BENITO MINICUCCI - 24 Jan 2025 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: CEO AND PRESIDENT, Director
Signature: /s/ Howard Kuppler, by power of attorney
Issuer symbol: ALK
Transactions as of: 24 Jan 2025
Transactions value $: -$44,993
Form type: 4
Filing time: 27 Jan 2025, 20:13:40 UTC
Previous filing: 17 Dec 2024
Next filing: 11 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Options Exercise	$644,613	+9,861	+8.9%	$65.37	121,049	24 Jan 2025	Direct
transaction	ALK	COMMON STOCK	Sale	-$689,606	-9,861	-8.1%	$69.93	111,188	24 Jan 2025	Direct	F1

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	-9,861	-100%	$0	0	24 Jan 2025	COMMON STOCK	9,861	$65.37	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 $69.8100 to $70.0000, 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 option vested in four installments as to 2,847 shares on February 10, 2016; as to 2,848 shares on February 10, 2017; as to 2,847 shares on February 10, 2018 and as to 1,319 shares on February 10, 2019.

Content

The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $69.8100 to $70.0000, 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 option vested in four installments as to 2,847 shares on February 10, 2016; as to 2,848 shares on February 10, 2017; as to 2,847 shares on February 10, 2018 and as to 1,319 shares on February 10, 2019.