Emily Halverson - Feb 25, 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: VP FIN AND CONTROLLER
Signature: /s/ Howard Kuppler, by power of attorney
Stock symbol: ALK
Transactions as of: Feb 25, 2023
Transactions value $: -$4,635
Form type: 4
Date filed: 2/28/2023, 03:45 PM
Previous filing: Feb 14, 2023
Next filing: Mar 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Options Exercise	$0	+400	+8.29%	$0.00	5.23K	Feb 25, 2023	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	-$4.64K	-98	-1.88%	$47.30	5.13K	Feb 25, 2023	Direct	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	-400	-100%	$0.00^*	0	Feb 25, 2023	COMMON STOCK	400	$0.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.
F2	The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.