Delta Air Lines (NYSE: DAL) EVP exercises 35,000 stock options at $39.78
Rhea-AI Filing Summary
BELLEMARE ALAIN reported disposition transactions in this Form 4 filing.
DELTA AIR LINES, INC. executive Alain Bellemare, EVP & President – International, reported an exercise of 35,000 Employee Stock Options (right to buy) into Common Stock at an exercise price of $39.78 per share on 2026-08-04.
After this derivative exercise, he beneficially owned 33,060 derivative securities. The amended report states it is filed solely to correct a typographical error in the column showing derivative securities beneficially owned following the transaction; the option is currently exercisable.
Positive
- None.
Negative
- None.
Insider Trade Summary
35,000 shares exercised/converted
Exercise
1 txn
Insider
BELLEMARE ALAIN
Role
EVP & Pres. - International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1, F2 | 35,000 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (right to buy) — 33,060 shares (Direct)
Footnotes (2)
- F1. The option is currently exercisable.
- F2. This amended Form 4 is filed solely to correct a typographical error in Column 9 "Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)."
Key Figures
Options Exercised: 35,000 shares
Exercise Price: $39.78 per share
Post-transaction Derivative Holdings: 33,060 derivative securities
+2 more
5 metrics
Options Exercised
35,000 shares
Employee Stock Option (right to buy) exercised on 2026-08-04
Exercise Price
$39.78 per share
Conversion or exercise price of Employee Stock Option
Post-transaction Derivative Holdings
33,060 derivative securities
Number of derivative securities beneficially owned following reported transaction(s)
Option Expiration Date
2031-02-02
Expiration date of the Employee Stock Option
Transaction Date
2026-08-04
Date of derivative exercise/conversion transaction
Key Terms
Employee Stock Option (right to buy), derivative security, beneficially owned, exercise or conversion of derivative security
4 terms
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
derivative security financial
""Number of Derivative Securities Beneficially Owned Following Reported Transaction(s).""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
beneficially owned financial
"Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did DAL executive Alain Bellemare report on this Form 4/A?
Alain Bellemare reported exercising 35,000 Employee Stock Options (right to buy) for Delta Air Lines Common Stock at an exercise price of $39.78 per share on 2026-08-04, converting derivative options into underlying shares.
How many Delta Air Lines (DAL) derivative securities does Alain Bellemare hold after the reported transaction?
Following the reported option exercise, Alain Bellemare beneficially owned 33,060 derivative securities. This figure appears in the corrected Column 9, titled "Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)."
What is the exercise price and size of the DAL options exercised by Alain Bellemare?
The Employee Stock Options exercised by Alain Bellemare covered 35,000 shares of Delta Air Lines Common Stock at an exercise price of $39.78 per share, with the option described as currently exercisable and expiring on 2031-02-02.
Why is this Delta Air Lines (DAL) insider filing labeled as an amended Form 4/A?
The report is amended solely to correct a typographical error in Column 9, which reports the "Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)," confirming a post-transaction balance of 33,060 derivative securities for Alain Bellemare.
Was Alain Bellemare’s DAL option exercise reported under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmatively relying on a trading plan, and there is no footnote stating the transaction was made pursuant to a Rule 10b5-1 or similar pre-arranged trading arrangement.