SHAPIRO EDWARD

SEC source: 0000100517-26-000177 · wk-form4_1790978390.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,104.51

Underlying: Common Stock · 358.29 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2026 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-26-000166 · wk-form4_1787348787.xml · nonDerivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,000

F1 · shares: Represents a charitable donation by the reporting person.

SEC source: 0000100517-26-000129 · wk-form4_1783022500.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,746.22

Underlying: Common Stock · 292.21 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2026 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-26-000108 · wk-form4_1779482098.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,130

Underlying: Common Stock · 2,130 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.exercise_price: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2026 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2026 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · shares: Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.

F1 · derivative.expiration_date: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.expiration_date: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2026 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2026 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-26-000080 · wk-form4_1775164158.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,454.01

Underlying: Common Stock · 446.73 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2026 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-26-000009 · wk-form4_1767655024.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,007.28

Underlying: Common Stock · 358.81 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2025 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-25-000182 · wk-form4_1759440804.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,648.47

Underlying: Common Stock · 412.37 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2025 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-25-000137 · wk-form4_1751492095.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,236.1

Underlying: Common Stock · 502.89 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2025 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-25-000122 · wk-form4_1748385192.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,410

Underlying: Common Stock · 2,410 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the vesting date (or the average of the high and low sale prices of the common stock on the preceding trading day if the vesting date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.exercise_price: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2025 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2025 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · shares: Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.

F1 · derivative.expiration_date: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the vesting date (or the average of the high and low sale prices of the common stock on the preceding trading day if the vesting date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.expiration_date: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2025 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2025 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-25-000079 · wk-form4_1743631838.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,733.21

Underlying: Common Stock · 597.73 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2025 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-25-000006 · wk-form4_1735943704.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,135.48

Underlying: Common Stock · 411.78 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2024 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-24-000126 · wk-form4_1727906442.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,723.7

Underlying: Common Stock · 695.05 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2024 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-24-000109 · wk-form4_1719952805.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,028.65

Underlying: Common Stock · 803.9 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2024 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-24-000101 · wk-form4_1716931861.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,459

Underlying: Common Stock · 3,459 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.exercise_price: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2024 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2024 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · shares: Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.

F1 · derivative.expiration_date: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.expiration_date: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2024 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2024 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-24-000067 · wk-form4_1712095605.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,224.75

Underlying: Common Stock · 801.62 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2024 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-24-000012 · wk-form4_1704316821.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,423.13

Underlying: Common Stock · 827.52 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2023 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-23-000170 · wk-form4_1696369254.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,595.61

Underlying: Common Stock · 810.35 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2023 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-23-000143 · wf-form4_168859075395715.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,785.26

Underlying: Common Stock · 631.55 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2023 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-23-000127 · wf-form4_168548441032237.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,598

Underlying: Common Stock · 3,598 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.exercise_price: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2023 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2023 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · shares: Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.

F1 · derivative.expiration_date: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.expiration_date: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2023 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2023 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-23-000088 · wf-form4_168064269352927.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,153.71

Underlying: Common Stock · 780.72 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2023 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-23-000082 · wf-form4_167900146199062.xml · nonDerivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 200,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $42.585 to $42.59, 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 purchased at each separate price within the ranges set forth in this Form 4.

SEC source: 0000100517-23-000009 · wf-form4_167287012991439.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,372.99

Underlying: Common Stock · 910.35 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2022 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2022 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000100517-22-000096 · wf-form4_167122754842789.xml · nonDerivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 175,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $39.765 to $39.80, 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 purchased at each separate price within the ranges set forth in this Form 4.

SEC source: 0000100517-22-000063 · wf-form4_166491553960928.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,462.64

Underlying: Common Stock · 1,050.26 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2022 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2022 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-22-026899 · doc4.xml · nonDerivative · entry 2

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,000

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $35.61 to $35.64, 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 source: 0000899243-22-026899 · doc4.xml · nonDerivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 125,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $35.825 to $35.85, 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 source: 0000899243-22-025072 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,412.38

Underlying: Common Stock · 990.92 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2022 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2022 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-22-022639 · doc4.xml · nonDerivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $37.00 to $38.39, 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 source: 0000899243-22-021228 · doc4.xml · nonDerivative · entry 2

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,000

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $44.20 to $44.23, 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 purchased at each separate price within the ranges set forth in this Form 4.

SEC source: 0000899243-22-021228 · doc4.xml · nonDerivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $45.159 to $45.214, 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 purchased at each separate price within the ranges set forth in this Form 4.

SEC source: 0000899243-22-020256 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,767

Underlying: Common Stock · 3,767 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.exercise_price: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2022 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2022 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · shares: Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.

F1 · derivative.expiration_date: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.expiration_date: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2022 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2022 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-22-013403 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,421.46

Underlying: Common Stock · 743.4 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2022 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2022 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-22-000546 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,678.06

Underlying: Common Stock · 777.36 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2021 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2021 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-21-038850 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,900.7

Underlying: Common Stock · 719.29 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2021 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2021 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-21-027279 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,181.41

Underlying: Common Stock · 655.76 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2021 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2021 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-21-021384 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,904

Underlying: Common Stock · 2,904 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.exercise_price: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2021 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2021 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · shares: Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.

F1 · derivative.expiration_date: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.expiration_date: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2021 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2021 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-21-014593 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,525.65

Underlying: Common Stock · 597.41 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2021 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2021 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-21-000420 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,928.24

Underlying: Common Stock · 784.1 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2020 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2020 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-20-020816 · doc4.xml · nonDerivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.00 to $33.50, 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 source: 0000899243-20-020558 · doc4.xml · nonDerivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 157,707

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.510 to $33.555, 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 source: 0000899243-20-014220 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,592

Underlying: Common Stock · 6,592 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.exercise_price: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2020 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2020 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · shares: Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.

F1 · derivative.expiration_date: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.expiration_date: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2020 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2020 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-20-009989 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,144.14

Underlying: Common Stock · 1,071.21 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2020 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2020 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-20-000237 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,072.93

Underlying: Common Stock · 390.23 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2019 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2019 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-19-024737 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,682.7

Underlying: Common Stock · 388.64 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2019 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2019 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-19-021987 · doc4.xml · nonDerivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 182,707

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $81.500 to $82.500, 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 purchased at each separate price within the ranges set forth in this Form 4.

SEC source: 0000899243-19-018892 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,294.06

Underlying: Common Stock · 394.21 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2019 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2019 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-19-014949 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,103

Underlying: Common Stock · 2,103 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.exercise_price: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2019 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2019 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · shares: Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.

F1 · derivative.expiration_date: Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

F2 · derivative.expiration_date: (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2019 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2019 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-19-009609 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,899.85

Underlying: Common Stock · 433.37 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2019 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2019 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-19-000156 · doc4.xml · derivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,466.48

Underlying: Common Stock · 365.58 shares

Expires not disclosed

F1 · derivative.exercise_price: The share units convert to shares of common stock on a 1-for-1 basis.

F2 · shares: Represents 2018 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F2 · price: Represents 2018 quarterly retainer and meeting fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").

F3 · derivative.exercise_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

F3 · derivative.expiration_date: The shares units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.

SEC source: 0000899243-18-030555 · doc4.xml · nonDerivative · entry 1

SHAPIRO EDWARD · CIK 0001168692 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,707

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $87.75 to $88.25, inclusive. The reporting person undertakes to provide to United Continental Holdings, Inc., any security holder of United Continental Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this Form 4.