REH Advisors Inc. Reduces Position in HF Sinclair Corp via $100M Share Repurchase Agreement

On May 18, 2026, REH Advisors Inc. entered into a Stock Purchase Agreement with HF Sinclair Corporation (DINO) to sell back 1,455,180 shares of common stock. The transaction, valued at approximately $100 million, was executed at a price of $68.72 per share. Following this repurchase, REH Advisors Inc. remains a significant shareholder, beneficially owning 11,256,662 shares, which represents approximately 6.3% of the company's outstanding common stock. The filer indicated that while they have been reducing their position through both open market sales and private transactions with the issuer, they intend to maintain a sufficient ownership level to retain their right to appoint at least one director to HF Sinclair's Board of Directors. This filing marks Amendment No. 27 to the original Schedule 13D, reflecting the ongoing divestment strategy by REH Company (formerly The Sinclair Companies) while preserving strategic influence within the issuer's corporate governance structure.