Andrew R. Harrison - Nov 5, 2021 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: EVP & CCO
Signature: /S/ JEANNE E GAMMON, ATTORNEY IN FACT FOR ANDREW R. HARRISON
Stock symbol: ALK
Transactions as of: Nov 5, 2021
Transactions value $: -$76,799
Form type: 4
Date filed: 11/8/2021, 04:35 PM
Next filing: Nov 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Options Exercise	$0	+3.29K	+25.28%	$0.00	16.3K	Nov 5, 2021	Direct
transaction	ALK	COMMON STOCK	Tax liability	-$76.8K	-1.29K	-7.95%	$59.35	15K	Nov 5, 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ALK	RESTRICTED STOCK UNITS	Options Exercise	$0	-3.29K	-33.33%	$0.00	6.57K	Nov 5, 2021	COMMON STOCK	3.29K	$0.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF RESTRICTED STOCK UNITS ON 11/05/2021.
F2	PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF ALK SHARES ON THE DATE SHARES WERE FORFEITED FOR TAXES.
F3	RESTRICTED STOCK UNITS VEST ANNUALLY IN EQUAL INSTALLMENTS ON THE FIRST THREE ANNIVERSARIES OF THE GRANT DATE AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.