United Airlines Holdings, Inc. (UAL) · Insider Trading (Form 4) SEC Filing

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-07-24 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: United Airlines Holdings, Inc. (UAL) CIK: 0000100517 --- Reporting Owner --- Name: Enqvist Torbjorn J CIK: 0001866177 Role: Officer (EVP & Chief Operations Officer) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-07-24 | Code: S (Open market sale) Shares: -20,000 | Price: $119.91 Total Value: $2,398,200.00 Shares Owned After: 114,800 | Ownership: D (Direct) Footnotes: [F1] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.86 to $119.95, inclusive. The reporting person undertakes to provide to United Airlines Holdings, Inc., any security holder of United Airlines Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4. [Transaction #2] Security: Common Stock Date: 2026-07-25 | Code: A (Grant or award) Shares: +24,971 | Price: $0.00 Shares Owned After: 139,771 | Ownership: D (Direct) Footnotes: [F2] Represents shares of UAL common stock acquired upon the settlement of performance-based restricted stock units ("PB RSUs") granted to the reporting person in 2024. [Transaction #3] Security: Common Stock Date: 2026-07-25 | Code: F (Payment of exercise/tax) Shares: -9,825 | Price: $118.27 Total Value: $1,162,002.75 Shares Owned After: 129,946 | Ownership: D (Direct) Footnotes: [F3] This transaction represents the withholding of shares to pay tax withholding obligations associated with the settlement of the PB RSU awards referenced in footnote 1, above. --- Footnotes (Complete Index) --- F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.86 to $119.95, inclusive. The reporting person undertakes to provide to United Airlines Holdings, Inc., any security holder of United Airlines Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4. F2: Represents shares of UAL common stock acquired upon the settlement of performance-based restricted stock units ("PB RSUs") granted to the reporting person in 2024. F3: This transaction represents the withholding of shares to pay tax withholding obligations associated with the settlement of the PB RSU awards referenced in footnote 1, above. --- Signature --- /s/ /s/ James Cotton for Torbjorn J. Enqvist (2026-07-28)