Raymond Paul C's Restricted Stock Units Acquisition in Calumet, Inc.

On August 5, 2025, Raymond Paul C, a director of Calumet, Inc., acquired Restricted Stock Units (RSUs) equivalent to shares of the company's common stock. The acquisition included 1,611 RSUs that are fully vested and will be settled upon the earlier of a specified date or the reporting person's termination date. Additionally, 537 RSUs were acquired, which will vest 25% annually starting July 1, 2026, and will be settled under the same conditions. The RSUs are the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share. The transactions were reported under Form 4, indicating a change in beneficial ownership.