[Form 4] DELTA AIR LINES, INC. Insider Trading Activity

Rhea-AI Filing Summary

Delta Air Lines director Vasant M. Prabhu received a stock-based compensation grant. On June 18, 2026, he acquired 2,380 shares of Delta common stock at no cash cost in a grant classified as a restricted stock award valued at $200,000 for non-employee directors. This award was approved by the Board of Directors and treated as exempt under Rule 16b-3(d)(1). Following the grant, Prabhu directly holds 15,100 Delta shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider PRABHU VASANT M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,380	$0.00	--

Holdings After Transaction: Common Stock — 15,100 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 2,380 shares Award value: $200,000 Shares after transaction: 15,100 shares +1 more

4 metrics

Shares granted 2,380 shares Restricted stock award on June 18, 2026

Award value $200,000 Annual restricted stock award for non-employee directors

Shares after transaction 15,100 shares Director’s direct holdings following grant

Price per share in grant $0.00 per share Compensation grant, not open-market purchase

Key Terms

restricted stock award, Rule 16b-3(d)(1), non-employee members of Delta's Board of Directors

3 terms

restricted stock award financial

"Non-employee members of Delta's Board of Directors receive an annual restricted stock award valued at $200,000."

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

Rule 16b-3(d)(1) regulatory

"The shares were acquired in a transaction exempt under Rule 16b-3(d)(1)."

non-employee members of Delta's Board of Directors financial

"Non-employee members of Delta's Board of Directors receive an annual restricted stock award valued at $200,000."

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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^*

PRABHU VASANT M

(Last) (First) (Middle)

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

1030 DELTA BOULEVARD

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

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	06/18/2026		A		2,380(1)	A	(1)	15,100	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. Non-employee members of Delta's Board of Directors receive an annual restricted stock award valued at $200,000. The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person, as approved by the Board of Directors on June 18, 2026. The shares were acquired in a transaction exempt under Rule 16b-3(d)(1).

	/s/ Alan T. Rosselot as attorney-in-fact for Vasant M. Prabhu	06/22/2026
	** 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) director Vasant Prabhu report?

Delta Air Lines director Vasant M. Prabhu reported receiving 2,380 shares of common stock as a restricted stock award. The grant represents his annual equity compensation as a non-employee board member and involved no cash purchase on his part.

How many Delta Air Lines (DAL) shares were granted to Vasant Prabhu and at what price?

Vasant M. Prabhu was granted 2,380 shares of Delta common stock at a reported transaction price of $0.00 per share. The grant reflects stock-based compensation rather than an open-market purchase and is part of the company’s director compensation program.

What is the total Delta Air Lines (DAL) shareholding of Vasant Prabhu after this Form 4 transaction?

After the grant, Vasant M. Prabhu directly holds 15,100 shares of Delta common stock. This total includes the newly awarded 2,380 restricted shares and represents his current reported direct ownership position following the June 18, 2026 transaction.

How are non-employee Delta Air Lines (DAL) directors compensated in stock?

Non-employee Delta Air Lines board members receive an annual restricted stock award valued at $200,000. The 2,380 shares reported for Vasant M. Prabhu represent his annual grant under this program, as approved by the Board of Directors on June 18, 2026.

Was Vasant Prabhu’s Delta Air Lines (DAL) stock award exempt from short-swing profit rules?

The filing states the shares were acquired in a transaction exempt under Rule 16b-3(d)(1). This rule allows certain board- or committee-approved compensation-related grants to be exempt from specific insider short-swing profit recovery provisions under Section 16 of the Exchange Act.

Did Vasant Prabhu buy or sell Delta Air Lines (DAL) shares on the open market?

The Form 4 shows an acquisition coded as a grant or award, not an open-market trade. Vasant M. Prabhu received 2,380 shares as a restricted stock award, with a transaction price of $0.00 per share, reflecting equity compensation rather than a discretionary market purchase.