Delta (NYSE: DAL) CEO offloads 100,000 shares around $70

Rhea-AI Filing Summary

Delta Air Lines Chief Executive Officer Edward H. Bastian sold 100,000 shares of Delta common stock in an open-market transaction. The sale took place on February 26, 2026 at a weighted average price of $70.257 per share, with individual trade prices ranging from $70.250 to $70.320. After this sale, Bastian directly owns 1,363,448 Delta shares, indicating he retains a substantial equity stake in the company.

Insider Trade Summary

Net Seller: 100,000 shares ($7,025,700)

Net Sell 1 txn

Insider Bastian Edward H

Role Chief Executive Officer

Sold 100,000 shs ($7.03M)

Type	Security	Shares	Price	Value
Sale	Common Stock	100,000	$70.257	$7.03M

Holdings After Transaction: Common Stock — 1,363,448 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^*

Bastian Edward H

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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	02/26/2026		S		100,000	D	$70.257(1)	1,363,448	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 $70.250 to $70.320 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 Edward H. Bastian	02/27/2026
	** 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.

FAQ

What insider transaction did Delta (DAL) CEO Edward H. Bastian report?

Edward H. Bastian reported selling 100,000 shares of Delta common stock. The transaction was an open-market sale executed on February 26, 2026, reflecting a routine share sale while he continues to hold a significant remaining equity position in the company.

At what price did Delta (DAL) CEO Edward H. Bastian sell his shares?

Bastian’s 100,000-share sale was executed at a weighted average price of $70.257. According to the disclosure, individual trades occurred through a broker-dealer in a price range from $70.250 to $70.320 per share, inclusive, during the same trading session.

How many Delta (DAL) shares does CEO Edward H. Bastian own after the sale?

Following the sale, Bastian directly owns 1,363,448 shares of Delta common stock. This post-transaction balance, reported in the filing, shows he maintains a large ownership position despite reducing his holdings by 100,000 shares in the reported transaction.

Was the Delta (DAL) CEO’s share sale an open-market transaction?

Yes, the transaction is described as an open-market sale. The filing characterizes the code “S” trade as a sale in the open market or a private transaction, with execution handled through a broker-dealer over a narrow intraday price range.

What additional pricing detail did Delta (DAL) provide about the CEO’s sale?

The company detailed that the reported price is a weighted average across multiple trades. Shares were sold through a broker-dealer at prices between $70.250 and $70.320 per share, and the reporting person offered to provide exact trade breakdowns upon request.