[144] Delta Air Lines, Inc. SEC Filing

Rhea-AI Filing Summary

Delta Air Lines, Inc. (DAL) has submitted a Form 144 indicating a proposed sale of insider-held shares. The notice covers the disposition of 18,000 common shares through Fidelity Brokerage Services, with an aggregate market value of $1,007,358.04. The seller acquired the shares via restricted-stock vesting on 02 Feb 2025 and plans to begin selling on or after 15 Jul 2025 on the NYSE. No other sales by this insider have occurred in the past three months. Relative to the company’s 652,948,402 shares outstanding, the proposed sale represents roughly 0.003 %, signalling only a modest potential dilution. The signatory affirms awareness of no undisclosed adverse information.

Positive

• Regulatory transparency: Insider followed Rule 144 disclosure requirements, aiding investor visibility into insider transactions.

Negative

• Insider selling: Although small, the filing reflects an insider’s intent to reduce exposure, which some investors may view pessimistically.

Insights

Securities Analyst

TL;DR Small insider sale (18k shares, ≈$1 M) is immaterial to DAL’s float and unlikely to move the stock.

The filing signals an insider’s intent to diversify or monetize vested shares. At 0.003 % of shares outstanding, the transaction is negligible relative to Delta’s daily trading volume and market capitalization. Because it is a planned sale under Rule 144, the disclosure does not imply new fundamental information about Delta’s operations or outlook. Overall market impact should be neutral.

Corporate Governance Expert

TL;DR Routine Form 144 shows compliance; magnitude too small to raise governance concerns.

Management’s prompt filing supports transparency and adherence to SEC rules. The shares were acquired as compensation and are being sold in an orderly manner via a reputable broker. No aggregation of additional insiders is disclosed, and there is a clear representation of no undisclosed material adverse information. Governance risk from this sale is minimal.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	18000	1007358.04	652948402	07/15/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/05/2025	Restricted Stock Vesting	Issuer			18000	02/05/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Delta Air Lines (DAL) shares are covered by the Form 144?

The notice covers 18,000 common shares.

What is the aggregate market value of the proposed DAL sale?

The shares are valued at approximately $1,007,358.04.

When can the DAL insider begin selling the shares?

The approximate sale date listed is 07/15/2025.

How were the DAL shares acquired by the insider?

They were obtained through restricted stock vesting on 02/05/2025 as compensation.

What percentage of Delta’s outstanding shares does 18,000 represent?

Roughly 0.003 % of the 652,948,402 shares outstanding.