CONSTANCE E. VON MUEHLEN - 05 Nov 2022 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: EVP AND COO
Signature: /s/ Howard Kuppler, by power of attorney
Issuer symbol: ALK
Transactions as of: 05 Nov 2022
Transactions value $: -$10,811
Form type: 4
Filing time: 08 Nov 2022, 17:15:19 UTC
Previous filing: 13 Sep 2022
Next filing: 14 Feb 2023
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	+987	+16.73%	$0.00	6.89K	05 Nov 2022	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	-$10.8K	-241	-3.5%	$44.86	6.65K	05 Nov 2022	Direct
holding	ALK	COMMON STOCK						470	05 Nov 2022	HELD BY SPOUSE

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	-987	-50%	$0.00	987	05 Nov 2022	COMMON STOCK	987	$0.00	Direct	F1, F2

* 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 into common stock on a one-for-one basis.
F2	On November 5, 2020, the reporting person was granted 2,960 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date.