What the executives and directors of Delta Air Lines actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| Bastian Edward H Chief Executive Officer | CEO | 1.6M | — | $38.5M |
| Carter Peter W President | Officer | 464.6K | — | $6.7M |
| Janki Daniel C. EVP & Chief Operating Officer | COO | 381.9K | — | — |
| HAUENSTEIN GLEN W President | Officer | 280.3K | — | $34.3M |
| BELLEMARE ALAIN EVP & Pres. - International | Officer | 130K | — | $11.9M |
| Ausband Allison C EVP & Chief People Officer | Officer | 128.9K | — | $1.9M |
| Taylor David S | Director | 126.5K | — | — |
| Spanos Mike EVP & Chief Operating Officer | COO | 108.9K | — | — |
| Sear Steven M EVP - Global Sales & Distrib | Officer | 104.4K | — | $5.1M |
| Smith Joanne D EVP & Chief People Officer | Officer | 85.1K | — | — |
| Laughter John E EVP & Chief of Operations | Officer | 54.4K | — | $7.3M |
| Snell Erik Storey EVP & Chief Financial Officer | CFO | 48.9K | — | $2.8M |
| Waller Kathy N | Director | 48.5K | — | — |
| HUERTA MICHAEL P | Director | 35.6K | — | $152K |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-04 | Bastian Edward H (CEO) | Discretionary sale | 206.5K | $92.80 | $19.2M |
| 2026-08-04 | BELLEMARE ALAIN (Officer) | Discretionary sale | 35K | $92.72 | $3.2M |
| 2026-08-04 | Carter Peter W (Officer) | Discretionary sale | 39.9K | $92.98 | $3.7M |
| 2026-08-03 | DEWALT DAVID G (Director) | Discretionary sale | 31.8K | $90.85 | $2.9M |
| 2026-05-27 | BELLEMARE ALAIN (Officer) | Discretionary sale | 25K | $81.44 | $2M |
| 2026-05-27 | Ausband Allison C (Officer) | Discretionary sale | 5,000 | $80.90 | $405K |
| 2026-05-26 | Ausband Allison C (Officer) | Discretionary sale | 5,000 | $79.00 | $395K |
| 2026-05-22 | Ausband Allison C (Officer) | Discretionary sale | 9,710 | $76.00 | $738K |
| 2026-05-21 | Ausband Allison C (Officer) | Discretionary sale | 5,000 | $73.50 | $368K |
| 2026-05-07 | BELLEMARE ALAIN (Officer) | Discretionary sale | 20.6K | $72.75 | $1.5M |
| 2026-04-14 | Laughter John E (Officer) | Discretionary sale | 15K | $71.61 | $1.1M |
| 2026-04-10 | Laughter John E (Officer) | Discretionary sale | 69.3K | $68.15 | $4.7M |
| 2026-02-26 | Bastian Edward H (CEO) | Discretionary sale | 100K | $70.26 | $7M |
| 2026-02-09 | HAUENSTEIN GLEN W (Officer) | Discretionary sale | 137.2K | $75.27 | $10.3M |
| 2026-02-09 | BELLEMARE ALAIN (Officer) | Discretionary sale | 35.2K | $75.20 | $2.6M |
| 2026-02-09 | Sear Steven M (Officer) | Discretionary sale | 38.6K | $75.05 | $2.9M |
| 2026-02-06 | HAUENSTEIN GLEN W (Officer) | Discretionary sale | 123.9K | $74.77 | $9.3M |
| 2026-02-06 | HAUENSTEIN GLEN W (Officer) | Discretionary sale | 165.9K | $71.00 | $11.8M |
| 2026-02-06 | Carter Peter W (Officer) | Discretionary sale | 27K | $74.82 | $2M |
| 2026-02-05 | HAUENSTEIN GLEN W (Officer) | Discretionary sale | 13.6K | $71.00 | $964K |
| 2026-02-05 | Samant Rahul D (Officer) | Discretionary sale | 62.5K | $70.18 | $4.4M |
| 2026-02-02 | Carroll William C (Officer) | Discretionary sale | 5,967 | $68.10 | $406K |
| 2026-01-16 | Snell Erik Storey (Officer) | Discretionary sale | 39.4K | $71.02 | $2.8M |
| 2026-01-15 | Bastian Edward H (CEO) | Discretionary sale | 173.2K | $71.00 | $12.3M |
