Delta CEO Exercises Options and Sells 173K Shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Delta Air Lines, Inc. Chief Executive Officer Edward H. Bastian exercised employee stock options to acquire 173,230 shares of common stock at $43.6100 per share on January 15, 2026, then sold the same 173,230 shares in broker-dealer transactions at a weighted average price around $71.000 per share, and held 632,823 common shares directly afterward.
Insider Trade Summary
Exercise and Sale: 173,230 shares ($4.74M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Bastian Edward H
Role
Chief Executive Officer
Sold
173,230 shs ($12.30M)
Approx. gross sale proceeds
$12.30M
Approx. exercise cost
$7.55M
Approx. pre-tax spread
$4.74M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 173,230 | $0.00 | $0.00 |
| Exercise | Common Stock | 173,230 | $43.61 | $7.55M |
| Sale | Common Stock | 173,230 | $71.00 | $12.30M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 632,823 shares (Direct)
Footnotes (2)
- F1. 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 $71.000 to $71.035 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.
- F2. The option is currently exercisable.
Key Figures
Options Exercised: 173230.0000 shares
Shares Sold: 173230.0000 shares
Strike Price: $43.6100 per share
+3 more
6 metrics
Options Exercised
173230.0000 shares
Employee stock options exercised on 2026-01-15 at $43.6100 per share
Shares Sold
173230.0000 shares
Common stock sold on 2026-01-15 at $71.0000 per share in broker-dealer trades
Strike Price
$43.6100 per share
Conversion or exercise price for employee stock option expiring 2026-02-01
Sale Price Range
$71.000 to $71.035 per share
Weighted average sale price range for 173,230 shares sold through a broker-dealer
Post-Transaction Holdings
632,823 shares
Direct common stock holdings reported after the transactions
Option Expiration
2026-02-01
Expiration date of the exercised employee stock option
Key Terms
Employee Stock Option (right to buy), weighted average price, broker-dealer, derivative security
4 terms
Employee Stock Option (right to buy) financial
"security_title" : "Employee Stock Option (right to buy)""
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.
broker-dealer financial
"shares were sold in multiple transactions through a broker-dealer"
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.
derivative security financial
"Exercise or conversion of derivative security"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Delta Air Lines (DAL) report for CEO Edward H. Bastian?
Edward H. Bastian exercised 173,230 employee stock options at $43.6100 per share, acquiring common stock, and on the same day sold 173,230 shares in broker-dealer transactions at a weighted average price around $71.000 per share.
What type of securities did Delta Air Lines (DAL) CEO transact in this filing?
The filing shows an exercise of Employee Stock Options covering 173,230 shares of common stock, followed by a sale of 173,230 shares of Delta common stock, all reported as direct ownership transactions.
When did the reported Delta Air Lines (DAL) insider transactions occur and what was the option expiry?
All reported transactions occurred on January 15, 2026. The exercised employee stock option, covering 173,230 shares of common stock at $43.6100 per share, carried an expiration date of February 1, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates