Wright Robert G. 4

What Happened
Robert G. Wright, Executive Vice President of Delek US Holdings (DK), exercised options on 2026-02-27 to acquire 35,550 shares at $38.11 per share (total value $1,354,811). To satisfy tax withholding, 14,110 of those shares were withheld (disposed) at the same $38.11 price, equal to $537,732. Net shares delivered to Wright: 21,440 shares, worth about $817,078 at the exercise price.

Key Details

• Transaction date: 2026-02-27; Form 4 filed 2026-03-02 (appears timely).
• Exercise price / reported price: $38.11 per share.
• Gross shares from exercise: 35,550 (value $1,354,811).
• Shares withheld for taxes (F): 14,110 (value $537,732) — footnote F1 confirms withholding for tax purposes.
• Net shares retained: 21,440 (approx. $817,078 at $38.11).
• Shares owned after the transaction: not disclosed in this filing.

Context
This was an option exercise (transaction code M) with a routine tax withholding (code F). The withheld shares were used to cover tax liabilities rather than sold on the open market; such withholding is a common administrative step and should not be read as an open-market sale or strong signal about insider sentiment.