Delta Air Lines (NYSE: DAL) EVP Bellemare sells 20,621 shares

Rhea-AI Filing Summary

Delta Air Lines EVP & President - International Alain Bellemare sold common stock in an open-market transaction. On this date, he sold 20,621 shares of Delta Air Lines common stock at a weighted average price of $72.751 per share, with trades executed between $72.740 and $72.780 per share through a broker-dealer.

Following this sale, Bellemare directly holds 120,025 shares of Delta Air Lines common stock, indicating he retains a substantial equity position after the transaction.

Insider Trade Summary

Net Seller: 20,621 shares ($1,500,198)

Net Sell 1 txn

Insider BELLEMARE ALAIN

Role EVP & Pres. - International

Sold 20,621 shs ($1.50M)

Type	Security	Shares	Price	Value
Sale	Common Stock	20,621	$72.751	$1.50M

Holdings After Transaction: Common Stock — 120,025 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 20,621 shares Weighted average sale price: $72.751 per share Post-transaction holdings: 120,025 shares +2 more

5 metrics

Shares sold 20,621 shares Open-market sale of common stock

Weighted average sale price $72.751 per share Average price across multiple broker-dealer trades

Post-transaction holdings 120,025 shares Common stock directly owned after the sale

Sale price range $72.740–$72.780 per share Range of execution prices in the sale

Transaction code S Sale in open market or private transaction

Key Terms

open-market sale, weighted average price, Common Stock, broker-dealer

4 terms

open-market sale financial

"transaction_action":"open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

broker-dealer financial

"sold in multiple transactions through a broker-dealer at prices"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

BELLEMARE ALAIN

(Last) (First) (Middle)

C/O DELTA AIR LINES, INC., DEPT. 981

1030 DELTA BLVD.

(Street)

ATLANTA GEORGIA 30354

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DELTA AIR LINES, INC. [ DAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Pres. - International

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/07/2026		S		20,621	D	$72.751(1)	120,025	D

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. The reported shares were sold in multiple transactions through a broker-dealer at prices ranging from $72.740 to $72.780 per share, inclusive. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the Staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc.

	/s/ Alan T. Rosselot as attorney-in-fact for Alain M. Bellemare	05/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Delta Air Lines (DAL) report for Alain Bellemare?

Delta Air Lines reported that Alain Bellemare, EVP & President - International, sold 20,621 shares of common stock in an open-market transaction. The sale was executed through a broker-dealer at a weighted average price of $72.751 per share.

How many Delta Air Lines (DAL) shares did Alain Bellemare sell and at what price?

Alain Bellemare sold 20,621 Delta Air Lines common shares at a weighted average price of $72.751. According to the disclosure, individual trades occurred between $72.740 and $72.780 per share through a broker-dealer.

How many Delta Air Lines (DAL) shares does Alain Bellemare hold after the sale?

After the reported sale, Alain Bellemare directly owns 120,025 shares of Delta Air Lines common stock. This post-transaction figure shows he maintains a significant remaining equity stake in the company despite the open-market sale.

What does the Form 4 reveal about the nature of Alain Bellemare’s DAL transaction?

The Form 4 shows an open-market sale of Delta Air Lines common stock by Alain Bellemare. It classifies the transaction with code “S,” indicating a sale in the open market or private transaction, executed through a broker-dealer across multiple price points.

Were Alain Bellemare’s Delta Air Lines (DAL) shares sold in a single trade or multiple trades?

The filing states the reported shares were sold in multiple transactions through a broker-dealer. These trades occurred at prices ranging from $72.740 to $72.780 per share, resulting in a weighted average sale price of $72.751 per share.