SCHEDULE 13G/A

SOUTHWEST AIRLS CO

Common Stock ($1.00 par value) · CUSIP: 844741108

Event date: 2025-12-31

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Franklin Resources, Inc.

  Shares: 40,200,530.00 · Class: 7.8%

• Charles B. Johnson

  Shares: 0.00 · Class: 0%

• Rupert H. Johnson, Jr.

  Shares: 0.00 · Class: 0%

• PUTNAM INVESTMENT MANAGEMENT LLC

  Shares: 30,928,763.00 · Class: 6.0%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.