[Form 4] Alaska Air Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Alaska Air Group insider transaction: EVP and CFO Shane R. Tackett sold 5,000 shares of Alaska Air Group, Inc. (ALK) on 08/13/2025 at a weighted-average price of $57.063 per share. After the sale, the reporting person directly beneficially owned 43,335 common shares and indirectly held 2,806 shares in the company ESOP trust. The filing discloses the sale price range ($57.0601 to $57.0801) and notes 155 shares were acquired under the company ESPP on April 30, 2025; the ESOP trust balance is stated as of June 30, 2025. The Form 4 was signed by power of attorney on 08/14/2025.

Insights

Financial Analyst

TL;DR: Routine insider sale by CFO; transaction is transparent and fully disclosed.

The Form 4 documents a single disposition of 5,000 common shares by the EVP and CFO on 08/13/2025 at a weighted-average price of $57.063, with the filer retaining 43,335 directly and 2,806 indirectly via the ESOP trust. The filing includes customary explanatory footnotes about weighted pricing and ESPP acquisitions and is signed by power of attorney. This disclosure provides clear transactional detail but contains no operational or financial performance information.

Corporate Governance Expert

TL;DR: Disclosure appears complete and compliant with Section 16 reporting requirements.

The submission names the reporting person, relationship (EVP and CFO), transaction date, nature of transaction (sale), weighted-average price range, and post-transaction holdings including ESOP and ESPP notes. The presence of explanatory footnotes and a POA signature indicates standard compliance practice. No amendments or unusual vesting/exercise details are present in this Form 4.

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
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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)
08/13/2025

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	08/13/2025		S		5,000	D	$57.063(1)	43,335(2)	D
COMMON STOCK(3)								2,806	I	ESOP TRUST

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 $57.0601 to $57.0801, 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. Includes 155 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan (ESPP) on April 30, 2025, in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).

3. Common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(k) Plan Trust, as of June 30, 2025.

Remarks:

	/s/ Howard Kuppler, by power of attorney	08/14/2025
	** 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) disclose on this Form 4?

The Form 4 reports that EVP and CFO Shane R. Tackett sold 5,000 shares of ALK on 08/13/2025 at a weighted-average price of $57.063 per share.

How many ALK shares does the reporting person own after the transaction?

After the sale, the reporting person directly beneficially owned 43,335 common shares and indirectly held 2,806 shares via the company ESOP trust.

Does the Form 4 provide details about the sale price range?

Yes. It states the weighted-average price and notes the shares were sold in multiple transactions at prices ranging from $57.0601 to $57.0801.

Are there any other equity holdings disclosed for the reporting person?

The filing notes 155 shares acquired under the Alaska Air Group ESPP on April 30, 2025 and the ESOP trust holdings as of June 30, 2025.

Who signed the Form 4 and when?

The Form 4 was signed by Howard Kuppler by power of attorney on 08/14/2025.