Calumet, Inc. /DE — Director's Dealing 2026

Feb 26, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Calumet, Inc. /DE (CLMT)
CIK: 0002013745
Period of Report: 2026-02-24

Reporting Person: Raymond Paul C (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-24	Restricted Stock Unit	$	A	854	Acquired		Common Stock, par value $0.01 per share (854)	Direct
2026-02-24	Restricted Stock Units	$	A	284	Acquired		Common Stock, par value $0.01 per share (284)	Direct

Footnotes

F1: Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share.

F2: Each Restricted Stock Unit will become settled upon the earlier of the date specified by the reporting person or the reporting person's termination date. Restricted Stock Units are 100% vested.

F3: Each Restricted Stock Unit will be settled upon the earlier of the date specified by the reporting person or the reporting person's termination date pursuant to the Deferred Compensation Plan. 25% of the Restricted Stock Units vest on July 1 of each year beginning on July 1, 2027.