BIRKETT RAKOW DIANA 4

What Happened
Diana Birckett Rakow, identified as EVP & CEO of Hawaiian Airlines in the filing, had restricted stock units (RSUs) convert into common shares of Alaska Air Group (ALK) on February 13, 2026. The filing shows conversion/acquisition of 9,250 shares (5,160 + 4,090) at $0.00 (RSU vesting). To satisfy tax withholding obligations, 3,580 shares (1,943 and 1,637) were withheld/disposed at approximately $55.27 per share, generating proceeds of $107,390 and $90,477 respectively (total ~$197,867). This was an award/vesting event rather than an open-market buy or sale.

Key Details

• Transaction dates: February 13, 2026 (reported on Form 4 filed Feb 17, 2026). Filing appears timely (reported within required business-day window).
• Transaction types/codes: M = exercise/conversion of derivative (RSU conversion to shares); F = shares withheld to pay tax liability.
• Shares converted/acquired: 9,250 shares (5,160 + 4,090) at $0.00 (result of RSU vesting).
• Shares withheld for taxes (disposed): 3,580 shares (1,943 + 1,637) at $55.27, total value ~$197,867.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Relevant footnotes from filing:
  • F1: Each RSU = right to one ALK share.
  • F2: Withheld shares were an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding.
  • F3: The RSUs vested as to 100% of the shares granted on Feb 13, 2026.
  • F4: The RSUs vesting were linked to a 12,270-share grant scheduled to vest in three annual installments of 4,090 shares (2025, 2026, 2027).

Context
This was a routine RSU vesting event with a portion of shares withheld to cover taxes (a common, cashless withholding). Such tax-withholding dispositions are administrative and do not necessarily indicate buying or selling intent in the market. The filing did not show an open-market sale or additional purchases tied to these vested shares.