Delta Air Lines (NYSE: DAL) operations chief sells 15,000 shares

Rhea-AI Filing Summary

Delta Air Lines EVP & Chief of Operations John E. Laughter reported an open-market sale of 15,000 shares of Delta common stock. The shares were sold on April 14, 2026 at a weighted average price of $71.606 per share in multiple broker-dealer transactions between $71.600 and $71.625 per share. After this sale, he directly holds 54,369 Delta shares, indicating he retains a substantial equity position in the company.

Insider Trade Summary

Net Seller: 15,000 shares ($1,074,090)

Net Sell 1 txn

Insider Laughter John E

Role EVP & Chief of Operations

Sold 15,000 shs ($1.07M)

Type	Security	Shares	Price	Value
Sale	Common Stock	15,000	$71.606	$1.07M

Holdings After Transaction: Common Stock — 54,369 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 15,000 shares Weighted average sale price: $71.606 per share Post-transaction holdings: 54,369 shares +1 more

4 metrics

Shares sold 15,000 shares Open-market sale of Delta common stock

Weighted average sale price $71.606 per share Price for 15,000-share sale on April 14, 2026

Post-transaction holdings 54,369 shares Direct ownership after reported sale

Price range of trades $71.600–$71.625 per share Multiple broker-dealer transactions on sale date

Key Terms

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

4 terms

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.

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.

broker-dealer financial

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

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.

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.

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^*

Laughter John E

(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 & Chief of Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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	04/14/2026		S		15,000	D	$71.606(1)	54,369	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 $71.600 to $71.625 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 John E. Laughter	04/15/2026
	** 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 DAL executive John E. Laughter report?

John E. Laughter reported an open-market sale of 15,000 Delta Air Lines shares. The transaction involved common stock and reflects a change in his direct ownership position while he continues to hold a significant remaining stake in the company.

At what price did DAL executive John E. Laughter sell his shares?

He sold 15,000 Delta Air Lines shares at a weighted average price of $71.606. The filing notes the trades were executed through a broker in multiple transactions between $71.600 and $71.625 per share.

How many DAL shares does John E. Laughter still own after the sale?

After the reported sale, John E. Laughter directly owns 54,369 Delta Air Lines common shares. This post-transaction holding shows he maintains a notable equity interest in the company despite the recent share disposition.

What type of transaction was reported in this DAL Form 4 filing?

The Form 4 discloses an open-market sale of Delta Air Lines common stock. The transaction is coded as “S,” indicating a sale in the open market or a private transaction, executed through a broker-dealer at closely grouped prices.

Who is the insider involved in this DAL Form 4 transaction?

The insider is John E. Laughter, Executive Vice President and Chief of Operations at Delta Air Lines. He is an officer rather than a director or 10% owner, and this filing reports changes to his directly held common stock position.