A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 11 filings in this group are Form 4s for Delta Air Lines, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 11 insider filings shown, the breakdown is 6 open-market sale and 5 compensation award. 6 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Open-market sale
Insider Selling
2026-08-06
DAL insider HUERTA MICHAEL P (Director) sold 3,100 shares (~$291.8K)
HUERTA MICHAEL P, listed as Director at DELTA AIR LINES, INC., reported an open-market sale of 3,100 DAL shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
3,100 |
$94.11 |
$291.8K |
Filing: Form 4 (Insider Transaction)
Insider: HUERTA MICHAEL P (Director)
Shares: 3,100
Est. Value: $291.8K
Form 4
Open-market sale
Insider Selling
2026-08-06
DAL insider Sear Steven M (EVP - Global Sales & Distrib) sold 40,460 shares (~$3.79M)
Sear Steven M, listed as EVP - Global Sales & Distrib at DELTA AIR LINES, INC., reported an open-market sale of 40,460 DAL shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
40,460 |
$51.23 |
$2.07M |
S |
Open-market sale
|
40,460 |
$93.55 |
$3.79M |
M |
Option exercise
derivative · Employee Stock Option (right to buy)
|
40,460 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Sear Steven M (EVP - Global Sales & Distrib)
Shares: 40,460
Est. Value: $3.79M
Form 4
Open-market sale
Insider Selling
2026-08-05
DAL insider Carter Peter W (President) sold 39,900 shares (~$3.71M)
Carter Peter W, listed as President at DELTA AIR LINES, INC., reported an open-market sale of 39,900 DAL shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
39,900 |
$49.33 |
$1.97M |
S |
Open-market sale
|
39,900 |
$92.98 |
$3.71M |
M |
Option exercise
derivative · Employee Stock Option (right to buy)
|
39,900 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Carter Peter W (President)
Shares: 39,900
Est. Value: $3.71M
Form 4
Open-market sale
Insider Selling
2026-08-05
DAL insider BELLEMARE ALAIN (EVP & Pres. - International) sold 35,000 shares (~$3.25M)
BELLEMARE ALAIN, listed as EVP & Pres. - International at DELTA AIR LINES, INC., reported an open-market sale of 35,000 DAL shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
35,000 |
$39.78 |
$1.39M |
S |
Open-market sale
|
35,000 |
$92.72 |
$3.25M |
M |
Option exercise
derivative · Employee Stock Option (right to buy)
|
35,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: BELLEMARE ALAIN (EVP & Pres. - International)
Shares: 35,000
Est. Value: $3.25M
Form 4
Open-market sale
Insider Selling
2026-08-05
DAL insider Bastian Edward H (Director, Chief Executive Officer) sold 206,510 shares (~$19.16M)
Bastian Edward H, listed as Director, Chief Executive Officer at DELTA AIR LINES, INC., reported an open-market sale of 206,510 DAL shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
206,510 |
$49.33 |
$10.19M |
S |
Open-market sale
|
206,510 |
$92.80 |
$19.16M |
M |
Option exercise
derivative · Employee Stock Option (right to buy)
|
206,510 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Bastian Edward H (Director, Chief Executive Officer)
Shares: 206,510
Est. Value: $19.16M
Form 4
Open-market sale
Insider Selling
2026-08-05
DAL insider DEWALT DAVID G (Director) sold 31,756 shares (~$2.88M)
DEWALT DAVID G, listed as Director at DELTA AIR LINES, INC., reported an open-market sale of 31,756 DAL shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
31,756 |
$90.85 |
$2.88M |
Filing: Form 4 (Insider Transaction)
Insider: DEWALT DAVID G (Director)
Shares: 31,756
Est. Value: $2.88M
Form 4
Compensation award
Tax / Compensation Filing
2026-06-22
DAL insider Form 4 filed for equity award, exercise, or tax withholding
Hale Leslie D. (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
2,380 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Hale Leslie D. (Director)
Shares: 2,380
Form 4
Compensation award
Tax / Compensation Filing
2026-06-22
DAL insider Form 4 filed for equity award, exercise, or tax withholding
Beck Christophe (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
2,380 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Beck Christophe (Director)
Shares: 2,380
Form 4
Compensation award
Tax / Compensation Filing
2026-06-22
DAL insider Form 4 filed for equity award, exercise, or tax withholding
Taylor David S (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
3,810 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Taylor David S (Director)
Shares: 3,810
Form 4
Compensation award
Tax / Compensation Filing
2026-06-22
DAL insider Form 4 filed for equity award, exercise, or tax withholding
Waller Kathy N (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
2,380 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Waller Kathy N (Director)
Shares: 2,380
Form 4
Compensation award
Tax / Compensation Filing
2026-06-22
DAL insider Form 4 filed for equity award, exercise, or tax withholding
Chiang Willie CW (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
2,380 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Chiang Willie CW (Director)
Shares: 2,380