Delta Air Lines Officer Files Form 144 to Sell $4.01M in Common Stock

Executive Summary

On November 4, 2026, Peter W. Carter, an Officer of Delta Air Lines, Inc. (NYSE: DAL), filed SEC Form 144 notifying the proposed sale of 44,950 shares of common stock through Morgan Stanley. The aggregate market value of the planned disposition is approximately $4,011,556.49, implying an average price per share of roughly $89.24.

Transaction & Securities Details

• Issuer: Delta Air Lines, Inc. (CIK: 0000027904)
• Filer: Carter Peter W (Officer, CIK: 0001647706)
• Securities Class: Common Stock
• Broker: Morgan Stanley (1585 Broadway, New York, NY 10036)
• Units to be Sold: 44,950
• Aggregate Market Value: $4,011,556.49
• Approximate Date of Sale: November 4, 2026
• Shares Outstanding: 657,910,000

Origin of Securities

The 44,950 shares proposed to be sold were acquired as executive stock compensation plan grants directly from Delta Air Lines, Inc. across several grant dates:

• 02/01/2022: 4,538 shares
• 02/01/2022: 14,816 shares
• 02/01/2023: 4,394 shares
• 02/01/2023: 4,338 shares
• 02/01/2025: 7,480 shares
• 02/05/2025: 9,384 shares

Market Significance & Context

• Dilution / Volume Impact: The 44,950 shares represent less than 0.01% of Delta's 657.91 million outstanding shares, presenting minimal market absorption friction.
• Transaction Pattern: The filer reported no securities sold in the prior three months. The filing was submitted on behalf of Peter Carter by Evercore Wealth Management.
• Significance Level: Medium, due to the sizable nominal dollar value ($4.01M) being liquidated by a key corporate officer, typical of routine diversification or liquidity events following multi-year equity grant vesting.