Key facts
- This page summarizes Sardar Biglari's Form 4 filing for ABRAXAS PETROLEUM CORP.
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 27 Oct 2022, 18:34.
Sardar Biglari - 26 Oct 2022 Form 4 Insider Report for ABRAXAS PETROLEUM CORP
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 26 Oct 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 27 Oct 2022, 18:34:29 UTC
- Prior SEC filing
- 23 Sep 2022
- Next SEC filing
- 09 Aug 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Sardar Biglari
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Sardar Biglari filed Form 4 for ABRAXAS PETROLEUM CORP on 27 Oct 2022.
Change
- Previous filing in this sequence was filed on 23 Sep 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
AXAS
transaction
Series A Preferred Stock
Other
- Transaction value
- Shares
- -685,505
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 26 Oct 2022
- Ownership
- See footnote
- Footnotes
- F1, F2
AXAS
transaction
Common Stock
Other
- Transaction value
- Shares
- +90,631,287
- Change %
- +1812625740%
- Price
- Shares after
- 90,631,292
- Date
- 26 Oct 2022
- Ownership
- See footnote
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
On October 26, 2022, pursuant to an Exchange Agreement, dated September 27, 2022, by and among Biglari Holdings Inc. ("Biglari Holdings") and the Issuer, Biglari Holdings acquired 90,631,287 shares of Common Stock from the Issuer in exchange for 685,505 shares of Series A Preferred Stock.
Footnote F2
Following the transactions reported herein, includes (i) 90,631,287 shares of Common Stock held of record by Biglari Holdings and (ii) 5 shares of Common Stock held of record by The Lion Fund, L.P. ("The Lion Fund"). 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. The reporting person is also the sole member, Chairman and Chief Executive Officer of Biglari Capital Corp., which is the general partner of The Lion Fund. By virtue of these relationships, the reporting person may be deemed to share beneficial ownership of the securities reported herein, but disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.