UAL United Airlines Holdings, Inc. Insider Trading

UAL CEO J Scott Kirby sold 49,381 shares for $5,989,356.69 under pre-arranged 10b5-1 plan

J Scott Kirby executed 2 separate sales totaling 49,381 shares for $5,989,356.69 on June 15–16, 2026, reducing his holdings from 847.2K shares to 797.9K shares (−5.8%). The transactions were conducted under a pre-arranged 10b5-1 trading plan adopted on 2025-08-29, making these scheduled dispositions rather than discretionary trades. The blended average sale price of $121.29 compares to the current price of $115.83, suggesting a modest paper loss from execution. His prior recorded sell at UAL on 2025-12-03 posted 30d return +4.8% and 90d return −4.9%, providing limited predictive basis for this filing's directional signal.

EVP Kate Gebo sells 40,000 UAL shares ($4.2M) at $105.43; post-sale holdings 64,050 shares; stock now $115.06.

Kate Gebo, EVP of HR and Labor Relations, executed two separate sales totaling 40,000 shares for $4,217,071.78 on 2026-05-26 at a blended average price of $105.43. This represents a -38.4% reduction in her position, bringing holdings from 104,050 to 64,050 shares. The stock currently trades at $115.06, up 27.3% over the past 30 days and +8.2% over 90 days, suggesting the sale occurred in a rising market environment. Gebo's prior selling activity at UAL shows mixed timing outcomes: three of her five prior UAL sales achieved negative 90-day returns (well-timed), while two showed positive 90-day returns. Her cross-ticker track record reflects a 66.67% well-timed sale rate with an average 90-day return of +8.8%, indicating some historical accuracy in the timing of exit decisions, though this current sale's forward performance remains to be observed.

Hart Brett J (President) sold 19,000 shares of UAL at $106.45 on 2026-02-02 for $2,022,569

President Hart Brett J sold 19,000 shares (19.0K shares) of United Airlines, reducing his position by -6.8% to 258,943 shares. The sale occurred at $106.45, modestly below the current price of $109.48 and well below the 52-week high of $117.53. His prior sell at UAL on 2025-07-25 posted a positive 90-day return of +6.9%, indicating the stock rose after that sale—a poorly-timed outcome for signaling downside conviction. The company reports solid fundamentals with $15.2B in latest quarterly revenue, net income of $949.0M, and a low P/E of 10.76, offering limited fundamental concern signals. This appears to be a routine reduction in his substantial remaining stake rather than a harbinger of deteriorating business conditions.

CEO Kirby J Scott sold 120,000 UAL shares at $107.86 on 2025-12-03 ($12.9M) via pre-arranged 10b5-1 plan

Kirby J Scott, Chief Executive Officer of United Airlines Holdings, sold 120,000 shares valued at $12,943,800.00 on 2025-12-03, reducing his holdings from 766,535 to 646,535 shares. The sale was executed under a pre-arranged 10b5-1 trading plan adopted on 2025-08-29, meaning the transaction was scheduled in advance rather than a discretionary decision made at the time of sale. The CEO retains 646,535 shares post-transaction, maintaining a substantial direct equity stake in the company despite the disposition. This represents a routine, plan-based rebalancing rather than a signal of discretionary conviction or concern.

EVP HR Gebo Kate sells 36,296 UAL shares for $3.5M at blended avg $97.63; holds 57,301 shares post-transaction; stock +27.2% in 90 days.

Gebo Kate, EVP of HR and Labor Relations at United Airlines, executed 2 separate sales totaling 36,296 shares for $3,543,618.30 on 2025-08-12, reducing her holdings by 38.8% to 57,301 shares. The blended average transaction price of $97.63 is currently $1.51 below market ($99.14), and the stock has appreciated 27.2% over the past 90 days and 14.8% over 30 days—both well above the 52-week low of $40.24. Her prior 4 sales at United Airlines produced mixed timing results: 2 November 2024 sales yielded strong 90-day returns (+36.0% and +35.6%), while 2 April 2024 sales showed 90-day declines (-7.7% and -7.6%). Cross-ticker, her 4 prior open-market sales averaged a 50.00% well-timed rate at the 90-day horizon. The company carries a P/E of 9.69 and reported net income of $973,000,000.00 on revenue of $15,236,000,000.00 for the latest quarter, with annual revenue growth of +6.2%.

