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Delek Logistics (NYSE: DKL) reports unit disposals in $10.0M buyback, $19.0M tank deal

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Delek US Holdings and its subsidiaries reported two dispositions of Delek Logistics Partners common units back to the issuer. On March 17, 2025, Delek Logistics repurchased 243,075 common units from Delek US for $10.0 million, and those units were cancelled and retired. On April 1, 2026, Delek Logistics bought a Tyler refinery tank from Delek US for $19.0 million, with Delek US paying the purchase price using 359,372 common units that Delek Logistics placed into treasury. After these transactions, Delek US Energy, Inc. directly owns 23,045,868 common units and Delek Logistics Services Company directly owns 10,462,963 common units, which Delek US may be deemed to beneficially own through its ownership of these subsidiaries.

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Insider Delek US Holdings, Inc., Delek US Energy, Inc., Delek Logistics Services Co
Role null | null | null
Type Security Shares Price Value
Disposition Common Units 359,372 $0.00 --
Disposition Common Units 243,075 $0.00 --
Holdings After Transaction: Common Units — 33,508,831 shares (Indirect, See footnotes)
Footnotes (1)
  1. As previously disclosed in the Delek Logistics Partners, LP ("Delek Logistics") Annual Report on Form 10-K filed on February 27, 2026, on March 17, 2025, Delek Logistics repurchased 243,075 Common Units from Delek US Holdings, Inc. ("Delek US") for $10.0 million, and such Common Units were subsequently cancelled and retired by Delek Logistics. This Form 4 is being filed jointly by Delek US, Delek US Energy, Inc. ("Delek Energy"), and Delek Logistics Services Company ("DLSC"). After giving effect to the transactions reported herein, Delek Energy owns 23,045,868 Common Units directly and DLSC owns 10,462,963 Common Units directly. Delek US directly owns 100% of the outstanding ownership interests of Delek Energy, and Delek Energy owns 100% of the outstanding ownership interests of DLSC. Delek US may therefore be deemed to beneficially own the securities of the Issuer owned directly by Delek Energy and DLSC. As previously disclosed in the Delek Logistics Annual Report on Form 10-K filed on February 27, 2026, Delek Logistics had agreed to sell a Tyler refinery tank to Delek US on April 1, 2026, for $19.0 million. Delek US paid the purchase price with 359,372 Common Units, which were subsequently placed into treasury by Delek Logistics.
Repurchased units 243,075 common units Repurchase from Delek US for $10.0 million on March 17, 2025
Repurchase value $10.0 million Cash paid by Delek Logistics for 243,075 units
Units used as consideration 359,372 common units Paid by Delek US for Tyler refinery tank on April 1, 2026
Tank purchase price $19.0 million Tyler refinery tank sold by Delek Logistics to Delek US
Units after transaction 33,508,831 common units Total units shown as owned following the April 1, 2026 disposition
Delek Energy holdings 23,045,868 common units Directly owned by Delek US Energy, Inc. after reported transactions
DLSC holdings 10,462,963 common units Directly owned by Delek Logistics Services Company after transactions
Common Units financial
"Delek Logistics repurchased 243,075 Common Units from Delek US Holdings, Inc."
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
treasury financial
"Delek US paid the purchase price with 359,372 Common Units, which were subsequently placed into treasury"
The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.
beneficially own financial
"Delek US may therefore be deemed to beneficially own the securities of the Issuer"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Annual Report on Form 10-K regulatory
"As previously disclosed in the Delek Logistics Partners, LP Annual Report on Form 10-K"
An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.
SEC Form 4
FORM 4UNITED 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).
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*
Delek US Holdings, Inc.

(Last)(First)(Middle)
310 SEVEN SPRINGS WAY

(Street)
BRENTWOOD TENNESSEE 37027

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Delek Logistics Partners, LP [ DKL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/17/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Units03/17/2025D(1)243,075D(1)33,868,203I(2)See footnotes
Common Units04/01/2026D(3)359,372D(3)33,508,831I(2)See footnotes
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
Delek US Holdings, Inc.

(Last)(First)(Middle)
310 SEVEN SPRINGS WAY

(Street)
BRENTWOOD TENNESSEE 37027

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Delek US Energy, Inc.

(Last)(First)(Middle)
310 SEVEN SPRINGS WAY

(Street)
BRENTWOOD TENNESSEE 37027

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Delek Logistics Services Co

(Last)(First)(Middle)
310 SEVEN SPRINGS WAY

(Street)
BRENTWOOD TENNESSEE 37207

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. As previously disclosed in the Delek Logistics Partners, LP ("Delek Logistics") Annual Report on Form 10-K filed on February 27, 2026, on March 17, 2025, Delek Logistics repurchased 243,075 Common Units from Delek US Holdings, Inc. ("Delek US") for $10.0 million, and such Common Units were subsequently cancelled and retired by Delek Logistics.
2. This Form 4 is being filed jointly by Delek US, Delek US Energy, Inc. ("Delek Energy"), and Delek Logistics Services Company ("DLSC"). After giving effect to the transactions reported herein, Delek Energy owns 23,045,868 Common Units directly and DLSC owns 10,462,963 Common Units directly. Delek US directly owns 100% of the outstanding ownership interests of Delek Energy, and Delek Energy owns 100% of the outstanding ownership interests of DLSC. Delek US may therefore be deemed to beneficially own the securities of the Issuer owned directly by Delek Energy and DLSC.
3. As previously disclosed in the Delek Logistics Annual Report on Form 10-K filed on February 27, 2026, Delek Logistics had agreed to sell a Tyler refinery tank to Delek US on April 1, 2026, for $19.0 million. Delek US paid the purchase price with 359,372 Common Units, which were subsequently placed into treasury by Delek Logistics.
Remarks:
/s/ Misty Lavender, Attorney in Fact05/21/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Delek Logistics Partners (DKL) report on this Form 4?

The Form 4 reports two dispositions of Delek Logistics Partners common units back to the issuer. One involved a 243,075-unit repurchase for $10.0 million, and the other involved 359,372 units used by Delek US to pay for a $19.0 million tank purchase.

How many Delek Logistics Partners (DKL) units were repurchased from Delek US?

Delek Logistics repurchased 243,075 common units from Delek US for $10.0 million. These repurchased units were cancelled and retired, meaning they no longer remain outstanding, which slightly reduces the total unit count compared with before the repurchase.

How were units used in the Tyler refinery tank transaction involving DKL?

Delek Logistics agreed to sell a Tyler refinery tank to Delek US for $19.0 million. Delek US paid the purchase price with 359,372 Delek Logistics common units, and those units were subsequently placed into treasury by Delek Logistics instead of remaining in public hands.

What are Delek US’s effective holdings in Delek Logistics Partners (DKL) after these transactions?

After these transactions, Delek US Energy, Inc. directly owns 23,045,868 common units, and Delek Logistics Services Company directly owns 10,462,963 units. Because Delek US owns both entities, it may be deemed to beneficially own all of these Delek Logistics units.

Were the reported DKL unit transactions open-market buys or sales?

No, the transactions were dispositions to the issuer, not open-market trades. One was a unit repurchase for cash that led to cancellation, and the other used common units as payment for a refinery tank, with those units moving into Delek Logistics’ treasury.