Borgmann Louis Todd 4
4 · Calumet, Inc. /DE · Filed Nov 25, 2024
Insider Transaction Report
Form 4
Borgmann Louis Todd
CHIEF EXECUTIVE OFFICER
Transactions
- Award
Common Stock, par value $0.01 per share
2024-11-22$21.78/sh+10,000$217,800→ 171,413 total - Sale
Call Option (right to buy)
2024-11-21$280.00/sh−900$252,000→ 0 totalExercise: $20.00From: 2023-11-16Exp: 2025-01-17→ Common Stock, par value $0.01 per share (90,000 underlying)
Footnotes (1)
- [F1]On November 21, 2024, the reporting person sold 900 call options, which were options to buy 90,000 shares of Calumet, Inc. common stock, at an exercise price of $20 per share and with an expiration date of January 17, 2025. The reporting person received total proceeds of $252,003 from the sale of the call options, of which $217,800 was used to fund the purchase of 10,000 shares of Calumet, Inc. common stock reported herein, and the remaining proceeds are intended to satisfy certain tax obligations that were incurred in connection with the sale of the call options.