Andrea L. Schneider - Jan 27, 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: SVP PEOPLE
Signature: /s/ Howard Kuppler, by power of attorney
Stock symbol: ALK
Transactions as of: Jan 27, 2023
Transactions value $: -$42,155
Form type: 4
Date filed: 1/30/2023, 07:19 PM
Previous filing: Nov 8, 2022
Next filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Options Exercise	$38.9K	+1.6K	+10.14%	$24.40	17.3K	Jan 27, 2023	Direct
transaction	ALK	COMMON STOCK	Sale	-$81.1K	-1.6K	-9.2%	$50.81	15.7K	Jan 27, 2023	Direct	F1
holding	ALK	COMMON STOCK						15	Jan 27, 2023	HELD BY SPOUSE

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	EMPLOYEE STOCK OPTION (RIGHT TO BUY)	Options Exercise	$0	-1.6K	-100%	$0.00^*	0	Jan 27, 2023	COMMON STOCK	1.6K	$24.40	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $50.8000 to $50.8200, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, 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 footnote.
F2	The stock options exercised were from a grant of 6,380 stock options awarded on February 11, 2013, that vested as to 25% of the options granted on each of the first four anniversaries of the date of grant.

Content

The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $50.8000 to $50.8200, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, 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 footnote.

The stock options exercised were from a grant of 6,380 stock options awarded on February 11, 2013, that vested as to 25% of the options granted on each of the first four anniversaries of the date of grant.