Jason M. Berry - Mar 19, 2024 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: President, Horizon Air
Signature: /s/ Howard Kuppler, by power of attorney
Stock symbol: ALK
Transactions as of: Mar 19, 2024
Transactions value $: -$6,593
Form type: 4
Date filed: 3/21/2024, 04:59 PM
Previous filing: Nov 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Options Exercise	$0	+696	+286.42%	$0.00	939	Mar 20, 2024	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	-$6.59K	-170	-18.1%	$38.78	769	Mar 20, 2024	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	Award	$0	+8.18K		$0.00	8.18K	Mar 19, 2024	COMMON STOCK	8.18K		Direct	F1, F3
transaction	ALK	RESTRICTED STOCK UNITS	Options Exercise	$0	-696	-33.3%	$0.00	1.39K	Mar 20, 2024	COMMON STOCK	696		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
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.
F3	The RSUs vest in three annual installments as follows: 2,726 shares on February 13, 2025; 2,727 shares on February 13, 2026; and 2,727 shares on February 13, 2027.
F4	The RSUs vesting were from a grant of 2,090 shares that vested as to 696 shares on March 20, 2024; and that will vest as to 697 shares on March 20, 2025, and as to 697 shares on March 20, 2026.