Were the UAL Form 4 share dispositions by Kate Gebo open-market sales?

The reported share dispositions were tax-withholding transactions , not labeled as open-market sales. They reflect shares delivered at $109.29 per share to satisfy tax obligations arising from performance-based restricted stock unit settlements in 2023 for Kate Gebo or her spouse.

How did tax withholding affect Kate Gebo’s UAL share holdings?

To pay tax obligations from PB RSU settlements, 20,154 directly held and 2,282 indirectly held UAL shares were delivered at $109.29 per share. These tax-withholding dispositions reduced the gross number of shares received from the 2023 performance-based restricted stock unit awards.

United Airlines (UAL) EVP reports stock awards and tax share disposals

Q: What role does Kate Gebo hold at United Airlines Holdings (UAL)?

Kate Gebo serves as EVP HR and Labor Relations at United Airlines Holdings, Inc. This officer role is disclosed in the Form 4, which reports her direct and indirect ownership changes in the company’s common stock related to equity awards and associated tax withholding.

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

United Airlines Holdings, Inc. EVP Kate Gebo reported multiple equity transactions in common stock tied to performance-based restricted stock units granted in 2023. She acquired 48,509 shares directly and 7,613 shares indirectly at a stated price of $0.00 per share upon settlement of these awards.

To cover tax withholding obligations from the same PB RSU settlements, 20,154 shares of common stock held directly and 2,282 shares held indirectly were disposed of at $109.29 per share. Some indirect holdings are in revocable trusts and by her spouse, as disclosed in the footnotes.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Gebo Kate

Role EVP HR and Labor Relations

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	48,509	$0.00	--
Tax Withholding	Common Stock	20,154	$109.29	$2.20M
Grant/Award	Common Stock	7,613	$0.00	--
Tax Withholding	Common Stock	2,282	$109.29	$249K

Holdings After Transaction: Common Stock — 105,810 shares (Direct); Common Stock — 64,914 shares (Indirect, See Footnote)

Footnotes (1)

Represents shares of UAL common stock acquired upon the settlement of performance-based restricted stock units ("PB RSUs") granted to the reporting person or, as applicable, the spouse of the reporting person in 2023. This transaction represents the withholding of shares to pay tax withholding obligations associated with the settlement of the PB RSU awards referenced in footnote 1, above, with respect to the reporting person or, as applicable, the spouse of the reporting person. Balance held in a revocable trust in the name of the reporting person. By spouse of the reporting person. Balance held in a revocable trust in the name of the spouse of the reporting person.

Form 4 Insider Transactions: What Each Field Means →

02/18/2026 - 06:35 PM

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
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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^*

Gebo Kate

(Last)

(First)

(Middle)

P. O. BOX 66100 HDQLD

(Street)

CHICAGO

60666

(City)

(State)

(Zip)

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 HR and Labor Relations

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/13/2026		A⁽¹⁾		48,509	A	$0	105,810	D
Common Stock	02/13/2026		F⁽²⁾		20,154	D	$109.29	85,656	D⁽³⁾
Common Stock	02/13/2026		A⁽¹⁾		7,613	A	$0	64,914	I	See Footnote⁽⁴⁾
Common Stock	02/13/2026		F⁽²⁾		2,282	D	$109.29	62,632	I	See Footnote⁽⁴⁾⁽⁵⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of UAL common stock acquired upon the settlement of performance-based restricted stock units ("PB RSUs") granted to the reporting person or, as applicable, the spouse of the reporting person in 2023.

2. This transaction represents the withholding of shares to pay tax withholding obligations associated with the settlement of the PB RSU awards referenced in footnote 1, above, with respect to the reporting person or, as applicable, the spouse of the reporting person.

3. Balance held in a revocable trust in the name of the reporting person.

4. By spouse of the reporting person.

5. Balance held in a revocable trust in the name of the spouse of the reporting person.

Remarks:

	/s/ James Cotton for Kate Gebo	02/18/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did UAL executive Kate Gebo report on this Form 4?

Kate Gebo reported acquisitions from performance-based restricted stock unit settlements and share dispositions for tax withholding. She received 48,509 UAL common shares directly and 7,613 indirectly, and had 20,154 direct and 2,282 indirect shares withheld at $109.29 per share.

How many United Airlines shares did Kate Gebo acquire through awards?

Kate Gebo acquired UAL common stock through performance-based restricted stock unit settlements, receiving 48,509 shares directly and 7,613 shares indirectly. These awards were originally granted in 2023 and settled at a stated price of $0.00 per share in the reported transactions.

What does indirect ownership mean in Kate Gebo’s UAL Form 4 filing?

Indirect ownership in this filing refers to UAL shares held through related arrangements. Footnotes state that balances are held in revocable trusts in the names of Kate Gebo or her spouse, and by her spouse directly, rather than solely in her own direct brokerage account.

What role does Kate Gebo hold at United Airlines Holdings (UAL)?

Kate Gebo serves as EVP HR and Labor Relations at United Airlines Holdings, Inc. This officer role is disclosed in the Form 4, which reports her direct and indirect ownership changes in the company’s common stock related to equity awards and associated tax withholding.