Calumet, Inc. /de
A U.S. maker of specialty hydrocarbon products, Calumet refines crude oil into thousands of items — from lubricant base oils and solvents to the waxes in lip balm — and sells consumer brands like Royal Purple and TruFuel. It began in 1919 in Burnham, Illinois, making just two things: medicinal white oils and packaged lubricants. Its name comes from the French word for the Native American ceremonial peace pipe, and the Calumet region of Illinois and Indiana where it got its start.
MLP Common Units
Item 4 of the 2024 Schedule 13D is hereby amended to incorporate the following at the end thereof: As previously reported and in connection with the July 2024 restructuring, the Reporting Person received warrants to acquire 1,020,000 shares of Common Stock at an exercise price of $20.00 per share (the "Heritage Warrants"). On May 15, 2026, the Reporting Person exercised the Heritage Warrants in full, receiving 393,002 shares of Common Stock in net settlement thereof resulting in a decrease in beneficial ownership of 626,998 shares of Common Stock. On June 5, 2026, the General Partner Trustees approved a gift of 540,000 shares of Common Stock (the "Gift") directly held by the Reporting Person.
| Holder | Schedule | % of class | Shares | Filed |
|---|---|---|---|---|
| Two Seas Capital LP | 13G/APassive | 7.5% | 6.62M | Aug 14, 2026 |
| Two Seas Capital GP LLC | 13G/APassive | 7.5% | 6.62M | Aug 14, 2026 |
| Sina Toussi | 13G/APassive | 7.5% | 6.62M | Aug 14, 2026 |
| Wasserstein Management L.P. | 13G/APassive | 4.6% | 3.96M | Aug 14, 2026 |
| WDO Management GP, LLC | 13G/APassive | 4.6% | 3.96M | Aug 14, 2026 |
| Rajay Bagaria | 13G/APassive | 4.6% | 3.98M | Aug 14, 2026 |
| Joseph Dutton | 13G/APassive | 4.6% | 3.97M | Aug 14, 2026 |
| Wasserstein Master, LP | 13G/APassive | 2.85% | 2.46M | Aug 14, 2026 |
| Wasserstein Genpar, LLC | 13G/APassive | 2.85% | 2.46M | Aug 14, 2026 |
| The Heritage Group | 13D/AActivist | 16.56% | 14.52M | Jun 5, 2026 |
Item 4 of the 2024 Schedule 13D is hereby amended to incorporate the following at the end thereof: As previously reported and in connection with the July 2024 restructuring, the Reporting Person received warrants to acquire 1,020,000 shares of Common Stock at an exercise price of $20.00 per share (the "Heritage Warrants"). On May 15, 2026, the Reporting Person exercised the Heritage Warrants in full, receiving 393,002 shares of Common Stock in net settlement thereof resulting in a decrease in beneficial ownership of 626,998 shares of Common Stock. On June 5, 2026, the General Partner Trustees approved a gift of 540,000 shares of Common Stock (the "Gift") directly held by the Reporting Person. | ||||