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
BAUSCH HEALTH COS INC COM 071734107 11,581 395,000 SH   DFND 1,2 395,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 837 2 SH   DFND 1,2 2 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 50,232 120 SH   DFND 1,3 120 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,668 6,000 SH   DFND 1,2 6,000 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 19,992 25,663 SH   DFND 1 25,663 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 28,489 36,572 SH   DFND 1,2 36,572 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 63,605 81,649 SH   DFND 1,3 81,649 0 0
BIGLARI HLDGS INC COM STK CL B 08986R309 11,459 71,855 SH   DFND 1 0 0 71,855
BIGLARI HLDGS INC COM STK CL B 08986R309 58,322 365,726 SH   DFND 1,2 0 0 365,726
BIGLARI HLDGS INC COM STK CL B 08986R309 133,566 837,559 SH   DFND 1,3 0 0 837,559
CRACKER BARREL OLD CTRY STOR COM 22410J106 296,920 2,000,000 SH   DFND 1,3 2,000,000 0 0
ELECTRONIC ARTS INC COM 285512109 302 2,100 SH   DFND 1,2 2,100 0 0
ELECTRONIC ARTS INC COM 285512109 1,582 11,000 SH   DFND 1,3 11,000 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 781 73,477 SH   DFND 1,2 73,477 0 0
EXPEDITORS INTL WASH INC COM 302130109 24,054 190,000 SH   DFND 1,3 190,000 0 0
UNICO AMERN CORP COM 904607108 2,493 527,100 SH   DFND 1,2 527,100 0 0