Alcoa Corp — Director's Dealing 2026

Feb 1, 2026

FORM 4 OMB APPROVAL Check this box if no longer subject to Section 16. OMB Number: 3235-0287 Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Estimated average burden hours per Check this box to indicate that a transaction was Washington, D.C. 20549 response... 0.5 made pursuant to a contract, instruction or written STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES plan for the purchase or sale of equity securities of Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

(Print or Type Responses) 1. Name and Address of Reporting Person[[*]] Jones, Tammi A

==> picture [708 x 302] intentionally omitted <==

----- Start of picture text -----

1. Name and Address of Reporting Person [[]] 2. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer
Jones, Tammi A ALCOA CORPORATION [ AA ] (Check all applicable)
_ Director 10% Owner
(Last) (First) (Middle) 3. Date of Earliest Transaction (Month/Day/Year) __ __ Officer (give title below)X __ Other (specify below)
201 Isabella Street, Suite 500 01/28/2026 EVP & CHRO
(Street) 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line)
_ _ Form filed by One Reporting Person X
Pittsburgh, PA 15212 ___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security 2. Transaction 2A. Deemed 3. Transaction 4. Securities Acquired (A) or 5. Amount of Securities Beneficially Owned 6. 7. Nature
(Instr. 3) Date (Month Execution Code Disposed of (D) Following Reported Transaction(s) Ownership of Indirect
/Day/Year) Date, if any (Instr. 8) (Instr. 3, 4 and 5) (Instr. 3 and 4) Form: Beneficial
(Month/Day Direct (D) Ownership
/Year) or Indirect (Instr. 4)
(I)
Code V Amount (A) or (D) Price (Instr. 4)
Common Stock, par value $0.01 per share 01/28/2026 A 9,340 (1) A $ 0 54,519 D
Common Stock, par value $0.01 per share 01/28/2026 A 1,870 (1) A $ 0 56,389 D
Common Stock, par value $0.01 per share 01/28/2026 A 1,770 (1) A $ 0 11,401 I By Spouse
Common Stock, par value $0.01 per share 01/28/2026 A 530 [(1)] A $ 0 11,931 I By Spouse
By
Common Stock, par value $0.01 per share 60 [(2)] I Company
401(k)
----- End of picture text -----*

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

==> picture [708 x 103] intentionally omitted <==

----- Start of picture text -----

( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative 2. Conversion 3. Transaction 3A. Deemed 4. Transaction 5. Number of 6. Date Exercisable and Expiration 7. Title and Amount of 8. Price of 9. Number 10. 11. Nature
Security or Exercise Date (Month Execution Code Derivative Securities Date Underlying Securities Derivative of Ownership of Indirect
(Instr. 3) Price of /Day/Year) Date, if any (Instr. 8) Acquired (A) or (Month/Day/Year) (Instr. 3 and 4) Security Derivative Form of Beneficial
Derivative (Month/Day Disposed of (D) (Instr. 5) Securities Derivative Ownership
Security /Year) (Instr. 3, 4, and 5) Beneficially Security: (Instr. 4)
Owned Direct (D)
Following or Indirect
Amount or Reported (I)
Date Exercisable Expiration Date Title Number of Shares Transaction (Instr. 4)
(s)
Code V (A) (D) (Instr. 4)
----- End of picture text -----

Explanation of Responses:

1. Award of restricted stock units (RSUs), which are settled in stock upon vesting, and generally will vest ratably over a three-year period on the first, second, and third anniversary of the date of grant.

2. Fluctuations in 401(k) share amounts reflect the plan's unit reporting method; units represent interests in the Company's stock fund.

/s/ Marissa P. Earnest, attorney-in-fact for Tammi A. Jones 01/30/2026

** 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.**