Delek US (DK): Ion Asset files 13G, 5.05% stake (3,258,371)
Delek US Holdings (DK) received a Schedule 13G from Ion Asset Management Ltd., disclosing beneficial ownership of 3,258,371 shares of Common Stock, representing 5.05% of the class as of October 24, 2024.
Delek US Holdings (DK) received a Schedule 13G from Ion Asset Management Ltd., disclosing beneficial ownership of 3,258,371 shares of Common Stock, representing 5.05% of the class as of October 24, 2024. Ion reports sole voting and sole dispositive power over these shares and certifies the holdings were not acquired to change or influence control. The filer re-submitted the statement under the correct issuer CIK after initially filing under an incorrect CIK; the dates remain the same.
Positive
None.
Negative
None.
FAQ
What did Ion Asset Management disclose about DK in this Schedule 13G?
Ion reported beneficial ownership of 3,258,371 shares of Delek US common stock, or 5.05%, as of October 24, 2024.
Does Ion Asset Management have voting power over the DK shares?
Yes. Ion reported sole voting power over 3,258,371 shares and no shared voting power.
What dispositive power did Ion report over DK shares?
Ion reported sole dispositive power over 3,258,371 shares and no shared dispositive power.
Is this a passive or control-seeking filing for DK (Delek US)?
The certification states the securities were not acquired to change or influence control, consistent with a passive 13G.
Why was the DK 13G filing re-submitted?
Ion initially filed under an incorrect issuer CIK and then re-submitted under the correct CIK 0001694426 with original dates preserved.
What is the event date tied to Ion's DK ownership?
ION Asset Management Ltd. (the "Reporting Person"). The Reporting Person is currently re-submitting this Statement of Beneficial Ownership on Schedule 13G (this "Schedule 13G") under the correct Issuer CIK. The Reporting Person originally filed this Schedule 13G in a timely manner on October 29, 2024, but inadvertently did so under the incorrect Issuer CIK 0001351541 (Delek US Energy, INC). Now that the Reporting Person has become aware of that error, it is re-submitting the Schedule 13G (in its original form, with original dates included) under the correct Issuer CIK 0001694426 (Delek US Holdings, Inc).
(b)
Address or principal business office or, if none, residence:
The principal business address of ION Asset Management Ltd is 13th Floor, Building E, 89 Medinat Hayehudim Street, Herzliyah, Israel.
(c)
Citizenship:
ION Asset Management Ltd is organized under the laws of the Cayman Islands
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
24665A103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of October 24, 2024, the Reporting Person beneficially owns, in the aggregate, 3,258,371 shares of Common Stock
(b)
Percent of class:
5.05%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
3,258,371
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
3,258,371
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
