David S. Taylor - Jun 20, 2025 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role: Director
Signature: /s/ Alan T. Rosselot, as attorney-in-fact for David S. Taylor
Stock symbol: DAL
Transactions as of: Jun 20, 2025
Transactions value $: $0
Form type: 4
Date filed: 6/23/2025, 04:36 PM
Previous filing: Apr 11, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Taylor David S	Director	C/O DELTA AIR LINES, INC., DEPT. 981, 1030 DELTA BOULEVARD, ATLANTA	/s/ Alan T. Rosselot, as attorney-in-fact for David S. Taylor	2025-06-23	0001505989

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DAL	Common Stock	Award		+6.78K	+41.19%		23.2K	Jun 20, 2025	Direct	F1
holding	DAL	Common Stock						99.5K	Jun 20, 2025	By grantor retained annuity trust	F2

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

Explanation of Responses:

Id	Content
F1	Delta's non-executive chair of the Board of Directors receives an annual restricted stock award valued at $320,000. The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person, as approved by the Board of Directors on June 19, 2025. Because June 19, 2025 was a federal holiday, the grant date for the restricted stock award is deemed to be the next trading day (Friday, June 20, 2025) in accordance with Delta's Equity Award Grant Policy. The shares were acquired in a transaction exempt under Rule 16b-3(d)(1).
F2	The shares are held in a Grantor Retained Annuity Trust (the "GRAT") for the benefit of the Reporting Person's adult children. The Reporting Person is the trustee of the GRAT, and the sole recipient of the annuity payments made by the GRAT.

Content

Delta's non-executive chair of the Board of Directors receives an annual restricted stock award valued at $320,000. The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person, as approved by the Board of Directors on June 19, 2025. Because June 19, 2025 was a federal holiday, the grant date for the restricted stock award is deemed to be the next trading day (Friday, June 20, 2025) in accordance with Delta's Equity Award Grant Policy. The shares were acquired in a transaction exempt under Rule 16b-3(d)(1).

The shares are held in a Grantor Retained Annuity Trust (the "GRAT") for the benefit of the Reporting Person's adult children. The Reporting Person is the trustee of the GRAT, and the sole recipient of the annuity payments made by the GRAT.