Stephen P. Mawer's Restricted Stock Units in Calumet, Inc.

On August 5, 2025, Stephen P. Mawer, a director of Calumet, Inc., acquired Restricted Stock Units (RSUs) equivalent to shares of the company's common stock. The RSUs are fully vested and will be settled upon the earlier of a specified date or Mawer's termination date. Mawer acquired 2,216 RSUs under one plan and 738 RSUs under another, with the latter set to vest in 25% increments annually starting July 1, 2026. The RSUs represent the economic equivalent of Calumet's common stock, par value $0.01 per share. This filing highlights Mawer's increased equity stake in Calumet, Inc., reflecting his ongoing involvement with the company.