DAL DELTA AIR LINES, INC. Insider Trading

EVP Alain Bellemare sold 25,000 DAL shares at $81.44 on 2026-05-27; stock up 16.9% in 30 days post-sale.

Alain Bellemare, EVP & President—International, sold 25,000 shares (20.8% of his pre-transaction holdings) for $2,036,000.00 on 2026-05-27 at $81.44 per share. Post-sale, Delta's stock has appreciated 16.9% over 30 days and 41.3% over 90 days, indicating the sale preceded a significant rally. Examining his historical pattern at Delta across 5 prior trades, only 1 of 4 measurable sales proved well-timed (stock fell after the sale); his cross-ticker track record shows a 33.33% well-timed rate on sells with an average 90-day return of +4.0% (meaning stocks typically rose after his sales). The most recent prior sale at DAL on 2026-05-07 has shown a +9.2% 30-day return, consistent with a pattern of selling ahead of gains rather than declines, though sample size remains limited.

DAL EVP Allison Ausband sold 10,000 shares across 2 transactions for $799,500.00 blended at $79.95; holds 128,854 shares post-sale.

Allison C Ausband, EVP & Chief People Officer at Delta Air Lines, executed 2 separate sales totaling 10,000 shares for $799,500.00 on consecutive trading days (May 26–27, 2026) at prices of $79.00 and $80.90. The sale reduces her holdings by 7.2% to 128,854 shares. Delta's recent fundamentals show a challenging operating environment: the latest quarter posted net income of $-289,000,000.00 despite revenue of $15,854,000,000.00, while the stock has appreciated 16.9% over 30 days and 41.3% over 90 days from depressed levels. The sales occurred near the 52-week high ($83.83), with the current price at $83.06, suggesting the insider executed during a period of elevated valuation and near-peak pricing.

EVP & Chief People Officer Allison C Ausband sold 14,710 shares at $73.50–$76.00 for $1,105,460.00 total

Allison C Ausband, Chief People Officer at Delta Air Lines, executed two separate sales totaling 14,710 shares for $1,105,460.00 on May 21–22, 2026, at prices ranging from $73.50 to $76.00—below the current market price of $83.06. She retains 138,854 shares post-transaction, representing a 9.6% reduction in her non-derivative holdings. The stock has appreciated 16.9% over the prior 30 days and 41.3% over 90 days, recently trading near its 52-week high of $83.83. Without additional context regarding a Rule 10b5-1 trading plan or derivative holdings structure, the timing of these sales during a sharp uptrend warrants attention; however, Delta's earnings remain negative ($-289.0M net income in the latest quarter) despite modest 2.8% annual revenue growth, creating mixed signals about the company's operational trajectory.

EVP Alain Bellemare sells ~20,600 shares for $1.5M at Delta Air Lines, continuing a pattern of regular dispositions.

Alain Bellemare, EVP and President of International operations, sold approximately 20,600 shares, representing nearly 15% of his holdings. This is his seventh open-market sale in the past three years, following a consistent pattern of regular dispositions with no offsetting purchases. His prior sales at Delta show mixed timing results: one was well-timed (shares fell afterward), but four subsequent sales saw the stock rise after he exited, suggesting he has generally missed the better timing to hold or exit—though his most recent prior sale in early 2026 proved well-timed as the stock declined in the month that followed. The stock trades slightly below its recent highs but has recovered meaningfully from its lows over the past three months. Delta remains profitable with solid fundamentals, though the latest quarter showed a loss on declining revenue, which may provide context for ongoing management liquidations. Without evidence of other officers exiting simultaneously, this appears to reflect Bellemare's individual capital allocation rather than a broad confidence signal from the executive team.

EVP Laughter sells 15,000 DAL shares at $71.61; stock up +18.3% in 30 days, near 52-week high

Laughter John E, EVP & Chief of Operations, sold 15,000 shares (15.0K shares) of Delta Air Lines on 2026-04-14 at $71.61, reducing his holdings from 69,369 to 54,369 shares (a -21.6% reduction). The sale occurred as Delta's stock traded near its 52-week high of $75.35, roughly -4.5% below peak, and the stock has gained +18.3% over the prior 30 days. Delta's fundamentals show net income of $-289,000,000.00 for the latest quarter, despite $15,854,000,000.00 in quarterly revenue and annual revenue growth of +2.8%. Across his cross-ticker history, the insider's 2 prior open-market sells had an average 90-day return of +13.0%, indicating those prior exits preceded stock gains (0.00% well-timed rate at the 90-day mark). This sale follows another DAL sale just 4 days earlier on 2026-04-10, suggesting a pattern of sequential reductions in position rather than a one-time exit. Investors should note the timing relative to the stock's recovery and the company's operating loss context.

