Delek Logistics (DKL) Form 4: 500-unit sale under 10b5-1 plan; late filing noted

Rhea-AI Filing Summary

Filing type: Form 4 filed for Delek Logistics Partners, LP (DKL).

Key facts:

• Reporting person: Spiegel Reuven (Director; Executive Vice President, DKL).
• Transaction date: 07/29/2025; sale of 500 common units at $45.00 per unit pursuant to a 10b5-1 plan adopted 03/06/2025.
• Securities beneficially owned following the transaction: 26,434 common units (direct).
• Form signed 07/30/2025 by Misty Lavender, Attorney in Fact, and notes the filing was late due to an inadvertent administrative error.

Positive

• Sale executed under a 10b5-1 plan adopted 03/06/2025, indicating a pre-planned disposition intended to satisfy Rule 10b5-1(c).
• Post-transaction beneficial ownership disclosed: 26,434 common units (direct).
• Transaction details provided including date (07/29/2025), quantity (500 units), and price ($45.00 per unit).

Negative

• Form 4 was filed late and the filing states this was due to an "inadvertent administrative error."
• Insider sale of 500 units was reported (may be of interest to investors though not explicitly identified as material).

Insights

Financial Analyst

TL;DR: Insider sold a small block under a pre-established 10b5-1 plan; filing lateness noted but no other material change disclosed.

The reported sale of 500 units at $45 under a 10b5-1 plan indicates a pre-planned disposition rather than opportunistic trading. The post-sale direct ownership of 26,434 units is disclosed. The filing states it was submitted late because of an administrative error; the report does not provide additional financial metrics or changes to compensation or control. For investors, this appears routine and not clearly material to DKL's operations or capital structure.

Corporate Governance Expert

TL;DR: Governance note: officer/director sale executed via a documented 10b5-1 plan; late filing is a compliance lapse to monitor.

The disclosure confirms the sale was executed pursuant to a 10b5-1(c) plan adopted on 03/06/2025, which provides affirmative-defense intent. However, the filer's admission of a late filing for an insider transaction is a compliance control issue. No indication of additional governance actions, resignations, or related-party transactions is present. Recommend confirming whether this is an isolated administrative error or part of a broader reporting deficiency.

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
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

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 Logistics Partners, LP [ DKL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President, DKL

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

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 Units	07/29/2025(1)		S(2)		500	D	$45	26,434	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. This Form 4 is being filed late due to an inadvertent administrative error.

2. This transaction for the sale of 500 units at a price of $45.00 per unit was made pursuant to a 10b5-1 plan adopted on March 6, 2025, and is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Remarks:

	/s/ Misty Lavender, Attorney in Fact	07/30/2025
	** 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 the DKL insider report on the Form 4?

The Form 4 reports a sale of 500 common units on 07/29/2025 at $45.00 per unit.

Was the sale by the DKL insider part of a trading plan?

Yes. The sale was made pursuant to a 10b5-1 plan adopted on 03/06/2025 and is intended to satisfy Rule 10b5-1(c) affirmative-defense conditions.

How many DKL units does the reporting person own after the transaction?

The reporting person beneficially owns 26,434 common units following the reported transaction.

When was the Form 4 signed and was it filed on time?

The Form 4 was signed on 07/30/2025 and the filing notes it was filed late due to an inadvertent administrative error.

What is the relationship of the reporting person to DKL?

The reporting person, Spiegel Reuven, is reported as both a Director and Executive Vice President of DKL.