Alaska Air EVP Sells 14,500 Shares, Updates Holdings

Alaska Air Group EVP and CCO Andrew R. Harrison reported several stock transactions on February 13, 2026.

Rhea-AI Filing Summary

Alaska Air Group EVP and CCO Andrew R. Harrison reported several stock transactions on February 13, 2026. He sold 14,500 shares of common stock in open-market transactions at a weighted average price of $54.8112 per share.

On the same date, he converted restricted stock units into common stock in two blocks of 17,020 and 8,860 shares at a $0 exercise price, and had 6,410 and 3,337 shares withheld at $55.27 per share to cover tax obligations. After these transactions, he directly owned 36,328 shares of common stock and held 8,860 restricted stock units outstanding.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 7 txns

Insider HARRISON ANDREW R

Role EVP AND CCO

Sold 14,500 shs ($795K)

Approx. gross sale proceeds $795K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS	17,020	$0.00	$0.00
Exercise	RESTRICTED STOCK UNITS	8,860	$0.00	$0.00
Sale	COMMON STOCK	14,500	$54.8112	$795K
Exercise	COMMON STOCK	17,020	$0.00	$0.00
Exercise Price or Tax Liability	COMMON STOCK	6,410	$55.27	$354K
Exercise	COMMON STOCK	8,860	$0.00	$0.00
Exercise Price or Tax Liability	COMMON STOCK	3,337	$55.27	$184K

Holdings After Transaction: RESTRICTED STOCK UNITS — 8,860 contracts (Direct); COMMON STOCK — 36,328 shares (Direct)

Footnotes (5)

1. F1. The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $54.78 to $54.945, 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 sold at each separate price within the ranges set forth in this footnote.
2. F2. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
3. F3. 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.
4. F4. The RSUs vest as to 100% of the shares granted on February 13, 2026.
5. F5. The RSUs vesting were from grants of 26,580 shares that vested or will vest in three annual installments as follows: 8,860 shares on February 13, 2025; 8,860 shares on February 13, 2026; and 8,860 shares on February 13, 2027.

FAQ

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What insider activity did ALK EVP Andrew Harrison report on this Form 4?

Andrew R. Harrison reported multiple February 13, 2026 transactions, including an open-market sale of 14,500 Alaska Air Group common shares and several conversions of restricted stock units into common shares, along with share withholdings to satisfy tax obligations tied to RSU vesting.

How many Alaska Air Group (ALK) shares did the EVP sell and at what price?

He sold 14,500 shares of Alaska Air Group common stock at a weighted average price of $54.8112 per share. The filing notes these sales occurred across multiple trades between $54.78 and $54.945, with full pricing details available upon request from the company or regulators.

What restricted stock unit (RSU) conversions did the ALK executive report?

He converted two RSU blocks into common stock: 17,020 units and 8,860 units, each at an exercise price of $0. Each RSU represents a contingent right to receive one ALK common share, reflecting equity-based compensation vesting on the reported transaction date.

Why were some Alaska Air Group (ALK) shares disposed of under code F?

Shares reported under code F, totaling 6,410 and 3,337 shares at $55.27 per share, were withheld to cover tax withholding obligations from RSU vesting. These are described as exempt dispositions to the issuer under Rule 16b-3(e), rather than open-market sales.

How many Alaska Air Group (ALK) shares does the EVP own after these transactions?

Following the February 13, 2026 transactions, Andrew R. Harrison directly owned 36,328 shares of Alaska Air Group common stock. He also retained 8,860 restricted stock units outstanding, scheduled to vest as part of a three-installment RSU grant structure described in the footnotes.

What does the Form 4 reveal about future RSU vesting for ALK’s EVP?

The filing explains a 26,580-share RSU grant vests in three equal annual installments of 8,860 shares on February 13, 2025, 2026, and 2027. One RSU tranche vested fully on February 13, 2026, contributing to the conversions and related tax-withholding dispositions.

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Accepted by SEC EDGAR 02/17/2026 - 06:32 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^*

HARRISON ANDREW R

(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 AND CCO

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		S		14,500	D	$54.8112(1)	20,195	D
COMMON STOCK	02/13/2026		M		17,020	A	$0(2)	37,215	D
COMMON STOCK	02/13/2026		F		6,410(3)	D	$55.27	30,805	D
COMMON STOCK	02/13/2026		M		8,860	A	$0(2)	39,665	D
COMMON STOCK	02/13/2026		F		3,337(3)	D	$55.27	36,328	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(2)	02/13/2026		M			17,020	(4)	(4)	COMMON STOCK	17,020	$0	0	D
RESTRICTED STOCK UNITS	$0(2)	02/13/2026		M			8,860	(5)	(5)	COMMON STOCK	8,860	$0	8,860	D

Explanation of Responses:

1. The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $54.78 to $54.945, 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 sold at each separate price within the ranges set forth in this footnote.

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

3. 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.

4. The RSUs vest as to 100% of the shares granted on February 13, 2026.

5. The RSUs vesting were from grants of 26,580 shares that vested or will vest in three annual installments as follows: 8,860 shares on February 13, 2025; 8,860 shares on February 13, 2026; and 8,860 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.
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