May 15, 2026 · Form 4 insider transaction
Heritage Group sold 626,998 shares of Calumet, Inc. at $32.54 per share, a transaction worth $20.40M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 4 days after the transaction.
The reported transactions represent the cashless exercise and net settlement of warrants received in connection with the previously reported conversion of the Issuer to a corporation (resulting in the Issuer withholding 626,998 shares of Common Stock, par value $0.01 per share ("Common Stock") to pay the exercise price and issuing to the reporting person the remaining 393,002 shares of Common Stock).