Biglari Reinsurance Ltd. - Aug 13, 2024 Form 3 Insider Report for El Pollo Loco Holdings, Inc. (LOCO)

Role
Other*
Signature
By: Biglari Reinsurance Ltd.; By: /s/ Sardar Biglari, Chairman of the Board and Chief Executive Officer
Stock symbol
LOCO
Transactions as of
Aug 13, 2024
Transactions value $
$0
Form type
3
Date filed
8/27/2024, 07:29 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LOCO Common Stock, par value $0.01 per share 25K Aug 13, 2024 Direct F1
holding LOCO Common Stock, par value $0.01 per share 120K Aug 13, 2024 By First Guard Insurance Company F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virtue of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.
F2 Shares owned directly by First Guard Insurance Company ("First Guard"). Biglari Reinsurance is the direct parent company of First Guard. Biglari Insurance is the direct parent company of Biglari Reinsurance. Biglari Holdings is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virtue of these relationships, Biglari Reinsurance, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard.

Remarks:

This Form 3 is filed jointly by Biglari Reinsurance and Biglari Insurance. Each of Biglari Reinsurance and Biglari Insurance is a member of a group with The Lion Fund II, L.P., Biglari Capital Corp., First Guard, Biglari Holdings and Sardar Biglari for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each of the foregoing disclaims beneficial ownership of the securities of the Issuer reported herein and owned directly by other members of the Section 13(d) group except to the extent of his or its pecuniary interest therein and this report shall not be deemed an admission that it is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.