Delta Air Lines (DAL) EVP Sear trims stake with 38,600-share sale

Rhea-AI Filing Summary

Delta Air Lines executive Steven M. Sear, EVP – Global Sales & Distribution, sold 38,600 shares of Delta common stock on February 9, 2026. The shares were sold through a broker-dealer at a weighted average price of $75.051 per share, in multiple trades ranging from $75.020 to $75.125 per share. Following this transaction, Sear beneficially owns 104,404 shares of Delta Air Lines common stock, held directly.

Insider Trade Summary

Net Seller: 38,600 shares ($2,896,969)

Net Sell 1 txn

Insider Sear Steven M

Role EVP - Global Sales & Distrib

Sold 38,600 shs ($2.90M)

Type	Security	Shares	Price	Value
Sale	Common Stock	38,600	$75.051	$2.90M

Holdings After Transaction: Common Stock — 104,404 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^*

Sear Steven M

(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 - Global Sales & Distrib

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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	02/09/2026		S		38,600	D	$75.051(1)	104,404	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 $75.020 to $75.125 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 Steven M. Sear	02/10/2026
	** 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 DAL executive Steven M. Sear report?

Steven M. Sear, EVP – Global Sales & Distribution at Delta Air Lines (DAL), reported selling 38,600 shares of common stock on February 9, 2026, at a weighted average price of $75.051 per share, through multiple broker-executed trades.

At what prices did Steven M. Sear sell his DAL shares?

Steven M. Sear’s reported sale of Delta Air Lines (DAL) shares used a weighted average price of $75.051 per share, with individual broker-executed trades occurring between $75.020 and $75.125 per share, according to the Form 4 footnote disclosure.

How many DAL shares does Steven M. Sear own after this Form 4 sale?

After the February 9, 2026 sale, Steven M. Sear beneficially owns 104,404 shares of Delta Air Lines (DAL) common stock. The Form 4 indicates these shares are held directly, following the disposition of 38,600 shares in the reported transaction.

What role does Steven M. Sear hold at Delta Air Lines (DAL)?

Steven M. Sear is an officer of Delta Air Lines (DAL), serving as Executive Vice President – Global Sales & Distribution. This position and his insider status require reporting transactions in company stock on Form 4 under SEC Section 16 rules.

Was the DAL insider sale by Steven M. Sear a single trade or multiple trades?

The Delta Air Lines (DAL) insider sale reported by Steven M. Sear reflects multiple trades. A Form 4 footnote states the 38,600 shares were sold through a broker-dealer in several transactions within a price range of $75.020 to $75.125 per share.