Jennifer Straumins - 03 Dec 2024 Form 4 Insider Report for Calumet, Inc. /DE (CLMT)

Role
Director
Signature
/s/ Vincent Donargo, as attorney-in-fact
Issuer symbol
CLMT
Transactions as of
03 Dec 2024
Net transactions value
-$1,623,750
Form type
4
Filing time
05 Dec 2024, 16:26:05 UTC
Previous filing
14 Nov 2024
Next filing
20 Dec 2024

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 Sale $1,623,750 -75,000 -5.8% $21.65 1,213,529 03 Dec 2024 Direct F1
transaction CLMT Common Stock, par value $0.01 per share Options Exercise $0 +8,921 +0.74% $0.000000 1,222,450 04 Dec 2024 Direct

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 -8,921 -100% $0.000000 0 04 Dec 2024 Common Stock, par value $0.01 per share 8,921 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 10, 2024, in connection with the corporate reorganization of Calumet Specialty Products Partners, L.P. (the "Partnership"), pursuant to which the Partnership converted from a master limited partnership to a corporation (the "Conversion"), Calumet Merger Sub I LLC merged with and into Calumet GP, LLC, the general partner (the "General Partner") of the Partnership, with the General Partner continuing as the surviving entity and a wholly owned subsidiary of Calumet, Inc. (the "GP Merger"). In connection with the GP Merger, the reporting person was issued 825,000 shares of Calumet, Inc. common stock, par value $0.01 per share ("Common Stock"), and 300,000 warrants to purchase Common Stock. The reporting person sold the 75,000 shares of Common Stock reported herein to offset a portion of her tax obligations that were incurred as a result of the Conversion transaction.
F2 Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share.
F3 100% of the Restricted Stock Units vested on November 3, 2024.