Spiegel Reuven 4

What Happened Reuven Spiegel, Executive Vice President and a director of Delek Logistics Partners, LP (DKL), sold 250 common units/shares on February 4, 2026. The shares were disposed at $52.38 per share for a total transaction value of $13,095. The filing indicates the sale was made pursuant to a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-02-04
• Transaction type: Sale (open-market or private sale) — 250 shares at $52.38 each; total proceeds $13,095
• 10b5-1 plan: Sale executed under a 10b5-1 plan adopted March 6, 2025 (footnote states this is intended to satisfy the affirmative defense of Rule 10b5-1(c))
• Shares owned after transaction: Not disclosed in the provided filing details
• Filing date: 2026-02-06 (filed two days after the transaction; appears timely under Form 4 rules)

Context Sales made under 10b5-1 plans are typically pre-arranged and can be routine, providing the insider an affirmative defense against accusations of insider trading. Sales do not necessarily indicate a change in the insider’s view of the company; retail investors should consider broader insider activity and company fundamentals before drawing conclusions.