Form 4: Delek Logistics EVP Sells Shares Under 10b5-1 Plan

Delek Logistics Partners' Executive Vice President, Reuven Spiegel, sold 250 common units for $45.00 per unit under a pre-arranged 10b5-1 plan.

Summary

• Reuven Spiegel, Executive Vice President and Director of Delek Logistics Partners, LP (DKL), reported a transaction.
• The transaction involved the sale of 250 common units of DKL.
• The sale occurred on September 12, 2025, at a price of $45.00 per unit.
• This transaction was executed pursuant to a Rule 10b5-1 plan adopted on March 6, 2025.
• Following the sale, Reuven Spiegel directly beneficially owns 24,962 common units.

Sentiment

Score: 5

Explanation: The sale of common units by an executive, while executed under a pre-arranged 10b5-1 plan, is a neutral event. It does not signal a change in company fundamentals but represents an individual's portfolio management.

Negatives

• Executive Vice President Reuven Spiegel sold 250 common units, reducing his direct beneficial ownership.

Risks

• Potential for investor perception of reduced insider confidence, although mitigated by the pre-arranged 10b5-1 plan.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Reuven Spiegel, Executive Vice President and Director, sold 250 common units of the issuer.

Stakeholder Impact

• Minor reduction in insider ownership for shareholders.

Key Dates

Recommendation

The sale of 250 common units by an executive, executed under a pre-arranged 10b5-1 plan, is a routine event for personal financial management and does not indicate a change in the company's fundamental outlook or warrant a shift in investment strategy.

Keywords

Delek Logistics Partners, DKL, Form 4, Insider Trading, Reuven Spiegel, Common Units, 10b5-1 Plan, Executive Vice President, Director