Delek US (NYSE: DK) EVP exercises 52,221 shares, withholds 20,673

Rhea-AI Filing Summary

Delek US Holdings executive Denise Clark McWatters, EVP, General Counsel and Corporate Secretary, exercised derivative equity awards into 52,221 shares of common stock at $38.11 per share. On the same day, 20,673 shares were disposed of to satisfy tax withholding obligations, leaving her with 84,277 shares of directly owned common stock.

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

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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^*

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)
02/27/2026

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	02/27/2026		M		52,221	A	$38.11	104,950	D
Common Stock	02/27/2026		F(1)		20,673	D	$38.11	84,277	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	03/02/2026
	** 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).
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FAQ

What insider transactions did DK executive Denise Clark McWatters report?

Denise Clark McWatters reported exercising derivative awards for 52,221 Delek US Holdings common shares at $38.11. On the same date, 20,673 shares were disposed of to cover tax withholding, resulting in 84,277 shares directly owned after the transactions.

Did the DK insider Form 4 show a net purchase or sale of shares?

The Form 4 shows both acquisition and disposition activity, effectively a mixed transaction. McWatters acquired 52,221 shares through derivative exercise and disposed of 20,673 shares for tax withholding, ending with 84,277 directly owned shares after these equity-related movements.

Why were 20,673 DK shares disposed of in the Form 4 filing?

The 20,673 Delek US Holdings shares were withheld to satisfy tax obligations tied to equity vesting. A footnote explains these shares were retained for tax purposes, meaning the disposition was not an open-market sale but a tax-withholding transaction related to the award.

How many Delek US (DK) shares does Denise Clark McWatters own after the transactions?

After the reported transactions, Denise Clark McWatters directly owns 84,277 Delek US Holdings common shares. This figure reflects the exercise of 52,221 shares and the tax-withholding disposition of 20,673 shares, as detailed in the Form 4 insider transaction data.

At what price were the DK shares associated with the insider transactions valued?

Both the exercised and tax-withheld Delek US Holdings shares were valued at $38.11 per share. This price applies to the 52,221 shares acquired through derivative exercise and the 20,673 shares withheld for taxes, according to the reported Form 4 transaction details.