Raymond C. Acquires Restricted Stock Units

Raymond C. acquired 3,461 Restricted Stock Units (RSUs) of Calumet, Inc. on June 2, 2026. These RSUs are economically equivalent to Calumet, Inc. common stock. The RSUs vest on the earlier of June 2, 2027, or the date of Calumet, Inc.’s 2027 Annual Meeting, at which point they will be settled. The acquisition was made under a Form 4 filing, indicating a transaction by an insider. The reported price for these RSUs was $0.00, consistent with a grant or award rather than a market purchase. The post-transaction number of shares owned is 3,461 RSUs.