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AI brief of an SEC Form 8-K · HF Sinclair (DINO)

HF Sinclair to buy back 2.35 million shares from REH for about $257 million

Neutral Impact 4 of 5 shareholder

HF Sinclair agreed to repurchase 2,350,000 common shares from its largest holder, REH Advisors Inc., at $109.37 per share, or about $257 million in total, with completion expected on or around November 3, 2026. The filing says the REH Parties are expected to fall below the 5%-to-15% ownership range that gives them a right to designate a Board member, which could lead to that designee offering to resign by early 2027.

Key points

  • Shares: 2,350,000 common shares at $109.37 each, about $257 million total, funded with cash on hand
  • Expected completion: on or around November 3, 2026; shares will be held as treasury stock
  • Program status: $766 million repurchased to date under the $1.5 billion program authorized August 26, 2026, leaving about $734 million
  • Board: REH Designee must offer to resign within 30 days after January 13, 2027 if REH Parties remain below the 15% designation threshold

The filing

CompanyHF Sinclair (DINO)
Form8-K, current report
Filed with the SECOct 30, 2026, 5:03 PM ET
Accession number0001628280-26-068615

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:18 PM ET, from the text of the filing and its press-release exhibits only.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.