Delek US Energy, Inc. 4

What Happened

• Delek US Holdings, Inc. (a 10% owner of Delek Logistics Partners, LP — ticker DKL) disposed of a total of 602,447 common units in two issuer transactions. On March 17, 2025, Delek Logistics repurchased 243,075 units from Delek US for $10.0 million (those units were cancelled/retired). On April 1, 2026, Delek US transferred 359,372 units to Delek Logistics as partial payment for a Tyler refinery tank valued at $19.0 million (those units were placed into treasury). Combined consideration is about $29.0 million. The Form 4 reports these dispositions (code D — disposition to issuer).

Key Details

• Transaction dates and consideration:
  • 2025-03-17 — 243,075 units repurchased for $10.0M (~$41.15/unit); units cancelled/retired. (Footnote F1)
  • 2026-04-01 — 359,372 units issued to Delek Logistics as payment for a refinery tank valued at $19.0M (~$52.89/unit); units placed into treasury. (Footnote F3)
• Shares owned after transactions (per filing footnote F2):
  • Delek Energy directly: 23,045,868 units
  • Delek Logistics Services Company (DLSC) directly: 10,462,963 units
  • Delek US may be deemed to beneficially own those holdings (total beneficial = 33,508,831 units)
• Filing/Timing:
  • Form 4 filed on 2026-05-22 reporting the above transactions (the March 2025 repurchase was disclosed earlier in the issuer’s 2025 Form 10‑K; this Form 4 consolidates reporting). The Form 4 was filed well after the March 17, 2025 repurchase and roughly seven weeks after the April 1, 2026 transfer; Form 4s are normally required within days of the transaction.
• Filers: This Form 4 is filed jointly by Delek US, Delek Energy, and DLSC (Footnote F2).

Context

• These are institutional/affiliate dispositions (Delek US is a 10% owner), not routine insider sales by an individual executive. The March 2025 repurchase reduced outstanding units (cancelled/retired); the April 2026 transfer was an asset-for-units payment and resulted in units being placed in treasury.
• Dispositions to the issuer (repurchases or transfers for assets) are corporate/structural transactions and don’t necessarily reflect managerial sentiment about the business in the same way a personal open-market sale might.