LEVINE KYLE B 4

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.