United Airlines (UAL) insider buying and selling
Every Table I transaction reported by directors and officers of S&P 500 companies on SEC Form 4 filings (2 business days to file): each row labeled with its official transaction code, nothing filtered out beforehand.
Open-market purchases (code P) are the rare signal, in green; sales (code S) are common and often pre-scheduled (10b5-1). Table II (derivatives) is not included: its prices are exercise prices, not market values. Guide: insider buying.
| Date | Ticker | Insider | Role | Shares | Price | Amount | % of stake | Type / filing |
|---|
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United Airlines Holdings, Inc. (UAL) insider buying and selling: no purchases, 13 sales
68 Form 4 Table I transactions filed with the SEC by United Airlines Holdings, Inc. insiders between 2025-09-26 and 2026-08-27 (15-month history): 0 open-market purchases and 13 sales, plus 55 transactions under other Form 4 codes, broken down one by one below. The largest open-market trade is a sale of $18.8M by Kirby J Scott on 2026-07-21.
United Airlines insider buying and selling over the last 12 months
Between Oct 21, 2025 and Oct 20, 2026, United Airlines insiders filed 13 sales worth $53.4M on the open market, and no purchases.
The biggest seller was Kirby J Scott (Chief Executive Officer): $37.7M in 4 sales, out of 6 different sellers.
The largest trade of the period was a sale of $18.8M on Jul 21, 2026, by Kirby J Scott (Chief Executive Officer). Form 4 on sec.gov (0000100517-26-000142).
Of the 13 sales, 4 (31%, $20.2M) carry the 10b5-1 plan flag on the Form 4, meaning they were scheduled months ahead; the other 9 do not.
The last three months show 7 sales, against 4 in the three before. The latest sale from Aug 25, 2026.
Against its sector (Industrials, 75 companies with an insider page on this site), over the same dates the median is 8 sales and 0 purchases on the open market. United Airlines has more sales than 50 of the other 74, ranks 16 of 75 by net dollars sold, and 28 of the 75 have at least one purchase.
The 20 most important trades
With no open-market purchases, the table starts with UAL's sales, largest first. The full history is in the tool above, already searched.
See all 68 UAL trades in the full history →
| Trade date | Filed | Insider | Role | Amount | Code | Filing |
|---|---|---|---|---|---|---|
| 2026-07-21 | 2026-07-21 | Kirby J Scott | Chief Executive Officer | $18.8M | S — Open-market sale2 Form 4 footnotesF2 Proceeds from the sale were used to pay the exercise price of such portion of the stock option, pursuant to a broker-assisted cashless exercise, as well as applicable broker fees and commissions and withholding taxes. F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.37 to $119.48, 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. | SEC |
| 2025-12-03 | 2025-12-03 | Kirby J Scott | Chief Executive Officer | $12.9M | S — Open-market sale (scheduled 10b5-1)2 Form 4 footnotesF1 Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2025. F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.00 to $109.64, 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. | SEC |
| 2026-06-15 | 2026-06-17 | Kirby J Scott | Chief Executive Officer | $5.9M | S — Open-market sale (scheduled 10b5-1)2 Form 4 footnotesF1 Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2025. F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.00 to $124.43, inclusive, on June 15, 2026, and from $120.00 to $122.69, inclusive, on June 16, 2026. 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. | SEC |
| 2026-05-26 | 2026-05-28 | Gebo Kate | EVP HR and Labor Relations | $4.2M | S — Open-market sale Indirect holding, through: See Footnote 2 Form 4 footnotesF1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.00 to $105.905, 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. F3 By spouse of the reporting person. | SEC |
| 2026-07-28 | 2026-07-28 | Hart Brett J | President | $3.6M | S — Open-market saleForm 4 footnoteF5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.55 to $120.80, 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. | SEC |
| 2026-07-24 | 2026-07-28 | Enqvist Torbjorn J | EVP & Chief Operations Officer | $2.4M | S — Open-market saleForm 4 footnoteF1 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. | SEC |
