=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-07-27
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: American Airlines Group Inc. (AAL)
CIK: 0000006201
--- Reporting Owner ---
Name: Johnson Stephen L
CIK: 0001458560
Role: Officer (Vice Chair)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-07-27 | Code: S (Open market sale)
Shares: -30,000 | Price: $14.67
Total Value: $440,112.00
Shares Owned After: 2,058,357 | Ownership: D (Direct)
Footnotes:
[F1] This sale was effected in connection with tax planning, and the proceeds from the transaction are being used to help satisfy tax obligations of the Reporting Person.
[F2] The price reported is a weighted average. These shares were sold in multiple transactions at prices ranging from $14.565 to $14.955 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer 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 range set forth in this footnote.
[Transaction #2]
Security: Common Stock
Date: 2026-07-28 | Code: S (Open market sale)
Shares: -30,000 | Price: $15.16
Total Value: $454,818.00
Shares Owned After: 2,028,357 | Ownership: D (Direct)
Footnotes:
[F1] This sale was effected in connection with tax planning, and the proceeds from the transaction are being used to help satisfy tax obligations of the Reporting Person.
[F3] The price reported is a weighted average. These shares were sold in multiple transactions at prices ranging from $14.75 to $15.40 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer 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 range set forth in this footnote.
[Transaction #3]
Security: Common Stock
Date: 2026-07-29 | Code: S (Open market sale)
Shares: -30,000 | Price: $15.01
Total Value: $450,378.00
Shares Owned After: 1,998,357 | Ownership: D (Direct)
Footnotes:
[F1] This sale was effected in connection with tax planning, and the proceeds from the transaction are being used to help satisfy tax obligations of the Reporting Person.
[F4] The price reported is a weighted average. These shares were sold in multiple transactions at prices ranging from $14.71 to $15.22 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer 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 range set forth in this footnote.
--- Footnotes (Complete Index) ---
F1: This sale was effected in connection with tax planning, and the proceeds from the transaction are being used to help satisfy tax obligations of the Reporting Person.
F2: The price reported is a weighted average. These shares were sold in multiple transactions at prices ranging from $14.565 to $14.955 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer 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 range set forth in this footnote.
F3: The price reported is a weighted average. These shares were sold in multiple transactions at prices ranging from $14.75 to $15.40 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer 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 range set forth in this footnote.
F4: The price reported is a weighted average. These shares were sold in multiple transactions at prices ranging from $14.71 to $15.22 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer 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 range set forth in this footnote.
--- Signature ---
/s/ Michelle A. Earley, with Power of Attorney (2026-07-29)
