Stephen P. Mawer - Jan 17, 2025 Form 4 Insider Report for Calumet, Inc. /DE (CLMT)

Role: Director
Signature: /s/ Vincent Donargo, as attorney-in-fact
Stock symbol: CLMT
Transactions as of: Jan 17, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/21/2025, 05:46 PM
Previous filing: Nov 12, 2024
Next filing: Feb 27, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLMT	Common Stock, par value $0.01 per share	Options Exercise	$0	+46.6K	+26.98%	$0.00	219K	Jan 17, 2025	Direct
transaction	CLMT	Common Stock, par value $0.01 per share	Sale	$0	-18.6K	-8.5%	$0.00	201K	Jan 17, 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CLMT	Restricted Stock Unit	Options Exercise	$0	-46.6K	-100%	$0.00	0	Jan 17, 2025	Common Stock, par value $0.01 per share	46.6K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person elected to receive 40% of all Restricted Stock Units vesting in the year ending December 31, 2024 to be settled in the cash equivalent of a Calumet, Inc. common share.
F2	Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share.
F3	Each Restricted Stock Unit becomes payable either in the form of one share of Calumet, Inc. common stock, par value $0.01 per share, or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date. Restricted Stock Units are 100% vested.