Delta Director Alain Bellemare Sells 15,000 Shares Near $86
As seen on the 24/7 Wall St. homepage on November 9, 2026.
Delta director Alain Bellemare exercised 13,000 options at $39.78 and flipped them near $86, part of roughly 28,000 shares sold around the mid-$80s. He still holds 80,025 shares, so this reads as option-cycle housekeeping.
Continue ReadingShow less
Alain Bellemare, a member of Delta Air Lines' board of directors, sold 15,000 shares at $85.82 each on November 9, 2026. The sale accompanied an exercise of long-held options, locking in a spread against the mid-$80s market price.
The 15,000 shares sold represent less than a fifth of his prior holdings, a meaningful reduction. After the transaction, Bellemare still holds 80,025 shares, keeping him with a sizable stake in the airline.
Sponsored
The structure of the trade, exercising long-held options and immediately selling into the market, is a pattern typically associated with routine option-cycle management. Directors routinely liquidate option grants near expiration to realize gains without that activity signaling a change in their outlook on the company.
For investors tracking insider activity at Delta, Bellemare retained the large majority of his position. A director offloading a slice of appreciated options while holding on to 80,025 shares tends to read as housekeeping.
Sources
Mentioned: DAL
