO, Benito Minicucci, bought 25,000 shares of ALK common stock in the reported open-market transaction, according to the Form 4 transaction table.

Was the ALK CEO’s share purchase under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, so this 25,000-share purchase was not reported as being made under a Rule 10b5-1 trading plan.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 08/21/2026 - 04:59 PM EDT Accepted by SEC EDGAR 08/21/2026 - 04:59 PM EDT 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^*

MINICUCCI BENITO

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO AND PRESIDENT

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

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	08/20/2026		P		25,000	A	$40.0604(1)	256,582	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

Explanation of Responses:

1. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $40.04 to $40.09, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

Remarks:

	/s/ Howard Kuppler, by power of attorney	08/21/2026
	** 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)