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
AMERICAN NATIONAL GROUP INC COM 02772A109 2,913 15,408 SH   DFND 1, 2, 3, 4 15,408 0 0
BATTALION OIL CORP COM 07134L107 175 17,959 SH   DFND 1, 2, 3, 4 17,959 0 0
BEYOND MEAT INC COM 08862E109 4,526 43,000 SH Put DFND 1, 2, 3, 4 0 0 43,000
CAPITAL SENIOR LIVING CORP COM 140475203 10,418 295,799 SH   DFND 1, 2, 3, 4 295,799 0 0
CAPSTAR FINANCIAL HOLDINGS I COM 14070T102 2,594 122,144 SH   DFND 1, 2, 3, 4 122,144 0 0
CIT GROUP INC COM 125581801 4,208 81,000 SH   DFND 1, 2, 3, 4 81,000 0 0
CLIPPER REALTY INC COM 18885T306 184 22,708 SH   DFND 1, 2, 3, 4 22,708 0 0
COMMUNITY WEST BANCSHARES COM 204157101 452 34,669 SH   DFND 1, 2, 3, 4 34,669 0 0
COWEN INC - A COM 223622606 32,001 932,693 SH   DFND 1, 2, 3, 4 932,693 0 0
DEVON ENERGY CORP COM 25179M103 655 18,444 SH   DFND 1, 2, 3, 4 18,444 0 0
FIRST FINANCIAL NORTHWEST COM 32022K102 768 46,893 SH   DFND 1, 2, 3, 4 46,893 0 0
GREAT ELM GROUP INC COM 39037G109 2,576 1,150,000 SH   DFND 1, 2, 3, 4 1,150,000 0 0
GREIF INC-CL B COM 397624206 17,341 267,614 SH   DFND 1, 2, 3, 4 267,614 0 0
ICC HOLDINGS INC COM 44931Q104 280 16,965 SH   DFND 1, 2, 3, 4 16,965 0 0
INTERNATIONAL PAPER CO COM 460146103 3,355 60,000 SH   DFND 1, 2, 3, 4 60,000 0 0
KENTUCKY FIRST FEDERAL BANCO COM 491292108 488 68,283 SH   DFND 1, 2, 3, 4 68,283 0 0
LENNAR CORP - B SHS COM 526057302 5,653 72,860 SH   DFND 1, 2, 3, 4 72,860 0 0
LIBERTY LATIN AMERIC-CL A COM G9001E102 1,812 138,512 SH   DFND 1, 2, 3, 4 138,512 0 0
LIBERTY LATIN AMERIC-CL C COM G9001E128 15,791 1,203,574 SH   DFND 1, 2, 3, 4 1,203,574 0 0
LINCOLN NATIONAL CORP COM 534187109 4,125 60,000 SH   DFND 1, 2, 3, 4 60,000 0 0
LOCKHEED MARTIN CORP COM 539830109 1,067 3,093 SH   DFND 1, 2, 3, 4 3,093 0 0
MALVERN BANCORP INC COM 561409103 171 10,087 SH   DFND 1, 2, 3, 4 10,087 0 0
NATIONAL WESTERN LIFE GROU-A COM 638517102 2,841 13,490 SH   DFND 1, 2, 3, 4 13,490 0 0
NI HOLDINGS INC COM 65342T106 188 10,700 SH   DFND 1, 2, 3, 4 10,700 0 0
PORTMAN RIDGE FINANCE CORP COM 73688F201 1,564 64,250 SH   DFND 1, 2, 3, 4 64,250 0 0
REVOLUTION HEALTHCARE ACQU-A COM 76155Y108 863 88,900 SH   DFND 1, 2, 3, 4 88,900 0 0
REVOLUTION HEALTHCARE -CW28 WTS 76155Y116 16 17,780 SH   DFND 1, 2, 3, 4 0 0 17,780
SENECA FOODS CORP - CL A COM 817070501 311 6,440 SH   DFND 1, 2, 3, 4 6,440 0 0
SENECA FOODS CORP - CL B COM 817070105 363 7,400 SH   DFND 1, 2, 3, 4 7,400 0 0
SIRIUSPOINT LTD COM 00000NANA 1,189 128,350 SH   DFND 1, 2, 3, 4 128,350 0 0
STEREOTAXIS INC COM 85916J409 12,218 2,270,952 SH   DFND 1, 2, 3, 4 2,270,952 0 0
TEJON RANCH CO COM 879080109 300 16,902 SH   DFND 1, 2, 3, 4 16,902 0 0
TESLA INC COM 88160R101 487,157 628,200 SH Put DFND 1, 2, 3, 4 0 0 628,200
VIRTU FINANCIAL INC-CLASS A COM 928254101 611 25,000 SH Call DFND 1, 2, 3, 4 0 0 25,000
WESTROCK CO COM 96145D105 11,204 224,848 SH   DFND 1, 2, 3, 4 224,848 0 0