Sajkowski Daniel J 4

What Happened

• Daniel J. Sajkowski, a director of Calumet, Inc. (CLMT), received 7,067 shares upon conversion of restricted stock units (RSUs). The RSUs converted at a $0.00 exercise price (no cash paid). To cover tax withholding, he surrendered 2,827 of those shares, leaving a net increase of 4,240 shares to his holdings. The transactions were reported on a Form 4 filed July 13, 2026.

Key Details

• Transaction date: July 9, 2026; Form 4 filed July 13, 2026 (filed within the SEC two-business-day window).
• Transaction types/codes: M = conversion/exercise of derivative (7,067 shares acquired); F = shares surrendered for tax withholding (2,827 shares disposed).
• Prices reported: $0.00 per share (RSU conversion — no cash exercise price).
• Net shares received: 7,067 acquired − 2,827 surrendered = 4,240 net shares added.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 confirms 2,827 shares were surrendered to satisfy tax withholding under Rule 16b-3; F2 clarifies each RSU equals one share; F3 notes 100% of the RSUs vested on June 2, 2026.

Context

• This was not an open-market buy or sale: it reflects RSU vesting and conversion into stock, with a portion surrendered to cover taxes (a routine, non-dispositive tax withholding). For retail investors, such awards indicate equity compensation realization by an insider but are not a direct bullish purchase signal.