Heritage Group 4

What Happened

• Heritage Group (reported as a 10% owner) made a charitable gift of 540,000 shares of Calumet, Inc. common stock on June 5, 2026. The transaction is reported as a gift (code G) with a reported price of $0.00, so no cash proceeds were received. The filing notes the donation was made to The J.E. Fehsenfeld Family Foundation, Inc., a tax‑qualified private foundation.

Key Details

• Transaction date: 2026-06-05; Transaction type: Gift (G); Shares: 540,000; Reported price: $0.00 (no proceeds).
• Recipient: The J.E. Fehsenfeld Family Foundation, Inc. (private foundation) per footnote F1.
• Shares owned after transaction: not explicitly stated in the provided report. Footnotes indicate the Reporting Person is connected to other holdings (see below).
• Important footnotes:
  • F1: Confirms charitable donation to the named foundation.
  • F2: The Reporting Person serves as Manager of The Heritage Group Investment Company, LLC which directly holds 1,200,000 shares; the Reporting Person disclaims beneficial ownership of those shares except to the extent of any pecuniary interest.
  • F3: Some reported shares are held indirectly via Lumet Investments, Inc.; the Reporting Person disclaims beneficial ownership of those shares except to the extent of any pecuniary interest.
• Filing timeliness: Reported and filed on 2026-06-05 (no late filing indicated).

Context

• Gifts are typically charitable or estate-planning moves and do not necessarily signal the insider's view on the stock—unlike purchases, they are not a direct bullish indicator.
• This filing involves a 10% owner (institutional/ownership entity), not an executive employment trade; footnotes emphasize disclaimers of beneficial ownership for parts of the reported stake.