This insider selling cluster is too small relative to market cap to warrant a bearish read-through. Monitor for any larger insider sales (>0.5% of market cap) or a cluster of C-suite executives selling simultaneously, which would be more informative. The next quarterly earnings release will be the primary catalyst for the stock.
Price Chart
Executive Summary
Two Delek US Holdings insiders sold a combined $970K in open-market sales over a one-week window, including an EVP and a director. The total value is ~0.02% of the $4.6B market cap, well below the 0.1% materiality threshold, making this a routine liquidity-driven cluster with no informational signal. The sales are not clustered around any disclosed material event, and the insider selling pattern is consistent with diversification or tax planning rather than a bearish view on the company's refining operations.
Key Financial Metrics
Key Facts
- Two insiders sold a combined $970K in open-market sales from 2026-09-01 to 2026-09-04
- EVP Reuven Spiegel sold 7,000 shares at $73.20 ($512K) and Director Vicky Sutil sold 6,397 shares at $71.50 ($457K)
- Total sales represent ~0.02% of Delek's $4.6B market cap — trivial and routine
- No insider purchases were made during the cluster window
- The cluster is not associated with any recent earnings, restructuring, or other material corporate event
Financial Impact
Insider sales of $970K represent 0.02% of market cap — immaterial
Risk Factors
- Insider selling could accelerate if refining margins deteriorate
- No insider buying to signal confidence in the stock
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DK-1789002070382 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | Insider Cluster | $79.16 $72.26 | ▼ −8.72% | ▼ −10.54% | $74.19 (−6.28%) |
Sep 10, 2026 22d ago | Insider Cluster | $74.89 $81.55 | ▲ +8.89% | ▲ +9.39% | $74.19 (−0.93%) |
Sep 4, 2026 28d ago | 144 | $71.86 $74.47 | ▲ +3.63% | ▲ +4.84% | $74.19 (+3.24%) |
Sep 1, 2026 4w ago | 144 | $73.34 $75.28 | ▲ +2.65% | ▲ +2.56% | $74.19 (+1.16%) |
Aug 28, 2026 5w ago | 144 | $72.25 $71.86 | ▼ −0.54% | ▼ −0.65% | $74.19 (+2.69%) |
Aug 27, 2026 5w ago | Insider Cluster | $70.26 $72.40 | ▲ +3.05% | ▲ +2.78% | $74.19 (+5.59%) |
Aug 26, 2026 5w ago | Insider Cluster | $70.84 $71.45 | ▲ +0.86% | ▲ +0.98% | $74.19 (+4.73%) |
Aug 26, 2026 5w ago | Insider Cluster | $70.84 $71.45 | ▲ +0.86% | ▲ +0.98% | $74.19 (+4.73%) |
Aug 24, 2026 5w ago | 144 | $68.08 $74.34 | ▲ +9.20% | ▲ +8.73% | $74.19 (+8.97%) |
Aug 21, 2026 6w ago | 144 | $71.47 $72.25 | ▲ +1.09% | ▲ +0.62% | $74.19 (+3.81%) |
US Market Status
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