Boss John G. 4

What Happened

• John G. Boss, a director of Calumet, Inc. (CLMT), had 7,067 restricted stock units (RSUs) converted into common shares on July 9, 2026. The Form 4 shows the RSU conversion (reported as derivative exercise/conversion) at $0.00 per share. To satisfy tax withholding, 2,827 shares were surrendered, leaving a net of 4,240 shares issued to him. No cash purchase was made — this was a settlement of vested RSUs.

Key Details

• Transaction date: July 9, 2026. Form 4 filed July 13, 2026 (four days after the transaction).
• Reported prices/value: $0.00 per share on the Form 4 (reflects conversion/settlement of RSUs, not a market purchase/sale).
• Shares converted: 7,067 RSUs → 7,067 shares; shares surrendered for tax withholding: 2,827; net shares received: 4,240.
• Footnotes: F1 — 2,827 shares were surrendered to satisfy tax withholding under Rule 16b-3. F2 — each RSU equals one share. F3 — 100% of the RSUs vested on June 2, 2026.
• Timeliness: The filing was submitted four days after the transaction; Form 4s are generally due within two business days, so this filing appears later than the usual window.

Context

• This was a routine settlement of vested restricted stock units (an award vesting), not an open-market purchase or sale. Such conversions are common for executives and directors receiving equity compensation and do not necessarily signal a buy or sell decision in the market.