Alaska Air Group (ALK) CFO disposes of 24,000 shares in open-market sale

Rhea-AI Filing Summary

Alaska Air Group executive Shane R. Tackett, EVP and CFO, sold 24,000 shares of common stock in an open-market transaction at a weighted average price of $57.1472 per share on February 18, 2026. After the sale, he directly owned 43,377 shares, and 2,806 additional shares were held indirectly through the Alaska Air Group Employee Stock Ownership 401(k) Plan Trust as of December 31, 2025.

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

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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^*

TACKETT SHANE 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 CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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	02/18/2026		S		24,000	D	$57.1472(1)	43,377	D
COMMON STOCK								2,806	I	ESOP TRUST(2)

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 sold in multiple transactions at prices ranging from $57.0901 to $57.32, 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. Common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(K) Plan Trust, as of 12/31/2025.

Remarks:

	/s/ Howard Kuppler, by power of attorney	02/19/2026
	** 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.

FAQ

What insider transaction did Alaska Air Group (ALK) report for Shane R. Tackett?

Alaska Air Group reported that EVP and CFO Shane R. Tackett sold 24,000 shares of common stock in an open-market transaction. The sale occurred at a weighted average price of $57.1472 per share on February 18, 2026, according to the Form 4 filing.

At what price did Alaska Air Group’s CFO sell his ALK shares?

The CFO’s 24,000-share sale used a weighted average price of $57.1472 per share. The filing notes these shares were sold in multiple trades, with individual prices ranging from $57.0901 to $57.32, and detailed trade breakdowns are available upon request.

How many Alaska Air Group (ALK) shares does Shane R. Tackett hold after the sale?

After the reported transaction, Shane R. Tackett directly owned 43,377 shares of Alaska Air Group common stock. In addition, 2,806 shares were held indirectly for his benefit in the Alaska Air Group Employee Stock Ownership 401(k) Plan Trust as of December 31, 2025.

What does the Form 4 say about Alaska Air Group ESOP shares for the CFO?

The Form 4 discloses that 2,806 common shares are held for Shane R. Tackett in the Alaska Air Group Employee Stock Ownership 401(k) Plan Trust. These ESOP-related shares are reported as indirect ownership and are stated as of December 31, 2025, in the filing footnotes.

Was the Alaska Air Group (ALK) CFO’s stock sale a market transaction?

Yes, the Form 4 identifies the transaction as an open-market or private sale coded “S.” It describes a weighted average sale price, with multiple trades executed between $57.0901 and $57.32 per share on February 18, 2026, for a total of 24,000 shares.