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 6,138 395,000 SH   DFND 1,2 395,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 640 2 SH   DFND 1,2 2 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 8,000 25 SH   DFND 1,3 25 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,324 25,000 SH   DFND 1,2 25,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 72,400 340,000 SH   DFND 1,3 340,000 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 12,518 25,663 SH   DFND 1 25,663 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 17,840 36,572 SH   DFND 1,2 36,572 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 36,508 74,843 SH   DFND 1,3 74,843 0 0
BIGLARI HLDGS INC COM STK CL B 08986R309 6,396 71,855 SH   DFND 1 0 0 71,855
BIGLARI HLDGS INC COM STK CL B 08986R309 32,553 365,726 SH   DFND 1,2 0 0 365,726
BIGLARI HLDGS INC COM STK CL B 08986R309 65,186 732,343 SH   DFND 1,3 0 0 732,343
CRACKER BARREL OLD CTRY STOR COM 22410J106 229,320 2,000,000 SH   DFND 1,3 2,000,000 0 0
ELECTRONIC ARTS INC COM 285512109 274 2,100 SH   DFND 1,2 2,100 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 398 73,477 SH   DFND 1,2 73,477 0 0
MARATHON PETE CORP COM 56585A102 880 30,000 SH   DFND 1,3 30,000 0 0
UNICO AMERN CORP COM 904607108 3,163 527,100 SH   DFND 1,2 527,100 0 0