United Airlines Holdings, Inc. (NASDAQ: UAL) CFO sells 10,000 shares under 10b5-1 plan

Rhea-AI Filing Summary

United Airlines Holdings, Inc. executive Michael D. Leskinen, EVP & Chief Financial Officer, reported selling 10,000 shares of common stock on August 3, 2026 at a weighted-average price of $128.19 per share, in multiple trades between $125.66 and $129.93, pursuant to a Rule 10b5-1 trading plan adopted on April 30, 2026. Following this sale, he directly holds 47,436 shares and has indirect authority over 1,500 shares held in his mother's account through a power of attorney.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares

Net Sell 2 txns

Insider Leskinen Michael D.

Role EVP & Chief Financial Officer

Sold 10,000 shs ($1.28M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	10,000	$128.19	$1.28M
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 47,436 shares (Direct); Common Stock — 1,500 shares (Indirect, See Footnote)

Footnotes (3)

1. F1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 30, 2026.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.66 to $129.93, inclusive. The reporting person undertakes to provide to United Airlines Holdings, Inc., any security holder of United Airlines Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
3. F3. Represents shares held in an account by the reporting person's mother over which the reporting person holds a power of attorney.

Key Figures

Shares sold: 10,000 shares Weighted-average sale price: $128.19 per share Sale price range: $125.66–$129.93 per share +2 more

5 metrics

Shares sold 10,000 shares Common stock sale by EVP & CFO on August 3, 2026

Weighted-average sale price $128.19 per share Average price for 10,000 shares sold on August 3, 2026

Sale price range $125.66–$129.93 per share Price range for multiple sale transactions on August 3, 2026

Direct holdings after sale 47,436 shares Direct common stock ownership following reported transaction

Indirect holdings 1,500 shares Shares in mother’s account over which the insider holds power of attorney

Key Terms

Rule 10b5-1 trading plan, weighted average price, power of attorney

3 terms

Rule 10b5-1 trading plan regulatory

"Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

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.

power of attorney regulatory

"over which the reporting person holds a power of attorney."

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/05/2026 - 06:09 PM Accepted by SEC EDGAR 08/05/2026 - 06:08 PM Learn about SEC filing dates

FAQ

What insider stock sale did United Airlines Holdings (UAL) report for Michael D. Leskinen?

United Airlines Holdings (UAL) reported that EVP & CFO Michael D. Leskinen sold 10,000 shares of common stock on August 3, 2026 at a weighted-average price of $128.19 per share in multiple trades executed under a Rule 10b5-1 trading plan.

At what prices did UAL’s CFO sell his 10,000 shares of common stock?

The reported weighted-average sale price was $128.19 per share. The 10,000 shares of United Airlines Holdings (UAL) common stock were sold in multiple transactions at prices ranging from $125.66 to $129.93, according to the Form 4 disclosure footnote.

How many United Airlines (UAL) shares does Michael Leskinen hold after the reported sale?

After the August 3, 2026 sale, Michael D. Leskinen directly holds 47,436 shares of United Airlines Holdings, Inc. (UAL) common stock. He also has indirect authority over an additional 1,500 shares held in his mother’s account through a power of attorney arrangement.

Was the UAL CFO’s 10,000-share sale made under a Rule 10b5-1 plan?

Yes. The Form 4 states the transaction was made pursuant to a Rule 10b5-1 trading plan adopted by Michael D. Leskinen on April 30, 2026. Such pre-arranged plans systematically schedule trades and can reduce the informational significance of transaction timing.

What indirect United Airlines (UAL) shareholdings are reported for Michael Leskinen?

The filing reports 1,500 shares of United Airlines Holdings, Inc. (UAL) common stock as indirectly held. These shares are in an account owned by Leskinen’s mother, over which he holds a power of attorney, and are disclosed as indirect ownership on the Form 4.

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).

X

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^*

Leskinen Michael D.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026

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	08/03/2026		S		10,000(1)	D	$128.19(2)	47,436	D
Common Stock								1,500	I	See Footnote(3)

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. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 30, 2026.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.66 to $129.93, inclusive. The reporting person undertakes to provide to United Airlines Holdings, Inc., any security holder of United Airlines Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.

3. Represents shares held in an account by the reporting person's mother over which the reporting person holds a power of attorney.

Remarks:

	/s/ James Cotton for Michael D. Leskinen	08/05/2026
	** 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)