John E. Laughter - 21 Oct 2025 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
EVP & Chief of Operations
Signature
/s/ Alan T. Rosselot as attorney-in-fact for John E. Laughter
Issuer symbol
DAL
Transactions as of
21 Oct 2025
Net transactions value
-$271,459
Form type
4
Filing time
23 Oct 2025, 16:30:32 UTC
Previous filing
07 Feb 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Laughter John E EVP & Chief of Operations C/O DELTA AIR LINES, INC., DEPT 981, 1030 DELTA BLVD., ATLANTA /s/ Alan T. Rosselot as attorney-in-fact for John E. Laughter 23 Oct 2025 0001864030

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAL Common Stock Options Exercise $123,473 +2,503 +3.1% $49.33 83,612 21 Oct 2025 Direct
transaction DAL Common Stock Options Exercise $497,443 +9,710 +12% $51.23 93,322 21 Oct 2025 Direct
transaction DAL Common Stock Options Exercise $561,277 +11,110 +12% $50.52 104,432 21 Oct 2025 Direct
transaction DAL Common Stock Sale $1,453,653 -23,323 -22% $62.33 81,109 21 Oct 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 DAL Employee Stock Option (right to buy) Options Exercise $0 -2,503 -100% $0.000000 0 21 Oct 2025 Common Stock 2,503 $49.33 Direct F2
transaction DAL Employee Stock Option (right to buy) Options Exercise $0 -9,710 -100% $0.000000 0 21 Oct 2025 Common Stock 9,710 $51.23 Direct F2
transaction DAL Employee Stock Option (right to buy) Options Exercise $0 -11,110 -100% $0.000000 0 21 Oct 2025 Common Stock 11,110 $50.52 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. The reported shares were sold in multiple transactions through a broker-dealer at prices ranging from $62.265 and $62.405 per share, inclusive. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc.
F2 The option is currently exercisable.