DAL COO Laughter sells 69,304 shares (50.0% of holdings) at $68.15; stock down 11.0% from 52-wk high

Laughter John E, EVP & Chief of Operations, sold 69,304 shares at $68.15 on 2026-04-10, reducing his holdings from 138,673 shares to 69,369 shares—a 50.0% reduction. The sale occurred as DAL trades 11.0% below its 52-week high of $75.35 and modestly above the 52-week low of $35.88. Across his transaction history, his prior sell at this same ticker on 2025-10-21 posted a 90-day return of +13.0% (meaning the stock rose after he sold), indicating poorly-timed prior selling; this transaction should be monitored against that pattern. Delta's fundamentals show revenue of $15,854,000,000.00, net income of $-289,000,000.00, and a P/E of 9.85—the company is unprofitable in the latest quarter, a material backdrop against which the large portfolio reduction occurred.

Delta CEO Edward Bastian sold 100,000 shares at $70.26 on 2026-02-26; stock now $65.70 (-12.8% from 52-week high).

Bastian sold 100,000 shares (100.0K shares) for $7,025,700.00 at $70.26, reducing his holdings from 1,463,448 to 1,363,448 shares (-6.8%). The sale occurred near the 52-week peak of $75.35, and the stock has since fallen -12.8%. His prior sales at Delta show mixed timing: one sale in January 2026 shows -2.8% 30-day return, while his 2025 and 2024 sales at this ticker generated positive subsequent returns (ranging +7.6% to +12.9% at 30 days, up to +27.6% at 90 days). Across his cross-ticker track record, his 5 prior sells posted an average 90-day return of +3.8% with a 25% well-timed rate—indicating that prior sales were often followed by stock appreciation rather than decline. The current sale's post-transaction drawdown stands in contrast to his typical pattern, though with limited post-trade price history this signal remains provisional.

DAL President Glen Hauenstein sells 426,933 shares for $31.4M across 3 transactions; 60.4% reduction of holdings

Glen Hauenstein (President, Delta Air Lines) executed 3 separate sales totaling 426,933 shares for $31,365,216.29 at prices ranging from $71.00 to $75.27 per share between February 6–9, 2026. This represents a -60.4% reduction in his pre-transaction holdings (from 707,237 to 280,304 shares). The sales occurred near the stock's 52-week high of $75.35 (current price $74.46, within -1.2% of peak) and during a period of strong 90-day price appreciation (+23.1%). Historically at Delta, Hauenstein's prior measured sales were not well-timed; his 5 prior trades at DAL show 0 of 3 measurable sales with positive 90-day returns (the two most recent sales on 2026-02-05 and 2026-01-14 lack outcome data, while the 2025-08-27 sale produced a +1.4% 90-day return and the two 2024 sales produced +10.4% and +17.4% returns—all indicating the stock rose after sale). This substantial reduction warrants investor attention as it represents a material change in executive skin-in-the-game at a company with solid fundamentals (P/E 10.50, $1.4B net income, +6.2% annual revenue growth).

EVP Sear Steven M sold 38.6K DAL shares at $75.05 on 2026-02-09; post-sale holdings 104.4K; stock near 52-week high

EVP of Global Sales & Distribution Sear Steven M executed a sale of 38,600 shares at $75.05, reducing his holdings by 27.0% to 104,404 shares. The sale occurred at a price -1.2% from the 52-week high of $75.35, near the recent strength in the stock (which posted +23.1% over 90 days). His cross-ticker track record shows a 0.00% well-timed rate on 2 prior sells, indicating his prior open-market sales did not precede stock declines; his same-ticker history at DAL includes only one measurable outcome (a 2025-07-15 sale that yielded +4.9% 90-day return, a missed gain). This current sale and his 2026-01-14 sale at DAL both occurred within a compressed timeframe, reducing his concentrated position from 143,004 shares pre-transaction. The sale timing relative to 52-week highs and the recent momentum of the stock warrant observation.

EVP & Pres. - International Bellemare sells 35.2K DAL shares at $75.20, reducing holdings -20.3% to 138.2K shares.

Alain Bellemare, EVP & President of International operations, sold 35,212 shares at $75.20 on 2026-02-09, reducing his position by 20.3%. The sale occurred within 0.2% of the 52-week high of $75.35, near the top of the annual range, while the stock has appreciated 23.1% over the past 90 days and 3.0% over the past 30 days. His cross-ticker track record shows 5 prior sells with only 25.00% well-timed at the 90-day mark (where negative 90d returns indicate good timing for sells), whereas at DAL specifically, 1 of 4 prior measurable sales was well-timed at the 90-day mark. The company's fundamentals remain solid with a P/E of 10.50, $16.7B in latest quarterly revenue, and 6.2% annual revenue growth, though this sale does represent a meaningful reduction in Bellemare's concentrated equity stake at an elevated price level relative to the year's trading band.