DK Delek US Holdings, Inc.

NEUTRAL Impact: 3/10 Insider Cluster (2 insiders)
Horizon days Filed May 21, 2026 Processed 25d 7h ago
Insider cluster: 2 insiders, $732K total
Latest settled — T+5d
DK ▲ +5.72% at T+5d
NEUTRAL call ✓ call won +5.72% · α vs SPY +3.88% · entry $42.10 → $44.51
Next anchor: T+20d in 3d
Last close $47.22 (close Jun 12) · +12.16% from $42.10 entry
Entry anchored
May 20, 2026
via day open
T+1d
+3.75%
call +3.75% · α +3.31%
$43.68
settled 25d ago
T+5d
+5.72%
call +5.72% · α +3.88%
$44.51
settled 18d ago
T+20d
call — · α —
in 3d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

Two insiders at Delek US Holdings sold a combined $732K in open-market sales within a week of the company closing a material debt refinancing. The sales are modest relative to the $2.8B market cap (0.026%) and follow a routine pattern — the EVP sale occurred the day after the refinancing was announced, and the director sale five days later. Per the cross-filing actuarial verdicts, the combination of insider trades + agreement context is an AMPLIFIER, but the absolute dollar amount is too small to warrant a bearish read.

Key Financial Metrics

Direction
selling
Total Value
$732.0K
Insiders
2

Actionable Insight

The insider sales are too small to signal a bearish view — they are likely routine portfolio diversification following a positive credit event (refinancing). Monitor the next 10-Q for any fundamental deterioration in refining margins, but this cluster alone does not warrant action.

Key Facts

  • Total insider sales of $732K represent 0.026% of DK's $2.8B market cap — well below the 0.1% materiality threshold
  • EVP Robert G. Wright sold $505K on May 13, the day after the May 12 refinancing announcement
  • Director Laurie Z. Tolson sold $228K on May 18, five days after the refinancing
  • The refinancing reduced term loans to $850M, extended maturity to 2032, and lowered the interest rate to SOFR + 300 bps
  • No insider purchases in the cluster — all activity is selling

Financial Impact

Total insider sales of $732K, or 0.026% of market cap — trivial relative to company size

insider holdings

Risk Factors

  • Refining margins are cyclical and could compress, but this insider activity does not predict that
  • The EVP sale timing near the refinancing could be interpreted as informed selling, but the dollar amount is immaterial

Market Snapshot

Exchange
NYSE
Sector
Petroleum Refining
Analyst Consensus
55% bullish (22 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-DK-1779325337010
18 reports for DK
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+20▲ +25.98%Feb 27, 2026
Filters
Rows
Reports for DK — sortable, filterable
Type Now
Jun 5, 2026
9d ago
144
NEUTRAL ★ 3/10
$48.23 awaiting T+1awaiting T+1$47.22 (−2.09%)
Jun 3, 2026
11d ago
144
NEUTRAL ★ 2/10
$47.18 $47.67▲ +1.04%▲ +0.64%$47.22 (+0.08%)
Jun 1, 2026
13d ago
144
NEUTRAL ★ 2/10
$45.96 $46.40▲ +0.96%▲ +0.81%$47.22 (+2.74%)
May 29, 2026
16d ago
144
NEUTRAL ★ 2/10
$44.51 $45.96▲ +3.26%▲ +2.98%$47.22 (+6.09%)
May 28, 2026
17d ago
144
NEUTRAL ★ 2/10
$44.39 $44.51▲ +0.27%▲ +0.03%$47.22 (+6.38%)
May 21, 2026
25d ago
Insider Cluster
NEUTRAL ★ 3/10
$42.10 $43.68▲ +3.75%▲ +3.31%$47.22 (+12.16%)
May 18, 2026
27d ago
144
NEUTRAL ★ 2/10
$45.41 $45.54▲ +0.29%▲ +0.94%$47.22 (+3.99%)
May 15, 2026
4w ago
8-K
NEUTRAL ★ 5/10
$45.41 $45.54▲ +0.29%▲ +0.94%$47.22 (+3.99%)
Apr 22, 2026
7w ago
8-K
NEUTRAL ★ 3/10
$39.21 $39.82▲ +1.54%▲ +1.94%$47.22 (+20.42%)
Apr 10, 2026
9w ago
8-K
NEUTRAL ★ 5/10
$40.87 $39.35▼ −3.71%▼ −4.92%$47.22 (+15.55%)
Showing 10 of 18

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