| 2026-02-02 | 2026-02-04 | Hart Brett J | President | $2.0M | S — Open-market saleForm 4 footnoteF1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.41 to $106.598, 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. | SEC |
| 2026-08-03 | 2026-08-05 | Leskinen Michael D. | EVP & Chief Financial Officer | $1.3M | S — Open-market sale (scheduled 10b5-1)2 Form 4 footnotesF1 Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 30, 2026. F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.66 to $129.93, 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. | SEC |
| 2026-05-01 | 2026-05-05 | Nocella Andrew P | EVP & Chief Commercial Officer | $631k | S — Open-market sale | SEC |
| 2026-08-25 | 2026-08-27 | Nocella Andrew P | EVP & Chief Commercial Officer | $585k | S — Open-market sale | SEC |
| 2026-07-28 | 2026-07-28 | Nocella Andrew P | EVP & Chief Commercial Officer | $506k | S — Open-market sale | SEC |
| 2026-08-04 | 2026-08-05 | Nocella Andrew P | EVP & Chief Commercial Officer | $397k | S — Open-market sale | SEC |
| 2026-06-16 | 2026-06-17 | Kirby J Scott | Chief Executive Officer | $130k | S — Open-market sale (scheduled 10b5-1)2 Form 4 footnotesF1 Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2025. F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.00 to $124.43, inclusive, on June 15, 2026, and from $120.00 to $122.69, inclusive, on June 16, 2026. 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. | SEC |
| 2026-07-21 | 2026-07-21 | Kirby J Scott | Chief Executive Officer | $9.4M | M — Option exerciseForm 4 footnoteF1 Stock options were granted on August 29, 2016 in connection with Mr. Kirby joining the Issuer and vested in three installments of 53,107 options on each of August 29, 2020, August 29, 2021 and August 29, 2022 with an expiration date of August 29, 2026. | SEC |
| 2026-02-13 | 2026-02-18 | Kirby J Scott | Chief Executive Officer | $8.4M | F — Tax withholding (shares surrendered for taxes)Form 4 footnoteF2 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. | SEC |
| 2026-02-13 | 2026-02-18 | Hart Brett J | President | $5.7M | F — Tax withholding (shares surrendered for taxes)Form 4 footnoteF2 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. | SEC |
| 2026-02-28 | 2026-03-03 | Kirby J Scott | Chief Executive Officer | $5.4M | F — Tax withholding (shares surrendered for taxes)Form 4 footnoteF5 This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU awards referenced in footnotes 2 - 4, above. | SEC |
| 2026-02-28 | 2026-03-03 | Hart Brett J | President | $3.7M | F — Tax withholding (shares surrendered for taxes)Form 4 footnoteF5 This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU awards referenced in footnotes 2 - 4, above. | SEC |
| 2026-07-25 | 2026-07-28 | Kirby J Scott | Chief Executive Officer | $3.3M | F — Tax withholding (shares surrendered for taxes)Form 4 footnoteF2 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. | SEC |
| 2025-09-24 | 2025-09-26 | Kirby J Scott | Chief Executive Officer | $3.1M | F — Tax withholding (shares surrendered for taxes)Form 4 footnoteF2 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. | SEC |
The period balance: money in, money out
In the Form 4 filings submitted between Sep 26, 2025 and Aug 27, 2026 there is not one open-market purchase of United Airlines Holdings, Inc.: 13 sales worth $53.4M and zero dollars bought.
Only codes P and S count, where an insider puts in or takes out their own money. A selling balance like United Airlines Holdings, Inc.'s is the norm in the S&P 500, where much of the pay comes as stock. It is not a recommendation to buy or sell: it is what was filed.
Every transaction, code by code
| Code | What it means | Trades | Reported amount |
|---|---|---|---|
| F | Tax withholding (shares surrendered for taxes) | 22 | $52.5M |
| A | Grant or award | 14 | $0 |
| S | Open-market sale | 13 | $53.4M |
| M | Option exercise | 10 | $11.0M |
| G | Gift | 8 | $0 |
| D | Sale back to the issuer | 1 | $121k |
| Total | Everything filed in the period | 68 | $117.0M |
30 of the 68 rows carry no usable amount on the Form 4: they count as trades and add $0. The code labels come from the SEC index.
Who has traded
Over the 15 months of history, 9 distinct people or entities have filed United Airlines Holdings, Inc. transactions: none bought on the open market and 6 sold. Counted by CIK, the fixed number the SEC gives each filer, and not by name, which each filer types their own way.
