KIRBY J SCOTT 4

What Happened

• Kirby J. Scott, Chief Executive Officer of United Airlines Holdings, sold a total of 49,381 shares in open-market transactions on June 15–16, 2026. The bulk was 48,303 shares on June 15 at a weighted average price of $121.30 ($5,859,202) and 1,078 shares on June 16 at a weighted average price of $120.74 ($130,154). Total proceeds were approximately $5,989,356. These were sales (not purchases or option exercises).

Key Details

• Transaction dates and prices:
  • June 15, 2026 — 48,303 shares sold; weighted average price $121.30; reported range $120.00–$124.43 (see F2).
  • June 16, 2026 — 1,078 shares sold; weighted average price $120.74; reported range $120.00–$122.69 (see F2).
• Total shares sold: 49,381; total proceeds ≈ $5,989,356.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Sales were made pursuant to a Rule 10b5-1 trading plan adopted August 29, 2025 (pre‑arranged plan).
  • F2: Reported prices are weighted averages; reporting person will provide per‑trade price breakdown on request.
  • F3–F4: Some shares reported are held in family trusts (trusts for children/relatives); Mr. Scott disclaims beneficial ownership of those shares except to the extent of pecuniary interest.
• Filing timeliness: Form 4 was filed June 17, 2026 (transactions on June 15–16); no late filing indicated.

Context

• These sales were executed under a Rule 10b5-1 plan, which is a pre‑arranged trading program that can make insider sales routine and not necessarily a current signal about the CEO’s view of the stock.
• For retail investors, purchases typically carry more informational weight than routine sales; here the 10b5-1 context and trust disclaimers are important to note.