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

Delta (NYSE: DAL) EVP exercises stock options and sells common shares

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Delta Air Lines EVP & Chief Info Officer Rahul D. Samant reported an option exercise and share sales. On 01/14/2026 he exercised an Employee Stock Option for 40,460 shares of common stock at an exercise price of $51.23 per share, fully using this option grant so that zero derivative securities remained beneficially owned.

On the same date, he reported two open market sales of Delta common stock at a price of $69.57 per share, first for 16,543 shares and then for 40,460 shares. After these transactions, he directly beneficially owned 36,246 shares of Delta common stock.

Positive

  • None.

Negative

  • None.
Insider Samant Rahul D
Role EVP & Chief Info Officer
Sold 57,003 shs ($3.97M)
Type Security Shares Price Value
Exercise Employee Stock Option (right to buy) 40,460 $0.00 --
Sale Common Stock 16,543 $69.57 $1.15M
Exercise Common Stock 40,460 $51.23 $2.07M
Sale Common Stock 40,460 $69.57 $2.81M
Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct); Common Stock — 36,246 shares (Direct)
Footnotes (1)
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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*
Samant Rahul D
(Last) (First) (Middle)
C/O DELTA AIR LINES, INC., DEPT. 981
1030 DELTA BLVD.
(Street)
ATLANTA GA 30354
(City) (State) (Zip)
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 Info Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/14/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 01/14/2026 S 16,543 D $69.57 36,246 D
Common Stock 01/14/2026 M 40,460 A $51.23 76,706 D
Common Stock 01/14/2026 S 40,460 D $69.57 36,246 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
Employee Stock Option (right to buy) $51.23 01/14/2026 M 40,460 (1) 02/07/2028 Common Stock 40,460 $0 0 D
Explanation of Responses:
1. The option is currently exercisable.
/s/ Alan T. Rosselot as attorney-in-fact for Rahul D. Samant 01/16/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Delta (DAL) report for Rahul D. Samant?

EVP & Chief Info Officer Rahul D. Samant reported exercising an Employee Stock Option for 40,460 shares of Delta common stock and selling shares on 01/14/2026.

How many Delta (DAL) shares did Rahul D. Samant sell?

On 01/14/2026 he reported selling 16,543 shares and a separate sale of 40,460 shares of Delta common stock at $69.57 per share.

What was the exercise price of Rahul D. Samant’s Delta stock option?

The Employee Stock Option exercised by Rahul D. Samant had an exercise price of $51.23 per share for 40,460 shares of Delta common stock.

How many Delta (DAL) shares does Rahul D. Samant own after these transactions?

Following the reported transactions on 01/14/2026, Rahul D. Samant directly beneficially owned 36,246 shares of Delta Air Lines common stock.

What happened to Rahul D. Samant’s Delta stock options in this filing?

He exercised 40,460 Employee Stock Options (right to buy) at $51.23 per share that were currently exercisable, and reported owning 0 derivative securities afterward.

Is this Delta (DAL) Form 4 filed for one reporting person or multiple?

The Form 4 is indicated as filed by one reporting person, identified as Rahul D. Samant, EVP & Chief Info Officer of Delta Air Lines.