Louis Todd Borgmann - 04 Apr 2024 Form 4 Insider Report for Calumet Specialty Products Partners, L.P.

Role: CHIEF EXECUTIVE OFFICER
Signature: /s/ Vincent Donargo, as attorney-in-fact
Issuer symbol: N/A
Transactions as of: 04 Apr 2024
Net transactions value: $0
Form type: 4
Filing time: 08 Apr 2024, 17:06:46 UTC
Previous filing: 22 Jan 2024
Next filing: 25 Nov 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLMT	Common Unit	Options Exercise	$0	+97,279	+91%	$0.000000	203,892	04 Apr 2024	Direct
transaction	CLMT	Common Unit	Tax liability	$0	-42,479	-21%	$0.000000	161,413	04 Apr 2024	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	Phantom Unit	Options Exercise	$0	-97,279	-100%	$0.000000^*	0	04 Apr 2024	Common Unit	97,279		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 surrender 42,479 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
F2	Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
F3	Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date pursuant to the Deferred Compensation Plan. Phantom Units are 100% vested.