DELTA AIR LINES, INC. 4

Delta Air Lines CEO Edward H. Bastian exercised 206,510 stock options at $49.33 and sold the resulting 206,510 Delta (DAL) common shares at a weighted average price of $92.796 on August 4, 2026.

On August 4, 2026, Delta Air Lines CEO Edward H. Bastian exercised 206,510 employee stock options with a strike price of $49.33 to acquire an equal number of Delta common shares, and on the same day sold all 206,510 shares in open-market transactions at a weighted average price of $92.796 per share, generating an estimated gross sale value of about $19.2 million and an intrinsic gain of roughly $9.0 million before taxes. Following these transactions, he reported direct ownership of 1,363,448 Delta common shares, which, at the contemporaneous share price of approximately $93.14, represents an equity stake valued at about $127 million. The sale was executed through multiple broker-dealer trades within a price range of $92.38 to $93.08 per share, and the option series exercised was already fully vested and currently exercisable.

Filing Facts

CIK

27904

Ticker

DAL

Form

4

Source Type

sec

Accession

0001683168-26-006000

Alert Tier

6