QUODD

Insider Transactions last 24 months for Southwest Airlines Co. - NYSE: LUV

Transactions
All	Buy	Sell	Option Exercise

Filer's Name	Relationship/ Title	Trans. Date	Trans. Type	Ownership Type	Security Type	Shares	Price	Trans. Value	Total Shares Owned
Martinez Jimmy Ryan	Principal Accounting Officer	08/21/2025	DF	Direct	COM	68	$31.07	$2,112.76	20,884
Watterson Andrew M	Chief Operating Officer	08/18/2025	AI	Indirect	COM	17,926	$31.31	$561,263.06	17,926
Saretsky Gregg A	Director	08/06/2025	AP	Direct	COM	2,745	$30.03	$82,432.35	23,644
Saretsky Gregg A	Director	08/06/2025	AP	Direct	COM	600	$30.03	$18,015.00	20,899
Feinberg Sarah	Director	08/05/2025	AP	Direct	COM	200	$30.01	$6,001.20	14,229
Feinberg Sarah	Director	08/05/2025	AP	Direct	COM	1,300	$30.01	$39,006.50	14,029
Grissen David	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	9,429
Gangwal Rakesh	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	3,611,729
Saretsky Gregg A	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	20,299
Watson Patricia A	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	16,661
Reynolds Christopher P.	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	24,332
Hess David P	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	28,574
Fornaro Robert L	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	9,429
Feinberg Sarah	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	12,729
Cush C. David	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	24,429
Brooks Douglas H	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	81,306
Breber Pierre R	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	9,429
Atherton Lisa M	Director	05/14/2025	AA	Direct	COM	5,418	$0.00	$0.00	11,540
Saretsky Gregg A	Director	04/30/2025	AP	Direct	COM	3,670	$27.29	$100,168.98	14,881
Breber Pierre R	Director	04/29/2025	AP	Indirect	COM	927	$27.00	$25,029.00	44,000
Breber Pierre R	Director	04/29/2025	AP	Indirect	COM	100	$26.96	$2,696.00	43,073
Breber Pierre R	Director	04/29/2025	AP	Indirect	COM	400	$26.95	$10,780.00	42,973
Breber Pierre R	Director	04/29/2025	AP	Indirect	COM	1,154	$26.94	$31,088.76	42,573
Breber Pierre R	Director	04/29/2025	AP	Indirect	COM	800	$26.93	$21,544.00	41,419
Breber Pierre R	Director	04/29/2025	AP	Indirect	COM	1,500	$26.92	$40,380.00	40,619

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Transaction Type Key First letter: A = Acquired, D = Disposed Second letter: A = Grant, award or other acquisition pursuant to Rule 16b-3(d) C = Conversion of derivative security \| D = Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) \| E = Expiration of short derivative position \| F = Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. \| G = Gift \| H = Expiration (or cancellation) of long derivative position with value received \| I = Discretionary transaction in accordance with Rule 16b-3(f) \| J = Other \| L = Small acquisition under Rule 16a-6 \| M = Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 \| O = Exercise of out-of-the-money derivative security \| P = Open market or private purchase \| S = Open market or private sale \| U = Disposition pursuant to a tender of shares in a change of control transaction \| W = Acquisition or disposition by will or the laws of descent and distribution \| X = Exercise of in-the-money or at-the-money derivative security \| Z = Deposit into or withdrawal from voting trust		Send to Excel

Transaction Type Key
First letter: A = Acquired, D = Disposed
Second letter:
A = Grant, award or other acquisition pursuant to Rule 16b-3(d) C = Conversion of derivative security | D = Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) | E = Expiration of short derivative position | F = Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. | G = Gift | H = Expiration (or cancellation) of long derivative position with value received | I = Discretionary transaction in accordance with Rule 16b-3(f) | J = Other | L = Small acquisition under Rule 16a-6 | M = Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | O = Exercise of out-of-the-money derivative security | P = Open market or private purchase | S = Open market or private sale | U = Disposition pursuant to a tender of shares in a change of control transaction | W = Acquisition or disposition by will or the laws of descent and distribution | X = Exercise of in-the-money or at-the-money derivative security | Z = Deposit into or withdrawal from voting trust

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Filer's Name	Relationship/ Title	Trans. Date	Trans. Type	Ownership Type	Security Type	Shares	Price	Trans. Value	Total Shares Owned
Martinez Jimmy Ryan	Principal Accounting Officer	08/21/2025	DF	Direct	COM	68	$31.07	$2,112.76	20,884
Green Ryan C.	EVP Chief Transformation Ofr.	02/21/2025	DF	Direct	COM	7,918	$29.81	$236,035.58	86,816
Jordan Robert E	CEO & President	02/21/2025	DF	Direct	COM	35,279	$29.81	$1,051,666.99	451,609
Watterson Andrew M	Chief Operating Officer	02/21/2025	DF	Direct	COM	16,285	$29.81	$485,455.85	189,695
Jones Justin	EVP Operations	02/21/2025	DF	Direct	COM	4,280	$29.81	$127,586.80	69,945
Romo Tammy	EVP & CFO	02/21/2025	DF	Direct	COM	15,492	$29.81	$461,816.52	281,953
Rutherford Linda B.	Chief Administration Officer	02/21/2025	DF	Direct	COM	12,853	$29.81	$383,147.93	119,259
Elliott Investment Management L.P.	Other	10/28/2024	DS	Indirect	COM	1,203,920	$29.83	$35,912,933.60	59,912,580
Kelly Gary C	Executive Chairman	09/30/2024	DG	Indirect	COM	84,212	$0.00	$0.00	74,520
Van Eaton William Jason	EVP & Chief R&CA Officer	08/21/2024	DF	Direct	COM	58	$26.58	$1,541.64	23,796
Kelly Gary C	Executive Chairman	04/30/2024	DG	Direct	COM	120,133	$0.00	$0.00	112,489
Green Ryan C.	EVP & Chief Commercial Officer	02/21/2024	DF	Direct	COM	5,207	$34.54	$179,849.78	59,159
Jones Justin	EVP Operations	02/21/2024	DF	Direct	COM	2,313	$34.54	$79,891.02	38,591
Watterson Andrew M	Chief Operating Officer	02/21/2024	DF	Direct	COM	22,036	$34.54	$761,123.44	142,743
Rutherford Linda B.	Chief Administration Officer	02/21/2024	DF	Direct	COM	7,671	$34.54	$264,956.34	93,225
Romo Tammy	EVP & CFO	02/21/2024	DF	Direct	COM	19,929	$34.54	$688,347.66	243,510
Kelly Gary C	Executive Chairman	02/21/2024	DF	Direct	COM	29,659	$34.54	$1,024,421.86	232,622
Jordan Robert E	CEO & President	02/21/2024	DF	Direct	COM	26,603	$34.54	$918,867.62	335,688
Shaw Mark R	EVP & CLRO	02/21/2024	DF	Direct	COM	22,184	$34.54	$766,235.36	143,781