Martin H. Nesbitt - 16 Aug 2022 Form 4 Insider Report for American Airlines Group Inc. (AAL)

Role: Director
Signature: /s/ Caroline B. Ray, attorney-in-fact
Issuer symbol: AAL
Transactions as of: 16 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 18 Aug 2022, 17:23:00 UTC
Previous filing: 25 Jul 2022
Next filing: 03 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AAL	Common Stock	Other	$0	+12,334	+41%	$0.000000	42,123	16 Aug 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On August 16, 2022, the reporting person's revocable trust (the "Trust") withdrew approximately 69% of the units of a family limited liability company, whose sole asset is the Issuer's common stock, from a grantor retained annuity trust (the "GRAT") of which the reporting person is the sole trustee and sole annuitant. In exchange for such units, the Trust contributed to the GRAT a promissory note in the principal amount of $190,067.65. The reporting person believes that this withdrawal of units from the GRAT constitutes a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

Content

On August 16, 2022, the reporting person's revocable trust (the "Trust") withdrew approximately 69% of the units of a family limited liability company, whose sole asset is the Issuer's common stock, from a grantor retained annuity trust (the "GRAT") of which the reporting person is the sole trustee and sole annuitant. In exchange for such units, the Trust contributed to the GRAT a promissory note in the principal amount of $190,067.65. The reporting person believes that this withdrawal of units from the GRAT constitutes a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.