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
ABRAXAS PETE CORP COM 003830106 121 239,364 SH   DFND 1,2 239,364 0 0
BAUSCH HEALTH COS INC COM 071734107 8,631 395,000 SH   DFND 1,2 395,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 624 2 SH   DFND 1,2 2 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 7,560 13,472 SH   DFND 1 13,472 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 20,523 36,572 SH   DFND 1,2 36,572 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 40,753 72,621 SH   DFND 1,3 72,621 0 0
BIGLARI HLDGS INC COM STK CL B 08986R309 5,498 50,442 SH   DFND 1 0 0 50,442
BIGLARI HLDGS INC COM STK CL B 08986R309 39,864 365,726 SH   DFND 1,2 0 0 365,726
BIGLARI HLDGS INC COM STK CL B 08986R309 79,158 726,218 SH   DFND 1,3 0 0 726,218
CRACKER BARREL OLD CTRY STOR COM 22410J106 325,300 2,000,000 SH   DFND 1,3 2,000,000 0 0
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103 1,407 44,961 SH   DFND 1,2 44,961 0 0
ELECTRONIC ARTS INC COM 285512109 205 2,100 SH   DFND 1,2 2,100 0 0
INVESTORS TITLE CO COM 461804106 212 1,324 SH   DFND 1,2 1,324 0 0
SEMGROUP CORP CL A 81663A105 1,650 101,000 SH   DFND 1,2 101,000 0 0
TIFFANY & CO NEW COM 886547108 34,736 375,000 SH   DFND 1,3 375,000 0 0
UNICO AMERN CORP COM 904607108 3,426 527,100 SH   DFND 1,2 527,100 0 0