The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BERKSHIRE HATHAWAY INC DEL CL A 084670108 612 2 SH   DFND 1,2 2 0 0
BIGLARI HLDGS INC COM STK CL B 08986R309 3,563 31,368 SH   DFND 1 0 0 31,368
BIGLARI HLDGS INC COM STK CL B 08986R309 41,539 365,726 SH   DFND 1,2 0 0 365,726
BIGLARI HLDGS INC COM STK CL B 08986R309 82,484 726,218 SH   DFND 1,3 0 0 726,218
BIGLARI HLDGS INC COM STK CL A 08986R408 5,041 8,578 SH   DFND 1 8,578 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 21,492 36,572 SH   DFND 1,2 36,572 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 42,677 72,621 SH   DFND 1,3 72,621 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106 690,950 4,322,218 SH   DFND 1,3 4,322,218 0 0
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103 3,042 104,000 SH   DFND 1,2 104,000 0 0
INVESTORS TITLE CO COM 461804106 4,316 24,426 SH   DFND 1,2 24,426 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 1,434 68,500 SH   DFND 1,2 68,500 0 0
SEMGROUP CORP CL A 81663A105 1,144 83,000 SH   DFND 1,2 83,000 0 0
UNICO AMERN CORP COM 904607108 3,363 527,100 SH   DFND 1,2 527,100 0 0
BAUSCH HEALTH COS INC COM 071734107 7,296 395,000 SH   DFND 1,2 395,000 0 0