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: Borgmann Louis Todd (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-24	Restricted Stock Units	$	A	67882	Acquired		Common Stock, par value $0.01 per share (67882)	Direct
2026-02-24	Restricted Stock Unit	$	A	64102	Acquired		Common Stock, par value $0.01 per share (64102)	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: Reflects 2025 performance-based restricted stock units, for which performance was certified by the Company's Board of Directors on the transaction date. These Restricted Stock Units remain subject to service based vesting requirements through February 25, 2028.

F3: These Restricted Stock Units vest on February 24, 2029.