[Form 4] Delek US Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Reuven Spiegel, Executive Vice President, Special Projects and officer of Delek US Holdings, Inc. (DK), reported a Form 4 showing a disposition of 2,909 shares of the company's common stock on 09/10/2025 at a price of $29.71 per share. After the transaction, the reporting person beneficially owned 50,020 shares. The filing states the shares were withheld for tax purposes upon vesting of equity awards. The Form 4 was signed by an attorney-in-fact on 09/12/2025. The document contains only this insider sale and the explanatory remark that the transfer was for tax withholding.

Positive

• Timely and specific disclosure of the transaction and the post-transaction beneficial ownership (50,020 shares)
• Explanation provided that shares were withheld for tax purposes upon vesting, clarifying the nature of the disposition

Negative

• Disposition of 2,909 shares at $29.71 per share on 09/10/2025, reducing the reporting person's holdings
• No additional context on total insider holdings across related parties or potential subsequent plans

Insights

Securities Analyst

TL;DR: Officer reported a small, routine tax-withholding sale of 2,909 shares; ownership remains material at 50,020 shares.

This Form 4 documents a routine disposition resulting from tax withholding tied to the vesting of equity awards. The sale size (2,909 shares) appears modest relative to typical insider holdings and the filing explicitly links the transfer to tax obligations rather than a voluntary open-market sale for cash needs. From a disclosure and governance perspective, timely reporting and the explanation reduce ambiguity about insider intent. No new operational or financial information about Delek US is provided.

Corporate Governance Expert

TL;DR: The filing is a standard, compliant insider reporting; withholding for taxes is a common, non-material action.

The Form 4 is concise and includes the customary explanatory remark that shares were withheld to satisfy tax withholding upon vesting. Such transactions are routine and generally do not indicate a change in management confidence. The residual beneficial ownership of 50,020 shares remains disclosed, supporting transparency. No indications of extraordinary or coordinated insider activity are present.

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
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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^*

Spiegel Reuven

(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, Special Projects

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)		2,909	D	$29.71	50,020	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 did Delek US (DK) insider Reuven Spiegel report on Form 4?

The Form 4 reports a disposition of 2,909 common shares on 09/10/2025 at $29.71, leaving 50,020 shares beneficially owned.

Why were the 2,909 shares disposed according to the filing?

The filing states the shares were withheld for tax purposes upon vesting of equity awards.

When was the Form 4 signed for this transaction?

The Form 4 was signed by an attorney-in-fact on 09/12/2025.

Does the Form 4 indicate a market sale unrelated to taxes?

No. The document explicitly indicates the transfer was for tax withholding, not an open-market sale.

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

After the reported transaction the reporting person beneficially owns 50,020 shares.