X0206 3 2022-09-14 0 0000867665 ABRAXAS PETROLEUM CORP AXAS 0001334430 BIGLARI, SARDAR 17802 IH 10 WEST, SUITE 400 SAN ANTONIO TX 78257 1 0 0 0 Series A Preferred Stock 685505 I By Biglari Holdings, Inc. Common Stock 5 I By The Lion Fund, L.P. These securities are held of record by Biglari Holdings Inc. ("Biglari Holdings"). The reporting person is Chairman and Chief Executive Officer of Biglari Holdings and maintains investment and voting control of the securities held by Biglari Holdings. By virtue of this relationship, the reporting person may be deemed to beneficially own the securities held of record by Biglari Holdings. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. These securities are held of record by The Lion Fund, L.P. (the "Lion Fund"). The reporting person is the sole member, Chairman and Chief Executive Officer of Biglari Capitol Corp., which is the general partner of the Lion Fund. By virtue of these relationships, the reporting person may be deemed to beneficially own the securities held of record by the Lion Fund. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. /s/ Sardar Biglari 2022-09-23