Israel Joseph 4

What Happened

• Israel Joseph, Executive Vice President of Delek US Holdings (DK), exercised stock options on 2026-02-27 to acquire 71,109 shares at an exercise price of $38.11 per share, a total value of $2,709,964. Simultaneously, 27,982 shares were withheld to cover taxes (disposition) valued at $1,066,394, resulting in a net receipt of 43,127 shares.
• This is an option exercise (derivative conversion). The withholding for taxes is a common administrative step and not an open-market sale.

Key Details

• Transaction date: 2026-02-27
• Exercise: 71,109 shares @ $38.11 = $2,709,964 (code M)
• Tax withholding/disposition: 27,982 shares @ $38.11 = $1,066,394 (code F)
• Net shares received: 43,127 shares (71,109 acquired minus 27,982 withheld)
• Footnote: F1 — shares were withheld to satisfy tax withholding obligations upon vesting/exercise
• Shares owned after transaction: Not specified in the provided filing excerpt
• Filing date: 2026-03-02 — appears to have been filed promptly (no late-filing flag provided)

Context

• This was an option exercise with shares withheld to cover taxes (a cashless-type mechanic) rather than an open-market sale — common for payroll/tax obligations and not necessarily a signal of insider sentiment.
• For retail investors, purchases or net acquisitions (like this net increase of 43,127 shares) are often more informative than routine tax-withholding disposals, but filings alone don’t explain the insider’s intent.