DK Insider Filing: Soreq Avigal Withholds 7,768 Shares for Taxes

Rhea-AI Filing Summary

Soreq Avigal, President & CEO and Director of Delek US Holdings, Inc. (DK), reported a transaction dated 09/10/2025 showing 7,768 shares of common stock disposed of at a price of $29.71 per share. The filing explains these shares were withheld for tax purposes upon vesting of equity awards, not sold on the open market. Following the withholding, Avigal beneficially owns 193,519 shares, held directly. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/12/2025. The filing is a routine insider reporting of compensation-related withholding rather than an active sale.

Positive

• Withholding indicates retention of underlying equity award rather than an open-market sale, preserving insider alignment
• Transaction is routine and properly reported via Form 4, signed by attorney-in-fact, showing governance/compliance processes

Negative

• Direct holdings decreased by 7,768 shares due to tax withholding, lowering the reported share count to 193,519

Insights

Financial Analyst

TL;DR: Routine tax-withholding for vested equity; modest reduction in direct shares, limited near-term market impact.

The transaction code and explanation indicate the 7,768 shares were withheld to satisfy tax obligations on vested awards, not sold into the market. At a reported price of $29.71, the withheld amount is administrative and reflects compensation realization rather than a decision to liquidate holdings. The post-transaction direct ownership of 193,519 shares remains material for insider alignment, but this single withholding event is not likely to be a material liquidity or signaling event for investors.

Corporate Governance Expert

TL;DR: Filing reflects standard insider reporting and tax-withholding on equity awards; governance controls appear followed.

The Form 4 discloses withholding for taxes upon vesting, which is a common compliance step when equity awards vest. The report was executed by an attorney-in-fact, indicating administrative handling consistent with governance practices. There is no indication of unusual timing, accelerations, or external agreements affecting the transaction. As filed, this is a routine disclosure with no evident governance concerns.

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

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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^*

Soreq Avigal

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

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)		7,768	D	$29.71	193,519	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 Delek US (DK) CEO Soreq Avigal report on the Form 4?

The Form 4 reports that on 09/10/2025 7,768 common shares were disposed of at $29.71 per share via withholding for tax purposes upon vesting of equity awards.

Why were shares "disposed of" on this Form 4 if they were withheld for taxes?

The filing explains the shares were withheld to satisfy tax obligations when equity awards vested, which is reported as a disposal even though it is not a market sale.

How many shares does Soreq Avigal beneficially own after the reported transaction?

The Form 4 shows a post-transaction direct beneficial ownership of 193,519 shares.

Who signed the Form 4 for the reporting person and when?

The Form 4 was signed by /s/ Misty Lavender, Attorney in Fact on 09/12/2025.

Does this Form 4 indicate an open-market sale by the CEO?

No. The filing specifies the shares were withheld for taxes upon vesting of awards, not sold on the open market.