SOUTHWEST AIRLINES CO (LUV) · Insider Trading (Form 4) SEC Filing

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2025-12-02 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: SOUTHWEST AIRLINES CO (LUV) CIK: 0000092380 --- Reporting Owner --- Name: BROOKS DOUGLAS H CIK: 0001186331 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2025-12-02 | Code: G (Gift) Shares: -1,836 | Price: $0.00 Shares Owned After: 0 | Ownership: I (Indirect) | Nature: By grantor retained annuity trust Footnotes: [F1] On November 22, 2023, the reporting person contributed 8,222 shares of LUV common stock to a grantor retained annuity trust for the benefit of himself and his two adult children. Upon termination of the trust on December 2, 2025, 1,836 of the shares were transferred to the reporting person's children. The remaining 6,705 shares (which include shares acquired under an exempt Rule 16a-11 dividend reinvestment plan) were previously distributed to the reporting person and continue to be reported on this Form 4 as directly owned. [Transaction #2] Security: Common Stock Date: 2025-12-02 | Code: G (Gift) Shares: -1,836 | Price: $0.00 Shares Owned After: 0 | Ownership: I (Indirect) | Nature: By Grantor Retained Annuity Trust Footnotes: [F2] On November 22, 2023, the reporting person contributed 8,221 shares of LUV common stock to a grantor retained annuity trust for the benefit of his spouse and his two adult children. Upon termination of the trust on December 2, 2025, 1,836 of the shares were transferred to the reporting person's children. The remaining 6,705 shares (which include shares acquired under an exempt Rule 16a-11 dividend reinvestment plan) were previously distributed to the reporting person's joint brokerage account and continue to be reported on this Form 4 as directly owned. [Transaction #3] Security: Common Stock Date: 2026-05-07 | Code: A (Grant or award) Shares: +4,108 | Price: $0.00 Shares Owned After: 84,223 | Ownership: D (Direct) --- Holdings --- [Holding #1] Security: Common Stock Ownership: D (Direct) Footnotes: [F3] Includes 1,842 shares acquired under an exempt Rule 16a-11 dividend reinvestment plan. --- Footnotes (Complete Index) --- F1: On November 22, 2023, the reporting person contributed 8,222 shares of LUV common stock to a grantor retained annuity trust for the benefit of himself and his two adult children. Upon termination of the trust on December 2, 2025, 1,836 of the shares were transferred to the reporting person's children. The remaining 6,705 shares (which include shares acquired under an exempt Rule 16a-11 dividend reinvestment plan) were previously distributed to the reporting person and continue to be reported on this Form 4 as directly owned. F2: On November 22, 2023, the reporting person contributed 8,221 shares of LUV common stock to a grantor retained annuity trust for the benefit of his spouse and his two adult children. Upon termination of the trust on December 2, 2025, 1,836 of the shares were transferred to the reporting person's children. The remaining 6,705 shares (which include shares acquired under an exempt Rule 16a-11 dividend reinvestment plan) were previously distributed to the reporting person's joint brokerage account and continue to be reported on this Form 4 as directly owned. F3: Includes 1,842 shares acquired under an exempt Rule 16a-11 dividend reinvestment plan. --- Signature --- /s/ /s/ Claire Hoedebeck, on behalf of and as attorney-in-fact for Douglas H. Brooks (2026-05-11)