Janki Daniel C. 4

What Happened

• Janki Daniel, Chief Financial Officer of Delta Air Lines (DAL), had a total of 11,908 shares withheld (disposed) to satisfy tax liabilities upon vesting of restricted stock awards. The withholding occurred on January 30, 2026 at $65.89 per share, totaling approximately $784,618 across three withholding events.
• This is a tax-withholding disposal (transaction code F), a routine administrative action when restricted stock vests, not a discretionary open-market sale.

Key Details

• Transaction date and price: January 30, 2026 at $65.89 per share.
  • 3,872 shares withheld — $255,126
  • 5,078 shares withheld — $334,589
  • 2,958 shares withheld — $194,903
• Total shares withheld: 11,908; total value: ~$784,618.
• Shares owned after transaction: not disclosed in the supplied filing excerpt.
• Footnotes: Withholdings relate to portions of RSU awards granted on April 19, 2023; February 7, 2024; and February 5, 2025. The Committee approved withholding and relied on Delta’s closing price on Friday, Jan 30, 2026 because the vesting date fell on Sunday, Feb 1, 2026. Withholdings are exempt from Section 16(b) under Rules 16b-3(d)(1) and 16b-3(e).
• Filing timeliness: Form 4 filed Feb 3, 2026 for Jan 30, 2026 transactions — within the two-business-day reporting window (timely).

Context

• These transactions are cashless tax withholdings tied to RSU vesting and are routine administrative events; they do not necessarily indicate the insider’s view of the company’s stock.
• Transaction code F = shares withheld for tax liability.