Alcoa Corp — Director's Dealing 2025

May 14, 2025

SEC Form 4

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person [] 2. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer
Bevan John A Alcoa Corp [ AA ] (Check all applicable)
X Director 10% Owner
3. Date of Earliest Transaction (Month/Day/Year)
Officer (give title below) Other (specify below)
05/12/2025
(Last) (First) (Middle)
201 ISABELLA STREET 4. If Amendment, Date of Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line)
SUITE 500 X Form filed by One Reporting Person
Form filed by More than One Reporting Person
(Street)
Rule 10b5-1(c) Transaction Indication
PITTSBURGH PA 15212
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See
Instruction 10.
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction 2A. Deemed 3. Transaction 4. Securities Acquired (A) or Disposed Of (D) 5. Amount of Securities 6. Ownership Form: 7. Nature of
Date Execution Date, Code (Instr. 8) (Instr. 3, 4 and 5) Beneficially Owned Direct (D) or Indirect Indirect
(Month/Day/Year) if any Following Reported (I) (Instr. 4) Beneficial
(Month/Day/Year) Code V Amount (A) or (D) Price Transaction(s) (Instr. 3 and Ownership (Instr.
4) 4)
Common Stock, par value $0.01 per share 05/12/2025 A 5,690 A $0 9,667 D
Common Stock, par value $0.01 per share 8,566 I(1) By trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. 3. Transaction 3A. Deemed 4. Transaction Code 5. Number of Derivative 6. Date Exercisable and 7. Title and Amount of Securities Underlying 8. Price of 9. Number of 10. Ownership 11. Nature of
(Instr. 3) Conversion Date Execution Date, (Instr. 8) Securities Acquired (A) or Expiration Date Derivative Security (Instr. 3 and 4) Derivative derivative Form: Direct Indirect
or Exercise (Month/Day/Year) if any Disposed of (D) (Instr. 3, (Month/Day/Year) Security (Instr. Securities (D) or Indirect Beneficial
Price of (Month/Day/Year) 4 and 5) 5) Beneficially (I) (Instr. 4) Ownership (Instr.
Derivative Owned 4)
Security Following
Amount or Reported
Date Expiration Number of Transaction(s)
Code V (A) (D) Exercisable Date Title Shares (Instr. 4)
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Explanation of Responses:

1. Shares are traded as Chess Depositary Interests ("CDIs") on the Australian Stock Exchange (the "ASX"). CDIs represent a beneficial interest in one ordinary share of Alcoa Corporation held by CHESS Depositary Nominees Pty. Ltd.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney for John A. Bevan

/s/ Marissa P. Earnest, attorney-in-fact for John 05/14/2025 A. Bevan ** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

• If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

• ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

ALCOA CORPORATION

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that I, the undersigned director and/or officer (or nominee) of Alcoa Corporation, a Delaware corporation (the "Company"), hereby constitute and appoint Andrew Hastings, Marissa P. Earnest, Megan C. Yancey, Alexander N. Hernandez, Mary A. Vogel, Janine Gugliotti, and any Assistant Secretary of the Company, and each of them, my true and lawful attorneys-in-fact and agents, with full power to act, together or each without the other, with full power of substitution and resubstitution, in the undersigned’s name, place and stead, in any and all capacities, to (i) prepare, execute and file for and on behalf of the undersigned any reports on Forms 3, 4 and 5 (including any amendments thereto and any successors to such Forms) with respect to ownership, acquisition or disposition of securities of the Company that the undersigned may be required to file or that the undersigned wishes to voluntarily file with the U.S. Securities and Exchange Commission (the “SEC”) in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and other applicable securities and/or stock exchange laws, rules and regulations, (ii) prepare, execute, and submit to the SEC a Form ID (including amendments thereto) and any other documents necessary or appropriate to enroll in EDGAR Next and/or to obtain codes and passwords or passphrases, enabling the undersigned to electronically file reports required by Section 16(a) of the Exchange Act or any rule or regulation of the SEC, (iii) prepare, execute and file for and on behalf of the undersigned any reports (including amendments thereto) that may be required under SEC Rule 144 to permit the undersigned to sell Company common stock without registration under the Securities Act of 1933, as amended (the "Securities Act") in reliance on Rule 144 as amended from time to time, (iv) obtain, as the undersigned's representative and on the undersigned's behalf, information regarding transactions in the Company's equity securities from any third party, including the Company and any brokers, dealers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such third party to release any such information to the attorney-in-fact, or (v) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorneys-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorneys-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorneys-in-fact may approve in such attorney-in-fact’s or attorneys-in-facts’ discretion.

The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act or Rule 144 under the Securities Act. The Company will use all reasonable efforts to apprise the undersigned of applicable filing requirements for purposes of Section 16(a) of the Exchange Act or Rule 144 under the Securities Act.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 or Forms 144 with respect to the undersigned's holdings and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. This Power of Attorney revokes and replaces any prior Power of Attorney executed by the undersigned with respect to the matters described herein.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 8th day of May, 2025.

Signature /s/ John A. Bevan

Printed Name John A. Bevan