Gebo Kate 4

What Happened

• Kate Gebo, Executive Vice President — HR & Labor Relations at United Airlines (UAL), sold a total of 40,000 shares in open-market transactions on May 26, 2026. The filing shows two sales: 34,669 shares at a weighted-average price of $105.41 (proceeds $3,654,598) and 5,331 shares at $105.51 (proceeds $562,474), for combined proceeds of approximately $4,217,072.
• The Form 4 also reports transfers (listed as gifts) of 3,657 shares on May 27, 2026 — one reported as disposed and one as acquired. Footnotes indicate these relate to revocable trusts and transfers involving the reporting person’s spouse.

Key Details

• Transaction dates and prices:
  • May 26, 2026 — sale of 34,669 shares at weighted avg $105.41 (prices in the range $105.00–$105.905 per F1).
  • May 26, 2026 — sale of 5,331 shares at $105.51.
  • May 27, 2026 — two gift entries of 3,657 shares (one disposition, one acquisition).
• Proceeds: approximately $3.65M and $0.56M from the two sales (total ≈ $4.22M).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: weighted-average price; sales occurred at prices between $105.00 and $105.905.
  • F2/F4: balances held in revocable trusts (reporting person and spouse).
  • F3: transfer involved the reporting person’s spouse.
• Filing timeliness: Reported May 28, 2026 for trades on May 26 — appears timely under Section 16 reporting rules (filed within two business days).

Context

• These transactions are sales (liquidity events) and are not purchases, so they don’t signal insider buying conviction. The reported gift transfers likely reflect internal estate/trust or spousal transfers rather than market-driven decisions.
• The F1 footnote allows investors or the SEC staff to request a breakdown of the individual sale prices within the reported range.