Form 4: HF Sinclair VP Sells Shares Under 10b5-1 Plan
Insider Transaction Report
HF Sinclair's VP, CAO, and Controller, Vivek Garg, sold 314 shares of common stock for $53.28 per share under a pre-arranged 10b5-1 trading plan.
Summary
- Vivek Garg, HF Sinclair Corp's VP, CAO, and Controller, reported a sale of common stock.
- The transaction involved the disposition of 314 shares of HF Sinclair common stock.
- The shares were sold at a price of $53.28 per share.
- The sale occurred on November 5, 2025.
- Following this transaction, Vivek Garg beneficially owns 3,609 shares of common stock directly.
- The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine insider sale executed under a pre-arranged 10b5-1 plan, which typically does not reflect a change in management's immediate outlook on the company.
Positives
- The transaction was executed under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not based on immediate insider information.
Negatives
- An insider, Vivek Garg, sold 314 shares of common stock, reducing their direct beneficial ownership.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance.
Industry Context
This is a routine insider transaction and does not provide specific insights into broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Vivek Garg granted a Power of Attorney to Atanas H. Atanasov, Stacey L. Foland, Harrison Morris, and Rita Townsend to handle SEC filings (Forms ID, 3, 4, 5, 13D, 13G) and manage EDGAR account administration. | 2025-06-24 | Streamlines the process for insider reporting and ensures compliance with SEC regulations by authorizing specific individuals to act on behalf of Vivek Garg for filing purposes. |
Related Party Transactions
- Vivek Garg, an officer of HF Sinclair Corp, sold 314 shares of the company's common stock.
Stakeholder Impact
- Shareholders: A minor reduction in insider ownership, though mitigated by the 10b5-1 plan indicating a pre-scheduled sale rather than a reaction to new information.
Key Dates
| Date | Description |
|---|---|
| 2025-06-24 | Date of Power of Attorney granted by Vivek Garg. |
| 2025-11-05 | Date of the reported transaction (sale of common stock). |
| 2025-11-06 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
HF Sinclair, DINO, Insider Trading, Form 4, Stock Sale, Vivek Garg, 10b5-1 Plan, Common Stock
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