DELTA AIR LINES, INC. — Director's Dealing 2021

Jul 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELTA AIR LINES, INC. (DAL)
CIK: 0000027904
Period of Report: 2021-07-19

Reporting Person: Janki Daniel C. (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-19	Common Stock	A	116710	—	Acquired	116710	Direct
2021-07-19	Common Stock	A	41890	—	Acquired	158600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-19	Employee Stock Option (right to buy)	$38.56	A	73730	Acquired	2031-07-18	Common Stock (73730)	Direct

Footnotes

F1: The shares represent a grant of restricted common stock to Mr. Janki, as approved by the Personnel & Compensation Committee of Delta's Board of Directors (the "Committee"). Subject to the terms of the award, the restrictions on the shares will lapse in three equal installments on July 12, 2022, 2023 and 2024. This grant is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1).

F2: The Committee granted Mr. Janki 41,890 shares of restricted common stock under Delta's 2021 long-term incentive program. The restricted stock will vest pursuant to the terms of the applicable award agreement. This grant is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1).

F3: The Committee granted Mr. Janki an option to purchase 73,730 shares of common stock under Delta's 2021 long-term incentive program. The option will vest and become exercisable in three equal installments beginning on February 1, 2022. This grant is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1).