Insider trade

CEO sold ~$12.3M of DAL shares in the open market

Traded Jan 15, 2026 · Filed Jan 16, 2026

Delta Air LinesDAL

~$12.3M
Reported value · 173K sh @ $71.00: 633K
Holds after · shares reported: +17.9%
stock since the trade · S&P 500 +10.4%, $71.34 → $84.13 on Oct 1

Why it stands out

The boss of Delta Air Lines sold $12.3M 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: Jan 15, 2026
Reporting period: Not applicable
Filed with the SEC: Jan 16, 2026

CEO$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$12,299,330

Shares × reported transaction price

Timing vs results

2 days after results of Jan 13, 2026, 83 days before results of Apr 8, 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 $71.34 on Jan 15, 2026, within 2% of its 52-week high, after a 10% rise over the previous 30 trading days

52-week range $35.88 (Apr 8, 2025) to $72.31 (Jan 9, 2026), 97% of the way up, from 251 adjusted closes. 30 trading days earlier: $65.14 on Dec 2, 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	-2.0%	+2.6%	-4.6%
30 days	-0.0%	+1.0%	-1.1%
90 days	+5.6%	+4.6%	+1.0%
180 days	+25.3%	+9.5%	+15.8%

Past results only. Not a forecast.

Source receipt

Record ID: 0001683168-26-000366
Filed / recorded: Jan 16, 2026, 9:30 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: Edward H Bastian
Relationship: Director, Officer
Officer title: Chief Executive Officer
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Jan 15, 2026
Transaction code: S
Shares / units: 173,230
Price per share: $71.00
Acquired / disposed: Disposed (D)
Shares owned after: 632,823
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 $71.000 to $71.035 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.