Shane R. Tackett - Feb 13, 2025 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: EVP AND CFO
Signature: /s/ Howard Kuppler, by power of attorney
Stock symbol: ALK
Transactions as of: Feb 13, 2025
Transactions value $: -$291,828
Form type: 4
Date filed: 2/18/2025, 05:43 PM
Previous filing: Feb 11, 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	$0	+10.2K	+24.35%	$0.00	52.2K	Feb 13, 2025	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	-$292K	-4.02K	-7.71%	$72.54	48.2K	Feb 13, 2025	Direct	F2
holding	ALK	COMMON STOCK						2.81K	Feb 13, 2025	ESOP TRUST	F3

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	-10.2K	-33.33%	$0.00	20.4K	Feb 13, 2025	COMMON STOCK	10.2K	$0.00	Direct	F1, F4

* 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 to 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.
F3	Common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(K) Plan Trust, as of 12/31/2021.
F4	The restricted stock units vesting were from a grant of 30,670 shares that vested or will vest in three equal installments as follows: 10,223 shares on February 13, 2025; 10,223 shares on February 13, 2026; and 10,224 shares on February 13, 2027.