Alaska Air Group's Levine converts grant to 210 shares

The 210-share vesting was one of three annual installments from a 630-share restricted-stock-unit grant.

Rhea-AI Filing Summary

Alaska Air Group, Inc. reported that EVP Corp Pub Aff & Chf Leg Off Kyle B. Levine’s 210 restricted stock units vested and converted one-for-one into 210 common shares on September 29, 2026. He had 420 restricted stock units following the conversion. On the same date, 83 common shares were withheld at $39.93 per share to satisfy tax withholding obligations arising from the RSU vesting. The RSUs came from a 630-share grant scheduled in three annual installments of 210 shares on September 29, 2026, September 29, 2027, and September 29, 2028.

Insider Trade Summary

210 shares exercised/converted

Exercise 3 txns

Insider LEVINE KYLE B

Role EVP Corp Pub Aff & Chf Leg Off

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS F1, F4	210	$0.00	$0.00
Exercise	COMMON STOCK F1	210	--	--
Tax Withholding	COMMON STOCK F2, F3	83	$39.93	$3K

Holdings After Transaction: RESTRICTED STOCK UNITS — 420 contracts (Direct); COMMON STOCK — 37,710 shares (Direct)

Footnotes (4)

1. F1. Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.
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 87 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 630 shares that vested or vests in three annual installments as follows: 210 shares on September 29, 2026; 210 shares on September 29, 2027; and 210 shares on September 29, 2028.

Key Figures

Restricted stock units vested: 210 restricted stock units Common shares acquired: 210 shares Shares withheld for tax obligations: 83 shares +3 more

6 metrics

Restricted stock units vested 210 restricted stock units September 29, 2026

Common shares acquired 210 shares Conversion of restricted stock units on September 29, 2026

Shares withheld for tax obligations 83 shares September 29, 2026

Price per share $39.93 per share Shares withheld on September 29, 2026

Restricted stock units following conversion 420 restricted stock units Reported following the September 29, 2026 transaction

Restricted stock unit grant 630 shares Three annual installments

Key Terms

Restricted Stock Units (RSUs), Rule 16b-3(e), Employee Stock Purchase Plan

3 terms

Restricted Stock Units (RSUs) technical

"Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis."

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

Rule 16b-3(e) regulatory

"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 shares did the ALK executive have withheld for taxes?

83 common shares were withheld at $39.93 per share to satisfy tax withholding obligations arising from the vesting of restricted stock units.

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 09/30/2026 - 08:48 PM Accepted by SEC EDGAR 09/30/2026 - 08:47 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^*

LEVINE KYLE B

(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 Corp Pub Aff & Chf Leg Off

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2026

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	09/29/2026		M		210	A	(1)	37,706	D
COMMON STOCK	09/29/2026		F		83(2)	D	$39.93	37,710(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)	09/29/2026		M			210	(4)	(4)	COMMON STOCK	210	$0	420	D

Explanation of Responses:

1. Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.

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 87 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 630 shares that vested or vests in three annual installments as follows: 210 shares on September 29, 2026; 210 shares on September 29, 2027; and 210 shares on September 29, 2028.

Remarks:

	/s/ Howard Kuppler, by power of attorney	09/30/2026
	** 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)