Delek US EVP sells 20,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Delek US Holdings, Inc. (DK) reported that Mark Wayne Hobbs, EVP of Delek Logistics, sold a total of 20,000 shares of common stock on 2026-08-17 in open-market transactions under a Rule 10b5-1 trading plan. The sales occurred in two tranches at weighted average prices of $64.364 and $65.284 per share, with each price representing multiple trades within specified ranges. The filing notes that these transactions complete this 10b5-1 plan.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
2 txns
Insider
Hobbs Mark Wayne
Role
EVP, Delek Logistics
Sold
20,000 shs ($1.29M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 15,124 | $64.364 | $973K |
| Sale | Common Stock F1, F3 | 4,876 | $65.284 | $318K |
Holdings After Transaction:
Common Stock — 104,326 shares (Direct)
Footnotes (3)
- F1. This transaction was made pursuant to a 10b5-1 plan and is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). These transactions complete this plan.
- F2. This price reflects the weighted average sale price of multiple transactions ranging from a low sale price of $63.750 per share to a high sale price of $64.740 per share. Upon the written request of the SEC, the Issuer or a security holder of the Issuer, the reporting person agrees to provide the number of shares sold at each sale price.
- F3. This price reflects the weighted average sale price of multiple transactions ranging from a low sale price of $64.790 per share to a high sale price of $65.530 per share. Upon the written request of the SEC, the Issuer or a security holder of the Issuer, the reporting person agrees to provide the number of shares sold at each sale price.
Key Figures
Total Shares Sold: 20,000 shares
First Tranche Shares: 15,124 shares
First Tranche Weighted Average Price: $64.364 per share
+2 more
5 metrics
Total Shares Sold
20,000 shares
Aggregate DK common stock sold by Mark Wayne Hobbs on 2026-08-17
First Tranche Shares
15,124 shares
First sale of DK common stock on 2026-08-17
First Tranche Weighted Average Price
$64.364 per share
Weighted average sale price; trades ranged from $63.750 to $64.740
Second Tranche Shares
4,876 shares
Second sale of DK common stock on 2026-08-17
Second Tranche Weighted Average Price
$65.284 per share
Weighted average sale price; trades ranged from $64.790 to $65.530
Key Terms
Rule 10b5-1, affirmative defense, weighted average sale price
3 terms
Rule 10b5-1 regulatory
"This transaction was made pursuant to a 10b5-1 plan and is intended"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
affirmative defense regulatory
"intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)"
weighted average sale price financial
"This price reflects the weighted average sale price of multiple transactions"
FAQ
What insider transaction did Delek US Holdings (DK) report for Mark Wayne Hobbs?
Delek US Holdings reported that EVP Mark Wayne Hobbs sold 20,000 shares of DK common stock on 2026-08-17. The sales were open-market transactions executed under a pre-arranged Rule 10b5-1 trading plan that is now completed.
Were the recent DK insider sales by Mark Wayne Hobbs under a Rule 10b5-1 plan?
Yes. The filing states the sales were made pursuant to a Rule 10b5-1 trading plan intended to satisfy Rule 10b5-1(c) affirmative defense conditions. It also specifies that these transactions complete this plan.
What is the role of Mark Wayne Hobbs at Delek US Holdings (DK)?
Mark Wayne Hobbs is reported as EVP, Delek Logistics, an officer position associated with Delek US Holdings. His Form 4 filing covers personal transactions in DK common stock executed in that capacity as a reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.