Alcoa Corp — Director's Dealing 2021

May 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Alcoa Corp (AA)
CIK: 0001675149
Period of Report: 2021-05-07

Reporting Person: Kahrs Benjamin D (EVP & Chief Innovation Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-07	Common Stock, par value $0.01 per share	M	16574	$15.10	Acquired	56712	Direct
2021-05-07	Common Stock, par value $0.01 per share	S	28082	$39.6823	Disposed	28630	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-07	Employee Stock Option (right to buy)	$15.10	M	16574	Disposed	2026-01-19	Common Stock (16574)	Direct

Footnotes

F1: The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $39.3100 - $39.9800. The reporting person undertakes to provide to Alcoa Corporation, any security holder of Alcoa Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F2: This option vested in equal installments over three years beginning on the date shown.