Delek US (DK) Insider Tax Withholding: 4,827 Shares Surrendered; 55,375 Remaining

Rhea-AI Filing Summary

Denise Clark McWatters, EVP, General Counsel and Corporate Secretary of Delek US Holdings, Inc. (DK), reported a disposition of common stock on 09/10/2025. The filing shows 4,827 shares were surrendered and marked “D” at a price of $29.71 per share, and the explanatory note states these shares were withheld to satisfy tax obligations upon vesting of equity awards. After the withholding, Ms. McWatters is reported to beneficially own 55,375 shares.

The Form 4 was signed by an attorney-in-fact on 09/12/2025. No other derivative transactions, additional purchases, or changes in indirect ownership are reported in this filing.

Positive

• Retained significant ownership: Reporting person still beneficially owns 55,375 shares after the withholding.
• Transaction clearly explained: Filing states shares were withheld for tax purposes upon vesting, indicating an administrative action rather than an open-market sale.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A routine tax-withholding disposition on vested awards; maintains substantial share ownership, no governance red flags.

The transaction is explicitly described as shares withheld for tax purposes upon vesting of equity awards, which is a common administrative action and not an active sale. The reporting person continues to hold 55,375 shares after withholding, so there is ongoing insider alignment with shareholders. There are no indications of unusual timing, large open-market sales, or changes to indirect ownership that would raise governance concerns.

Securities Analyst

TL;DR: Administrative withholding reduced holdings by 4,827 shares at $29.71; impact on valuation or liquidity is immaterial.

The recorded disposition reflects tax withholding rather than a discretionary sale, with 4,827 shares withheld at an indicated price of $29.71. Given the remaining beneficial ownership of 55,375 shares, the reported change is small relative to typical institutional share counts and does not imply a change in insider conviction or trigger material market impact based on the filing alone.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McWatters Denise Clark

Role EVP, Gen Counsel & Corp Sec

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	4,827	$29.71	$143K

Holdings After Transaction: Common Stock — 55,375 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McWatters Denise Clark

(Last) (First) (Middle)

310 SEVEN SPRINGS WAY

SUITE 500

(Street)

BRENTWOOD TN 37027

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Delek US Holdings, Inc. [ DK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Gen Counsel & Corp Sec

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/10/2025		F(1)		4,827	D	$29.71	55,375	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld for tax purposes upon vesting of equity awards.

Remarks:

	/s/ Misty Lavender, Attorney in Fact	09/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Denise Clark McWatters report on Form 4 for DK?

The filing reports 4,827 shares were disposed (withheld) on 09/10/2025 at a price of $29.71 per share to satisfy taxes on vested equity awards.

How many DK shares does the reporting person own after the transaction?

The Form 4 shows the reporting person beneficially owns 55,375 shares following the reported withholding.

Was the disposition an open-market sale or a tax withholding?

The explanatory note explicitly states the shares were withheld for tax purposes upon vesting, not sold on the open market.

When was the Form 4 signed and by whom?

The form bears a signature by an attorney-in-fact, Misty Lavender, dated 09/12/2025.

Does the filing report any derivative transactions or changes in indirect ownership?

No derivative securities or indirect ownership changes are reported in this Form 4.