Form 4: REH Co Transfers 16 Million Shares of HF Sinclair Corp (DINO) in Internal Reorganization

REH Co, a director of HF Sinclair Corp, distributed 16,057,699 shares of DINO common stock to REH Advisors Inc. as part of an internal reorganization, ceasing to beneficially own any securities of the issuer.

Summary

• REH Co, a director of HF Sinclair Corp (DINO), filed a Form 4 indicating changes in beneficial ownership.
• On June 14, 2024, REH Co completed an internal reorganization.
• As part of the reorganization, a wholly-owned subsidiary of REH Advisors Inc. merged with REH Co, with REH Co surviving as a wholly-owned subsidiary of REH Advisors Inc.
• REH Co distributed 16,057,699 shares of HF Sinclair Corp common stock to REH Advisors Inc.
• As a result of this transaction, REH Co no longer beneficially owns any securities of HF Sinclair Corp.
• The internal reorganization did not involve any purchase or sale of securities.
• A separate Form 3 will be filed by REH Advisors Inc.
• Carol Orme Holding's beneficial ownership and pecuniary interest in the securities reported has not changed.
• Ross B. Matthews, REH Company's representative on the Issuer's board of directors, and therefore, the Reporting Person, Advisor (as a result of its relationship with the Reporting Person) and Mrs. Holding (as a result of her relationship with the Reporting Person) each constitutes a 'director by deputization' of the Issuer.

Sentiment

Score: 7

Explanation: The document describes a neutral event (internal reorganization). There is no indication of positive or negative impact on the company's financials or operations.

Positives

• The internal reorganization simplifies the ownership structure of REH Co.

Industry Context

Changes in beneficial ownership are common and can be due to various reasons, including internal restructuring, estate planning, or changes in investment strategy. This transaction appears to be an internal reorganization within the REH Co structure.

Stakeholder Impact

• The transaction has no immediate impact on HF Sinclair Corp's stakeholders as it is an internal reorganization within a major shareholder's structure.

Next Steps

• REH Advisors Inc. will file a separate Form 3.

Key Dates