Of the 6 who sold on the open market (13 sales in all), the three biggest sellers account for $47.6M of the $53.4M: 89% of the money in three people.
| Filer | Role | Transactions | Bought (count) | Sold (count) | Last filed |
|---|---|---|---|---|---|
| Kirby J Scott | Chief Executive Officer | 14 | — | $37.7M (4) | 2026-07-28 |
| Hart Brett J | President | 12 | — | $5.7M (2) | 2026-07-28 |
| Gebo Kate | EVP HR and Labor Relations | 11 | — | $4.2M (1) | 2026-07-28 |
| Enqvist Torbjorn J | EVP & Chief Operations Officer | 7 | — | $2.4M (1) | 2026-07-28 |
| Nocella Andrew P | EVP & Chief Commercial Officer | 10 | — | $2.1M (4) | 2026-08-27 |
| Leskinen Michael D. | EVP & Chief Financial Officer | 7 | — | $1.3M (1) | 2026-08-05 |
| Bokemeier Brigitte | Vice President & Controller | 4 | — | — | 2026-03-03 |
| Whitehurst James M | Director | 2 | — | — | 2026-05-22 |
Shown here are the 8 who moved the most money, out of 9. The rest are in the full history, one link above. The name links to all their trades, in any company. "Transactions" counts any code; the money, open market only. Role: from their latest filing.
Month by month
By the month the trade was executed, not the month it was filed; months with no trades show zero. The busiest month was Jul 2026: 0 purchases and 4 sales, worth $25.3M. 9 of the 15 months have none.
| Month | Purchases | Amount | Sales | Amount |
|---|---|---|---|---|
| Aug 2025 | 0 | $0 | 0 | $0 |
| Sep 2025 | 0 | $0 | 0 | $0 |
| Oct 2025 | 0 | $0 | 0 | $0 |
| Nov 2025 | 0 | $0 | 0 | $0 |
| Dec 2025 | 0 | $0 | 1 | $12.9M |
| Jan 2026 | 0 | $0 | 0 | $0 |
| Feb 2026 | 0 | $0 | 1 | $2.0M |
| Mar 2026 | 0 | $0 | 0 | $0 |
| Apr 2026 | 0 | $0 | 0 | $0 |
| May 2026 | 0 | $0 | 2 | $4.8M |
| Jun 2026 | 0 | $0 | 2 | $6.0M |
| Jul 2026 | 0 | $0 | 4 | $25.3M |
| Aug 2026 | 0 | $0 | 3 | $2.3M |
| Sep 2026 | 0 | $0 | 0 | $0 |
| Oct 2026 | 0 | $0 | 0 | $0 |
The last month may be partial: a Form 4 is filed up to two business days later. The table does not say whether the pattern is good or bad; it says when it happened.
United Airlines Holdings, Inc. (UAL) analysis page →
Other Industrials companies with insider trades
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Which insiders are buying their own company stock →
How to read this data
4 of the 13 sales in the table are flagged as scheduled (10b5-1 plan): signed months ahead and executed automatically, so they say nothing about what the insider thinks today. United Airlines has no open-market purchase (code P) in the history, the most common case in the S&P 500: insiders are already paid in stock. The latest filing is from Aug 27, 2026, and a Form 4 arrives up to two business days after the trade.
16 of the 20 rows in the table carry footnotes from the Form 4 itself, folded into the code column and copied verbatim; a row with no footnote means the filing has none.
Guide: Insider buying · all guides
What is behind these trades
The concepts on this page, explained from scratch in the Academy. Free, no account.
- What the efficiency hypothesis says and what it does NOT sayIf an insider's purchase is public and anyone can read it, is there any information left in it? That is the exact question that brings people here.
- Who really moves the market: the types of investorWho sits on the other side of each order, and where a company's own insiders fit among them.
- Supply, demand and price: why it rises and falls constantlyHow a piece of news ends up inside the price, and why the reaction to a filed sale is rarely the one you would expect.
Source: SEC EDGAR Form 4. This is a list of public facts, not financial advice or a recommendation to buy or sell.