Insider-Transaktionen

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• 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.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F3 The RSUs vesting were from a grant of 1,280 RSUs that vested or will vest in three annual installments as follows: 426 shares on November 3, 2026 (48 shares were distributed previously for FICA tax obligations); 427 shares on November 3, 2027; and 427 shares on November 3, 2028.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit represents a contingent right to receive one share of ALK common stock.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• 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 Includes 255 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on October 31, 2026, in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit represents a contingent right to receive one share of ALK common stock.
• F4 The RSUs vesting were from a grant of 1,990 RSUs that vested or will vest in three annual installments as follows: 663 shares on November 3, 2026; 663 shares on November 3, 2027; and 664 shares on November 3, 2028.

Grant, award or other acquisition pursuant to Rule 16b-3(d)

• F1 This amendment is being filed to remove the transaction reported in Table II on the original Form 4 filed on November 4, 2026, which indicated a derivate grant of 13,060 RSUs. Due to an administrative error, the grant was reported in error and did not in fact occur. The reporting person's holdings in column 9 has been adjusted accordingly to reflect the correct beneficial ownership balance.
• F2 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F3 The RSUs vest in three annual installments as follows: 4,353 shares on November 2, 2027; 4,353 shares on November 2, 2028; and 4,354 shares on November 2, 2029.

Grant, award or other acquisition pursuant to Rule 16b-3(d)

• F2 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F4 The RSUs vest in four equal installments of 14,900 shares on each of May 2, 2027, November 2, 2027, May 2, 2028, and November 2, 2028.

Grant, award or other acquisition pursuant to Rule 16b-3(d)

• F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F2 The RSUs vest in three annual installments as follows: 4,353 shares on November 2, 2027; 4,353 shares on November 2, 2028; and 4,354 shares on November 2, 2029.

Grant, award or other acquisition pursuant to Rule 16b-3(d)

• F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F3 The RSUs vest in four equal installments of 14,900 shares on each of May 2, 2027, November 2, 2027, May 2, 2028, and November 2, 2028.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• 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 Includes 194 shares acquired on April 30, 2026, and 236 shares acquired on October 31, 2026, under the Alaska Air Group, Inc. Employee Stock Purchase Plan (ESPP) in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F4 The RSUs vesting were from a November 2, 2023, grant of 2,910 RSUs that vested in three annual installments of 970 shares beginning on the first anniversary of the grant date.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• 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 Includes 106 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on October 31, 2026, in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F4 The RSUs vesting were from a grant of 14,569 RSUs that vested in three annual installments as follows: 4,856 shares on November 2, 2024; 4,856 shares on November 2, 2025; and 4,857 shares on November 2, 2026.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit represents a contingent right to receive one share of ALK common stock.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• 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.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit represents a contingent right to receive one share of ALK common stock.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• 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 Includes 87 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on April 30, 2026, in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.
• F4 The RSUs vesting were from a grant of 630 shares that vested or vests in three annual installments as follows: 210 shares on September 29, 2026; 210 shares on September 29, 2027; and 210 shares on September 29, 2028.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• 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.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.
• F3 The RSUs vesting were from a grant of 940 shares that vested or vests in three annual installments as follows: 313 shares on September 29, 2026; 313 shares on September 29, 2027; and 314 shares on September 29, 2028.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• 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 Includes 363 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on April 30, 2026, in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F4 The RSUs vesting were from a grant of 6,030 shares that vested or will vest in three annual installments as follows: 2,010 shares on September 23, 2025; 2,010 shares on September 23, 2026; and 2,010 shares on September 23, 2027.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
• F2 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F2 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
• F3 The RSUs being disposed were from a grant of 23,280 RSUs, that subsequent to the reported transaction will now vest in three annual installments as follows: 6,891 shares on February 10, 2027; 7,760 shares on February 10, 2028; and 7,760 shares on February 10, 2029.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
• F2 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F2 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
• F3 The RSUs being disposed were from a grant of 72,310 RSUs that subsequent to the reported transaction will now vest in three annual installments as follows: 21,405 shares on February 10, 2027; 24,103 shares on February 10, 2028; and 24,104 shares on February 10, 2029.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
• F2 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
• F2 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F2 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
• F3 The RSUs being disposed were from a grant of 1,280 RSUs that subsequent to the reported transaction will now vest in three annual installments as follows: 378 shares on November 3, 2026; 427 shares on November 3, 2027; and 427 shares on November 3, 2028.

Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

• F2 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
• F1 The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
• F4 The RSUs being disposed were from a grant of 13,370 RSUs that subsequent to the reported transaction will now vest in three annual installments as follows: 3,957 shares on February 10, 2027; 4,457 shares on February 10, 2028; and 4,457 shares on February 10, 2029.

Open market or private purchase of non-derivative or derivative security

• F1 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $40.04 to $40.09, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

Open market or private sale of non-derivative or derivative security

• F1 The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $49.63 to $49.70, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.