Reuven Spiegel, Executive Vice President - Special Projects at Delek US Holdings (NASDAQ: DK), disclosed a sale of 20,000 shares of the company’s common stock on March 4, 2026, in a Form 4 filing with the Securities and Exchange Commission.
The shares were sold at a weighted average price of $42.84, producing gross proceeds of $856,800. Reported trade prices for the block ranged between $42.80 and $42.98. At the time of the filing, the broader market quote showed Delek US shares trading at $42.29, a level close to the stock’s 52-week high of $45.74 and following an approximate 209% rise over the prior 12 months.
After completing the sale, Spiegel is reported to directly own 48,530 shares of Delek US Holdings.
Market and data context
Third-party data from InvestingPro included in the filing’s surrounding commentary highlights that the stock has produced a 43.5% gain year-to-date, even as the firm remains unprofitable on a GAAP basis with a negative EPS of $0.34. InvestingPro’s Fair Value analysis is cited as indicating the stock may be overvalued at current market levels. The same service is noted as offering a Pro Research Report and an accompanying set of 16 ProTips for investors seeking deeper analysis of DK.
Recent operating results
Delek US’s reported results for the fourth quarter of 2025 showed an adjusted earnings per share of $2.31, substantially above the analyst consensus of -$0.07. The company’s adjusted EPS beat is characterized as a 3,400% positive surprise relative to that forecast. On the revenue side, the firm reported $2.43 billion for the quarter, coming in below the consensus estimate of $2.55 billion, a shortfall of approximately 4.71%.
The juxtaposition of a sizable adjusted EPS beat and a revenue miss is highlighted as a notable feature of the company’s recent financial performance.
What the filing shows
The Form 4 provides the concrete details of the insider disposition: the number of shares sold (20,000), the weighted average sale price ($42.84), the total transaction value ($856,800), and the post-sale direct ownership stake (48,530 shares). The reported sale prices in the block ranged from $42.80 to $42.98.
Beyond those specifics, the filing and accompanying data present a mixed picture: strong recent market returns and a dramatic adjusted EPS beat in the latest quarter contrasted with negative GAAP EPS and a revenue shortfall versus expectations. Investors seeking fuller valuation context are pointed to the InvestingPro Fair Value assessment and available research materials referenced in the filing’s data notes.