Heritage Group's Form 4 filing
Calumet, Inc. (CLMT) · filed May 19, 2026
- Accession no.
- 0001193125-26-230885
- Filed
- May 19, 2026
- Trade date
- May 15, 2026
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $20.4M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Heritage GroupCIK 0001350750 | 10% Owner, Other: 13(d) 10% Group Member |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 15, 2026 | Common Stock, par value $0.01 per share | XIn-the-money exerciseAcquired | +1,020,000 | $20.00 | +$20,400,000 | 13,607,209 | Direct | |
| May 15, 2026 | Common Stock, par value $0.01 per share | SSaleDisposed | −626,998 | $32.54 | −$20,402,514.92 | 12,980,211 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 15, 2026 | Common Stock, par value $0.01 per share | XIn-the-money exerciseDisposed | −1,020,000 | –F1 | – | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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).
Referenced by the price of 1 transaction in Table II.