| 2026-01-15 | BELLEMARE ALAIN (Officer) | Discretionary sale | 36K | $69.21 | $2.5M |
| 2026-01-15 | Carter Peter W (Officer) | Discretionary sale | 14.3K | $70.30 | $1M |
| 2026-01-14 | HAUENSTEIN GLEN W (Officer) | Discretionary sale | 20K | $70.00 | $1.4M |
| 2026-01-14 | Sear Steven M (Officer) | Discretionary sale | 31.3K | $69.69 | $2.2M |
| 2026-01-14 | Samant Rahul D (Officer) | Discretionary sale | 16.5K | $69.57 | $1.2M |
| 2026-01-14 | Samant Rahul D (Officer) | Discretionary sale | 40.5K | $69.57 | $2.8M |
| 2025-10-21 | Laughter John E (Officer) | Discretionary sale | 23.3K | $62.33 | $1.5M |
| 2025-10-15 | Carroll William C (Officer) | Discretionary sale | 14K | $61.25 | $858K |
| 2025-08-27 | HAUENSTEIN GLEN W (Officer) | Discretionary sale | 10K | $61.31 | $613K |
| 2025-08-19 | HUERTA MICHAEL P (Director) | Discretionary sale | 2,500 | $60.71 | $152K |
| 2025-07-23 | Bastian Edward H (CEO) | Discretionary sale | 35K | $56.29 | $2M |
| 2025-07-15 | Carter Peter W (Officer) | Discretionary sale | 17.6K | $57.19 | $1M |
| 2025-07-15 | Sear Steven M (Officer) | Discretionary sale | 18K | $55.96 | $1M |
| 2025-07-11 | BELLEMARE ALAIN (Officer) | Discretionary sale | 20.2K | $56.32 | $1.1M |
| 2025-07-11 | BELLEMARE ALAIN (Officer) | Discretionary sale | 25.2K | $54.95 | $1.4M |
| 2025-04-11 | Taylor David S (Director) | Open-market buy | 10K | $39.20 | $392K |
| 2025-04-10 | Creed Greg (Director) | Open-market buy | 5,000 | $41.84 | $209K |
| 2025-02-11 | Samant Rahul D (Officer) | Discretionary sale | 38K | $64.89 | $2.5M |
| 2025-02-05 | Samant Rahul D (Officer) | Discretionary sale | 6,700 | $69.07 | $463K |
| 2025-02-05 | Samant Rahul D (Officer) | Discretionary sale | 11.3K | $69.09 | $779K |
| 2025-02-03 | Carroll William C (Officer) | Discretionary sale | 6,783 | $65.94 | $447K |
| 2025-01-22 | Bastian Edward H (CEO) | Discretionary sale | 91.7K | $69.85 | $6.4M |
| 2025-01-17 | Carroll William C (Officer) | Discretionary sale | 8,400 | $66.02 | $555K |
| 2024-11-21 | Smith Joanne D (Officer) | Discretionary sale | 19.7K | $64.70 | $1.3M |
| 2024-11-08 | Carroll William C (Officer) | Discretionary sale | 21.5K | $60.63 | $1.3M |
| 2024-11-07 | Smith Joanne D (Officer) | Discretionary sale | 4,207 | $60.71 | $255K |
| 2024-11-07 | Samant Rahul D (Officer) | Discretionary sale | 18.6K | $62.14 | $1.2M |
| 2024-11-06 | HAUENSTEIN GLEN W (Officer) | Discretionary sale | 40K | $62.56 | $2.5M |
| 2024-11-06 | Ausband Allison C (Officer) | Discretionary sale | 7,510 | $62.62 | $470K |
| 2024-11-01 | Sear Steven M (Officer) | Discretionary sale | 10.3K | $58.72 | $604K |
| 2024-10-31 | HAUENSTEIN GLEN W (Officer) | Discretionary sale | 75K | $58.30 | $4.4M |
| 2024-10-30 | Samant Rahul D (Officer) | Discretionary sale | 10K | $58.53 | $585K |
| 2024-10-28 | Bastian Edward H (CEO) | Discretionary sale | 68K | $56.33 | $3.8M |
| 2024-10-17 | BELLEMARE ALAIN (Officer) | Discretionary sale | 19.5K | $55.26 | $1.1M |
| 2024-10-17 | Samant Rahul D (Officer) | Discretionary sale | 10K | $55.48 | $555K |
| 2024-10-16 | Carter Peter W (Officer) | Discretionary sale | 18.1K | $55.78 | $1M |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.