LEVINE KYLE B 4

4 · ALASKA AIR GROUP, INC. · Filed Feb 13, 2026

AI-generated summary of this filing

Updated Feb 13, 2026

Alaska Air (ALK) EVP Kyle Levine Exercises RSUs, Sells Shares

What Happened

Kyle B. Levine, EVP Corporate Public Affairs & Chief Legal Officer of Alaska Air Group (ALK), had 3,716 restricted stock units (RSUs) vest on February 11, 2026 and those RSUs converted into common shares. To satisfy tax withholding, 1,030 of those shares were withheld/disposed at $57.50 per share for a withholding value of $59,225. The net result was approximately 2,686 shares issued to Mr. Levine.

Key Details

Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (timely filing).
Conversion/Vesting: 3,716 RSUs converted to common stock (reported as derivative exercise/conversion).
Tax withholding (disposition): 1,030 shares withheld at $57.50/share = $59,225.
Shares owned after transaction: not specified in the provided excerpt of the filing.
Relevant footnotes:
- F1: Each RSU converts to one share of ALK common stock.
- F2: The 1,030-share disposition was an issuer withholding to satisfy tax withholding obligations (exempt under Rule 16b-3(e)).
- F3: These RSUs were from a 11,150-share grant dated 2/11/2025 that vests in three equal annual installments (2/11/2026, 2/11/2027, 2/11/2028).

Context

This was a routine vesting of RSUs with an associated tax-withholding share surrender (often called a cashless or share-withhold settlement), not an open-market sale. Such transactions commonly reflect compensation vesting rather than a deliberate directional trade by the insider.

Form 4

Period: 2026-02-11

EVP Corp Pub Aff & Chf Leg Off

Transactions

Exercise/Conversion
COMMON STOCK
[F1]
2026-02-11+3,716→ 30,340 total
Tax Payment
COMMON STOCK
[F2]
2026-02-11$57.50/sh−1,030$59,225→ 29,310 total
Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F3]
2026-02-11−3,716→ 7,434 total
Exercise: $0.00→ COMMON STOCK (3,716 underlying)

Footnotes (3)

[F1]Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
[F2]The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.
[F3]The RSUs vesting were from a grant of 11,150 shares awarded on February 11, 2025, that vests in 1/3 increments over three years (2/11/2026, 2/11/2027, and 2/11/2028).

Signature

/s/ Howard Kuppler, by power of attorney|2026-02-13

1 file