United Airlines (NASDAQ: UAL) director gives 50,000 shares to charity

Rhea-AI Filing Summary

United Airlines Holdings, Inc. (UAL) director Edward Shapiro reported a disposition of shares through a bona fide gift. On 2026-08-19, he made a charitable donation of 50,000 shares of Common Stock, leaving him with 150,000 shares held directly after the transaction. No sale proceeds were reported, as the shares were transferred at $0.00 per share.

Insider Trade Summary

Net Seller: 50,000 shares

Net Sell 1 txn

Insider SHAPIRO EDWARD

Role Director

Type	Security	Shares	Price	Value
Gift	Common Stock F1	50,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 150,000 shares (Direct)

Footnotes (1)

1. F1. Represents a charitable donation by the reporting person.

Key Figures

Shares gifted: 50,000 shares of Common Stock Price per share: $0.00 per share Shares held after transaction: 150,000 shares of Common Stock

3 metrics

Shares gifted 50,000 shares of Common Stock Bona fide gift (charitable donation) on 2026-08-19

Price per share $0.00 per share Reported value for the 50,000-share bona fide gift

Shares held after transaction 150,000 shares of Common Stock Direct holdings reported following the gift disposition

Key Terms

bona fide gift, non-derivative, Rule 10b5-1

3 terms

bona fide gift financial

"transaction code description: Bona fide gift"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

non-derivative financial

"transaction_type: non-derivative"

Rule 10b5-1 regulatory

"document-level Rule 10b5-1 checkbox"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider transaction did Edward Shapiro report for UAL?

Edward Shapiro, a director of United Airlines Holdings, Inc. (UAL), reported a bona fide gift of 50,000 shares of Common Stock on 2026-08-19, characterized as a charitable donation rather than a sale for value.

How many UAL shares did Edward Shapiro donate in this Form 4 filing?

Edward Shapiro donated 50,000 shares of United Airlines Holdings, Inc. Common Stock. The transaction is coded as a G (bona fide gift) and is further described in the footnote as a charitable donation by the reporting person.

What is Edward Shapiro’s UAL shareholding after the reported gift?

Following the charitable gift, Edward Shapiro directly holds 150,000 shares of United Airlines Holdings, Inc. Common Stock. This post-transaction balance is reported in the Form 4 as the total shares following the transaction.

Was the UAL insider transaction by Edward Shapiro a sale on the market?

No. The Form 4 classifies the transaction as a bona fide gift (Code G), with $0.00 per share reported, and a footnote stating it represents a charitable donation by Edward Shapiro, rather than a market sale.

Was Edward Shapiro’s UAL stock gift made under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating the transaction was pursuant to a trading plan. Based on the filing, the 50,000-share charitable gift does not appear to be under a Rule 10b5-1 plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/21/2026 - 05:47 PM Accepted by SEC EDGAR 08/21/2026 - 05:46 PM Learn about SEC filing dates

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^*

SHAPIRO EDWARD

(Last) (First) (Middle)

P. O. BOX 66100 HDQLD

(Street)

CHICAGO ILLINOIS 60666

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
United Airlines Holdings, Inc. [ UAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026

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	08/19/2026		G		50,000(1)	D	$0	150,000	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. Represents a charitable donation by the reporting person.

Remarks:

	/s/ E. Anna Ha for Edward Shapiro	08/21/2026
	** 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)