Form 4: SCHNEIDER ANDREA L reports multiple insider transactions in ALK

Rhea-AI Filing Summary

SCHNEIDER ANDREA L reported multiple insider transaction types in a Form 4 filing for ALK. The filing lists transactions totaling 6,204 shares at a weighted average price of $57.50 per share. Following the reported transactions, holdings were 5,574 shares.

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^*

SCHNEIDER ANDREA L

(Last) (First) (Middle)

C/O 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)
	Pres & CEO Horizon Airlines

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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	02/11/2026		M		2,786	A	$0(1)	38,252	D
COMMON STOCK	02/11/2026		F		632(2)	D	$57.5	37,620	D
COMMON STOCK								15	I	By Spouse

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(1)	02/11/2026		M			2,786	(3)	(3)	COMMON STOCK	2,786	$0	5,574	D

Explanation of Responses:

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

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. The RSUs vesting were from a grant of 8,360 shares awarded on February 11, 2025, that vests in 1/3 increments over three years (2/11/2026, 2/11/2027, and 2/11/2028).

Remarks:

	/s/ Howard Kuppler, by power of attorney	02/13/2026
	** 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).
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FAQ

What insider transaction did ALK executive Andrea Schneider report on February 11, 2026?

Andrea Schneider reported the vesting and conversion of 2,786 restricted stock units into Alaska Air Group common shares. These RSUs were part of a prior grant and represent routine equity compensation rather than an open-market stock purchase or sale.

How many Alaska Air Group (ALK) shares were withheld for taxes in this Form 4?

A total of 632 Alaska Air Group common shares were withheld to satisfy tax obligations from the RSU vesting. The withholding was priced at $57.50 per share and was treated as a disposition to the company, not a market transaction involving public investors.

How many ALK shares does Andrea Schneider own after the reported Form 4 transactions?

Following the reported activity, Andrea Schneider directly owned 37,620 shares of Alaska Air Group common stock. In addition, 15 shares are reported as indirectly owned through a spouse, reflecting a small separate holding classified as indirect beneficial ownership.

What are the terms of the restricted stock units reported by ALK executive Andrea Schneider?

The vested RSUs come from an 8,360-share grant awarded on February 11, 2025. That grant vests in three equal installments on 2/11/2026, 2/11/2027, and 2/11/2028, with each restricted stock unit representing a contingent right to receive one ALK common share.

Was the Alaska Air Group insider transaction an open-market sale of ALK stock?

No. The filing shows RSU conversion into common stock and a tax-withholding disposition of 632 shares to the company. The withheld shares satisfied tax obligations from vesting rather than representing a discretionary open-market sale of Alaska Air Group shares.

What role does Andrea Schneider hold at Alaska Air Group’s Horizon Airlines subsidiary?

Andrea Schneider is reported as the President and CEO of Horizon Airlines, a subsidiary of Alaska Air Group. The Form 4 reflects equity awards and related share movements connected to this executive role, including RSU vesting and associated tax-withholding share disposition.