DKL executive Reuven Spiegel sells 250 units under 10b5-1 trading plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek Logistics Partners executive Reuven Spiegel, who also serves as a director, reported selling 250 common units of DKL on February 4, 2026 at a price of $52.38 per unit. After this transaction, he beneficially owned 22,740 common units, held directly.
The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 6, 2025, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). This indicates the transaction followed a preset schedule rather than discretionary market timing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 250 shares ($13,095)
Net Sell
1 txn
Insider
Spiegel Reuven
Role
Executive Vice President, DKL
Sold
250 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Units | 250 | $52.38 | $13K |
Holdings After Transaction:
Common Units — 22,740 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did DKL executive Reuven Spiegel report?
Reuven Spiegel reported selling 250 common units of Delek Logistics Partners (DKL) at $52.38 per unit. The trade occurred on February 4, 2026, and was reported as a direct ownership transaction in the company’s common units.
How many Delek Logistics (DKL) units does Reuven Spiegel own after this Form 4?
After the reported sale, Reuven Spiegel beneficially owned 22,740 common units of Delek Logistics Partners. These units are held directly, reflecting his remaining equity stake following the 250-unit sale disclosed in the Form 4 filing.
Was the DKL insider sale by Reuven Spiegel under a 10b5-1 plan?
Yes, the sale of 250 common units at $52.38 was executed under a Rule 10b5-1 trading plan. The plan was adopted on March 6, 2025, and is intended to meet the affirmative defense conditions of Rule 10b5-1(c).
What role does Reuven Spiegel hold at Delek Logistics Partners (DKL)?
Reuven Spiegel is both a director and an officer of Delek Logistics Partners, serving as Executive Vice President of DKL. His dual role makes his equity transactions subject to reporting under Section 16 on Form 4.
What was the price of the DKL units sold in this insider transaction?
The 250 common units of Delek Logistics Partners sold by Reuven Spiegel were transacted at a price of $52.38 per unit. This price is explicitly disclosed as the sale price in the Form 4 transaction details.
Is the February 2026 DKL Form 4 sale a discretionary trade?
The filing states the 250-unit sale was made pursuant to a Rule 10b5-1 plan adopted March 6, 2025. Such plans pre-set trading parameters, indicating the sale followed a predetermined schedule rather than a purely discretionary timing choice.