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

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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 602 2 SH   DFND 1,2 2 0 0
BIGLARI HLDGS INC COM STK CL B 08986R309 4,434 31,368 SH   DFND 1 0 0 31,368
BIGLARI HLDGS INC COM STK CL B 08986R309 51,699 365,726 SH   DFND 1,2 0 0 365,726
BIGLARI HLDGS INC COM STK CL B 08986R309 102,658 726,218 SH   DFND 1,3 0 0 726,218
BIGLARI HLDGS INC COM STK CL A 08986R408 6,309 8,578 SH   DFND 1 8,578 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 26,896 36,572 SH   DFND 1,2 36,572 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 53,408 72,621 SH   DFND 1,3 72,621 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106 569,723 3,525,294 SH   DFND 1,3 3,525,294 0 0
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103 3,924 121,000 SH   DFND 1,2 121,000 0 0
INVESTORS TITLE CO COM 461804106 1,508 9,550 SH   DFND 1,2 9,550 0 0
SEMGROUP CORP CL A 81663A105 1,223 83,000 SH   DFND 1,2 83,000 0 0
UNICO AMERN CORP COM 904607108 3,163 527,100 SH   DFND 1,2 527,100 0 0
BAUSCH HEALTH COS INC COM 071734107 9,757 395,000 SH   DFND 1,2 395,000 0 0