Andrew P. Nocella - Feb 28, 2025 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
EVP & Chief Commercial Officer
Signature
/s/ James Cotton for Andrew P. Nocella
Stock symbol
UAL
Transactions as of
Feb 28, 2025
Transactions value $
-$1,587,171
Form type
4
Date filed
3/4/2025, 06:59 PM
Previous filing
Feb 25, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Options Exercise $0 +14K +9.72% $0.00 158K Feb 28, 2025 Direct F1, F2
transaction UAL Common Stock Options Exercise $0 +12.1K +7.62% $0.00 170K Feb 28, 2025 Direct F1, F3
transaction UAL Common Stock Options Exercise $0 +11.8K +6.95% $0.00 182K Feb 28, 2025 Direct F1, F4
transaction UAL Common Stock Tax liability -$1.59M -16.9K -9.28% $93.81 165K Feb 28, 2025 Direct F5

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 UAL Restricted Stock Units Options Exercise $0 -14K -100% $0.00 0 Feb 28, 2025 Common Stock 14K Direct F1, F2, F6
transaction UAL Restricted Stock Units Options Exercise $0 -12.1K -50% $0.00 12.1K Feb 28, 2025 Common Stock 12.1K Direct F1, F3, F6
transaction UAL Restricted Stock Units Options Exercise $0 -11.8K -33.33% $0.00 23.7K Feb 28, 2025 Common Stock 11.8K Direct F1, F4, F6
transaction UAL Restricted Stock Units Award $0 +21.5K $0.00 21.5K Feb 28, 2025 Common Stock 21.5K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement upon vesting of restricted stock units ("RSUs") into UAL common stock.
F2 The RSUs were granted on March 7, 2022 and vest in one-third (1/3) substantially equal annual installments on February 28, 2023, February 28, 2024 and February 28, 2025.
F3 The RSUs were granted on April 4, 2023 and vest in one-third (1/3) substantially equal annual installments on February 28, 2024, February 28, 2025 and February 28, 2026.
F4 The RSUs were granted on February 29, 2024 and vest in one-third (1/3) substantially equal annual installments on February 28, 2025, February 28, 2026 and February 28, 2027.
F5 This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU awards referenced in footnotes 2 - 4, above.
F6 Each RSU represents the economic equivalent of one share of UAL common stock and shall be settled in shares of UAL common stock upon vesting.
F7 The RSUs were granted on February 28, 2025 and vest in one-third (1/3) substantially equal annual installments on February 28, 2026, February 28, 2027 and February 28, 2028.