Delta (DAL) EVP Alain Bellemare Exercises Options

What Happened

• Alain Bellemare, EVP & President—International of Delta Air Lines, exercised or converted derivative securities on August 4, 2026. The filing reports 35,000 derivative shares exercised (transaction code M) and lists the disposition price as $0.00, resulting in $0 cash proceeds reported.
• This is an amended Form 4 (filed Aug 6, 2026) submitted to correct a typographical error in the column showing number of derivative securities owned after the transaction.

Key Details

• Transaction date: 2026-08-04; Form 4 filed/amended: 2026-08-06.
• Transaction type: Exercise/conversion of options (derivative) — 35,000 shares; price shown: $0.00; cash proceeds shown: $0.
• Shares owned after transaction: not clearly specified in the excerpt provided; the amendment notes a correction to that column.
• Footnotes: F1 — the option was currently exercisable; F2 — this filing amends a typographical error in Column 9.
• Timeliness: Filed two days after the transaction date (timely); the Form 4 was amended only to correct the noted typo.

Context

• Transaction code M indicates an option exercise/conversion. The filing reports a $0 cash amount; the document does not detail whether this reflects a net settlement, conversion to vested shares, or an immediate sale, so no inference about proceeds or intent should be made.
• For retail investors: option exercises are common for executives when options vest. Purchases typically signal stronger direct investment intent than exercises, which can be routine vesting events.