Alaska Air Group (ALK) director granted 4,258 shares as stock award

Rhea-AI Filing Summary

SIEVERT G MICHAEL reported acquisition or exercise transactions in this Form 4 filing.

Alaska Air Group director G. Michael Sievert received a grant of 4,258 shares of common stock. The award, valued at $44.52 per share, was granted under Alaska Air Group’s 2016 Performance Incentive Plan in connection with his appointment to serve as a director until the 2027 Annual Stockholders Meeting. Following this compensation-related grant, he directly holds 4,258 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SIEVERT G MICHAEL

Role null

Type	Security	Shares	Price	Value
Grant/Award	COMMON STOCK	4,258	$44.52	$190K

Holdings After Transaction: COMMON STOCK — 4,258 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 4,258 shares Grant valuation price: $44.52 per share Shares held after grant: 4,258 shares

3 metrics

Shares granted 4,258 shares Common stock grant to director on 2026-06-01

Grant valuation price $44.52 per share Value used for the stock award

Shares held after grant 4,258 shares Total direct holdings following transaction

Key Terms

2016 Performance Incentive Plan, Grant, award, or other acquisition, Annual Stockholders Meeting

3 terms

2016 Performance Incentive Plan financial

"common stock granted under the Issuer's 2016 Performance Incentive Plan in connection with the reporting person's appointment"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Annual Stockholders Meeting financial

"to serve as a director until the 2027 Annual Stockholders Meeting"

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SIEVERT G MICHAEL

(Last) (First) (Middle)

C/O ALASKA AIR GROUP, INC.

19300 INTERNATIONAL BLVD

(Street)

SEATTLE WASHINGTON 98188

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ALASKA AIR GROUP, INC. [ ALK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	06/01/2026		A		4,258(1)	A	$44.52	4,258	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares of Alaska Air Group, Inc. (the "Issuer") common stock granted under the Issuer's 2016 Performance Incentive Plan in connection with the reporting person's appointment by the Board of Directors to serve as a director until the 2027 Annual Stockholders Meeting.

Remarks:

	/s/ Howard Kuppler, by power of attorney	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did ALASKA AIR GROUP (ALK) report for G. Michael Sievert?

Alaska Air Group reported that director G. Michael Sievert received a grant of 4,258 shares of common stock. This was a compensation-related award, not an open-market purchase or sale, and was made under the company’s 2016 Performance Incentive Plan.

At what price was the ALASKA AIR GROUP (ALK) stock grant to G. Michael Sievert valued?

The 4,258-share grant to G. Michael Sievert was valued at $44.52 per share. This value reflects the price used for the award under Alaska Air Group’s 2016 Performance Incentive Plan as disclosed in the Form 4 insider transaction filing.

How many ALASKA AIR GROUP (ALK) shares does G. Michael Sievert hold after this transaction?

After the grant, G. Michael Sievert directly holds 4,258 shares of Alaska Air Group common stock. The Form 4 shows this total share amount following the compensation-related award made in connection with his service as a director.

What is the reason for G. Michael Sievert’s ALASKA AIR GROUP (ALK) stock grant?

The shares were granted in connection with G. Michael Sievert’s appointment by Alaska Air Group’s Board to serve as a director until the 2027 Annual Stockholders Meeting. The award was made under the company’s 2016 Performance Incentive Plan as director compensation.

Is G. Michael Sievert’s ALASKA AIR GROUP (ALK) transaction a market buy or sell?

The transaction is not a market buy or sell. It is classified as a grant or award acquisition, meaning Sievert received 4,258 shares as compensation rather than purchasing or selling shares on the open market.