Alcoa Corp — Director's Dealing 2023

Jan 31, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Alcoa Corp (AA)
CIK: 0001675149
Period of Report: 2023-01-27

Reporting Person: Oplinger William F (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-27	Common Stock, par value $0.01 per share	M	9807	$27.96	Acquired	206004.226	Direct
2023-01-27	Common Stock, par value $0.01 per share	S	134444	$53.0351	Disposed	71560.226	Direct
2023-01-30	Common Stock, par value $0.01 per share	S	0.226	$52.75	Disposed	71560	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-27	Employee Stock Option (right to buy)	$27.96	M	9807	Disposed	2029-01-24	Common Stock (9807)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	537	Indirect

Footnotes

F1: The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $52.5700 - $53.4500. 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: Fluctuations in 401(k) share amounts reflect the plan's unit reporting method; units represent interests in the Company's stock fund.

F3: This option vested in equal installments over three years beginning on the date shown.