X0508 4 2026-02-09 0 0000766421 ALASKA AIR GROUP, INC. ALK 0001663200 LEVINE KYLE B ALASKA AIR GROUP, INC. 19300 INTERNATIONAL BLVD SEATTLE WA 98188 0 1 0 0 EVP Corp Pub Aff & Chf Leg Off 0 COMMON STOCK 2026-02-09 4 S 0 2945 60.016 D 20977 D COMMON STOCK 2026-02-10 4 A 0 7661 0 A 28638 D COMMON STOCK 2026-02-10 4 F 0 2014 59.14 D 26624 D RESTRICTED STOCK UNITS 2026-02-10 4 A 0 15850 0 A COMMON STOCK 15850 15850 D The acquisition resulted from the vesting of Performance Stock Units (PSUs) pursuant to the attainment of certain performance goals over a three-year period ending December 31, 2025, in accordance with the terms of a PSU award granted under the Issuer's 2016 Performance Incentive Plan and upon certification of performance results by the Board's Compensation Committee on February 10, 2026. 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 PSUs and settled with shares by the reporting person. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. The RSUs vest in three annual installments as follows: 5,283 shares on February 10, 2027; 5,283 shares on February 10, 2028; and 5,284 shares on February 10, 2029. /s/ Howard Kuppler, by power of attorney 2026-02-11