DELTA AIR LINES, INC. 4

Delta Air Lines President Peter W. Carter exercised options and sold 39,900 shares of DAL common stock on August 4, 2026, for proceeds of about $3.7 million, leaving him with 424,704 shares owned directly.

On August 4, 2026, Delta Air Lines President Peter W. Carter exercised an employee stock option to acquire 39,900 shares of Delta common stock at an exercise price of $49.33 per share (an intrinsic value of roughly $43.65 per share vs. the reported sale price), and on the same day sold all 39,900 shares in a broker-assisted transaction at a weighted average price of $92.981 per share for proceeds of approximately $3.71 million. The transaction was reported as a single weighted-average sale, with individual trade prices ranging from $92.740 to $93.300 per share, and appears to be a classic cashless exercise-and-sell transaction rather than an open-market purchase. Following these transactions, Carter’s direct ownership stood at 424,704 shares of Delta common stock, representing an interest currently worth about $39.6 million based on the contemporaneous market price of roughly $93.14 per share, indicating he continues to hold a substantial equity stake despite monetizing the option gain.

Filing Facts

CIK

27904

Ticker

DAL

Form

4

Source Type

sec

Accession

0001683168-26-006002

Alert Tier

7