Director Harford Barney sold 24,823 shares of UAL across 2 transactions for $2,304,460.99, retaining 80,000 shares.

Harford Barney, a Director at United Airlines Holdings, executed two separate sales totaling 24,823 shares (24.8K shares) for $2,304,460.99 (blended average price $92.84) on 2025-08-08 and 2025-08-12. This represents a -23.7% reduction in his stated holdings, from 104,823 shares to 80,000 shares. The transactions occurred while the stock traded near recent highs (current price $98.47 is -10.9% from the 52-week high of $110.52), having appreciated substantially over the past 90 days (+24.7%). United Airlines' fundamentals remain solid with a P/E of 9.63, annual revenue growth of +6.2%, and latest quarterly revenue of $15.2B. The sale removes a meaningful portion of this director's equity stake but preserves substantial remaining ownership, consistent with portfolio management in a volatile airline sector.

UAL CFO Leskinen sells 23,000 shares ($2.1M) at $91.43; retains 17,001 shares (-57.5% of pre-transaction holdings)

Michael D. Leskinen, EVP & CFO of United Airlines, sold 23,000 shares for $2,102,867.00 on 2025-07-28, reducing his stake from 40,001 shares to 17,001 shares. The sale occurred at $91.43 per share, which is currently $0.78 above the current market price of $90.65 but represents a 18.0% discount to the 52-week high of $110.52. The transaction substantially reduced his personal holdings by more than half. United Airlines trades at a P/E of 8.86 with quarterly revenue of $15.2B and net income of $973.0M, reflecting a profitable underlying business, though the stock has retreated from its peak valuation. The scale of the reduction—divesting 57.5% of pre-transaction holdings in a single transaction—represents a material reallocation of his insider position rather than routine portfolio adjustment.

Hart Brett J (President) sold 24,772 shares of UAL at $89.50 on 2025-07-25; remaining 283,638 shares.

Brett Hart, President of United Airlines, sold 24,772 shares (283.6K shares) at $89.50, reducing his post-transaction holdings to 283,638 shares from 308,410 shares, a reduction of 8.0% of his pre-transaction position. The stock is trading at $90.65, within 18.0% of its 52-week high of $110.52 and has appreciated 31.7% over the trailing 90 days. United Airlines has generated $973.0M in net income on $15.2B in quarterly revenue with a P/E of 8.86, indicating moderate fundamentals relative to the broader market. The sale occurs within a context of recent strong price appreciation, and Hart retains a substantial position (283,638 shares) after the transaction, consistent with continued material ownership.

EVP & Chief Operations Officer Torbjorn J Enqvist sold 20,000 shares of United Airlines (UAL) at $92.22 on 2025-07-18.

Enqvist, EVP & Chief Operations Officer, executed an open-market sale of 20,000 shares (20.0K shares) at $92.22, reducing his holdings by 24.3% to 62.4K shares. His cross-ticker track record shows one prior sell with an average 90-day return of +45.8% (poorly timed, as the stock rose after the sale), and at UAL specifically, his single prior sale on 2024-10-17 similarly showed +45.8% 90-day returns—indicating a pattern of selling before gains materialize. Currently, UAL trades at $90.78, down 17.9% from its 52-week high of $110.52, though up 22.2% over 30 days and 33.4% over 90 days. The company reports a low P/E of 8.87 with recent quarterly revenue of $15.2B and net income of $973.0M. The timing pattern does not suggest foresight into imminent declines; rather, both prior sales were followed by substantial gains, suggesting a historical pattern of selling into strength.

EVP & Chief Customer Officer Jojo Linda P sold 60,000 UAL shares for $5.7M on 2024-11-22; retains 63.6K shares post-sale

Jojo Linda P, EVP & Chief Customer Officer, executed a substantial sale of 60,000 shares at $95.12, representing a 48.5% reduction of her pre-transaction holdings from 123.6K to 63.6K shares. The transaction occurred near the stock's 52-week high of $96.83 (only 0.3% below peak), in a context where UAL has appreciated 29.3% over 30 days and 133.5% over 90 days. The company's fundamentals remain solid with $14.8B in quarterly revenue, $965.0M net income, and 19.5% annual revenue growth, trading at an 11.49 P/E. The substantial share count reduction by a C-suite officer responsible for customer operations warrants attention to assess whether this reflects portfolio rebalancing or other considerations, particularly given the near-peak pricing and the extent of the position reduction.