Insider trade

Officer sold ~$1.45M of DAL shares in the open market

Traded Oct 21, 2025 · Filed Oct 23, 2025

Delta Air LinesDAL

~$1.45M
Reported value · 23K sh @ $62.327: 81K
Holds after · shares reported: +35.0%
stock since the trade · S&P 500 +13.8%, $62.32 → $84.13 on Oct 1

Why it stands out

Delta Air Lines's & Chief of Operations sold $1.45M of Delta Air Lines shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Oct 21, 2025
Reporting period: Not applicable
Filed with the SEC: Oct 23, 2025

Officer$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$1,453,653

Shares × reported transaction price

Timing vs results

12 days after results of Oct 9, 2025, 84 days before results of Jan 13, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $62.32 on Oct 21, 2025, 74% above its 52-week low and 10% below its high, after a 3% rise over the previous 30 trading days

52-week range $35.88 (Apr 8, 2025) to $69.06 (Feb 4, 2025), 80% of the way up, from 250 adjusted closes. 30 trading days earlier: $60.68 on Sep 9, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-5.9%	+0.7%	-6.6%
30 days	-0.5%	-1.3%	+0.8%
90 days	+13.1%	+1.7%	+11.4%
180 days	+12.2%	+5.0%	+7.2%

Past results only. Not a forecast.

Source receipt

Record ID: 0001683168-25-007742
Filed / recorded: Oct 23, 2025, 8:30 PM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: DELTA AIR LINES, INC.
Issuer CIK: 27904
Ticker: DAL
Reporting person: John E Laughter
Relationship: Officer
Officer title: EVP & Chief of Operations
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Oct 21, 2025
Transaction code: S
Shares / units: 23,323
Price per share: $62.327
Acquired / disposed: Disposed (D)
Shares owned after: 81,109
Ownership form: Direct
Amendment: No

Footnotes from the filing

The price reported in column 4 is a weighted average price. The reported shares were sold in multiple transactions through a broker-dealer at prices ranging from $62.265 and $62.405 per share, inclusive. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc.