| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LOCO | Common Stock, par value $0.01 per share | Purchase | $465K | +45.7K | $10.18 | 45.7K | Aug 15, 2023 | By First Guard Insurance Company | F2, F3 | |
| transaction | LOCO | Common Stock, par value $0.01 per share | Purchase | $554K | +54.3K | +118.82% | $10.20 | 100K | Aug 16, 2023 | By First Guard Insurance Company | F2, F4 |
| transaction | LOCO | Common Stock, par value $0.01 per share | Purchase | $202K | +20K | +20% | $10.08 | 120K | Aug 17, 2023 | By First Guard Insurance Company | F2, F5 |
| holding | LOCO | Common Stock, par value $0.01 per share | 4M | Aug 15, 2023 | By The Lion Fund II, L.P. | F1 |
| Id | Content |
|---|---|
| F1 | Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II. |
| F2 | Shares owned directly by First Guard Insurance Company ("First Guard"). First Guard is a wholly owned subsidiary of Biglari Holdings Inc. ("Biglari Holdings"). Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings and has investment discretion over the securities owned by First Guard. By virtue of these relationships, Biglari Holdings and Sardar Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard. |
| F3 | The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.09 to $10.25 . The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. |
| F4 | The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.17 to $10.29. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. |
| F5 | The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.04 to $10.15. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. |
This Form 4 is filed jointly by Mr. Biglari, Biglari Holdings, BCC and the Lion Fund II. Each of Mr. Biglari, Biglari Holdings, BCC and Lion Fund II disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.