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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 10,880 100,000 SH   DFND 1,3 100,000 0 0
BAUSCH HEALTH COS INC COM 071734107 9,026 395,000 SH   DFND 1,2 395,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,058 2 SH   DFND 1,2 2 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 529 1 SH   DFND 1,3 1 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 18,734 25,663 SH   DFND 1 25,663 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 26,697 36,572 SH   DFND 1,2 36,572 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 60,929 83,465 SH   DFND 1,3 83,465 0 0
BIGLARI HLDGS INC COM STK CL B 08986R309 10,391 71,855 SH   DFND 1 0 0 71,855
BIGLARI HLDGS INC COM STK CL B 08986R309 52,888 365,726 SH   DFND 1,2 0 0 365,726
BIGLARI HLDGS INC COM STK CL B 08986R309 128,742 890,272 SH   DFND 1,3 0 0 890,272
CRACKER BARREL OLD CTRY STOR COM 22410J106 237,460 2,000,000 SH   DFND 1,3 2,000,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 3,649 35,000 SH   DFND 1,2 35,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 11,677 112,000 SH   DFND 1,3 112,000 0 0
UNICO AMERN CORP COM 904607108 1,544 527,100 SH   DFND 1,2 527,100 0 0