Form 4: Carl Icahn Boosts CVR Energy Stake with Recent Purchases

Carl Icahn and affiliated entities increased their beneficial ownership in CVR Energy Inc. through multiple common stock purchases in late February 2026.

Summary

• Carl C. Icahn, Icahn Enterprises Holdings L.P., and Icahn Enterprises G.P. Inc. (collectively, the "Reporting Persons") reported acquiring additional shares of CVR Energy Inc. common stock.
• On February 20, 2026, 263,452 shares were acquired at a price of $20.78 per share.
• On February 23, 2026, an additional 244,940 shares were acquired at a price of $20.75 per share.
• On February 24, 2026, a further 275,012 shares were acquired at a price of $21.41 per share.
• Following these transactions, the Reporting Persons beneficially own a total of 71,201,875 shares of CVR Energy Inc. common stock.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a strong positive signal. The substantial insider buying by Carl Icahn, a renowned activist investor, suggests a high level of confidence in CVR Energy Inc.'s valuation and future prospects.

Positives

• Significant insider buying by Carl C. Icahn, a prominent activist investor and 10% owner, signals confidence in CVR Energy Inc.'s future prospects.
• The purchases increase the total beneficial ownership of the Reporting Persons to over 71 million shares, reinforcing their substantial stake in the company.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance from CVR Energy Inc. or the Reporting Persons regarding the company's future performance.

Industry Context

StockSavvy.ai notes that insider buying by a major shareholder and activist investor like Carl Icahn often indicates a belief that the company's stock is undervalued or that significant positive changes are anticipated. This move could attract increased investor attention to CVR Energy Inc. within the energy sector.

Related Party Transactions

• The reported transactions represent purchases of common stock by Carl C. Icahn and entities he controls, making them related-party transactions as he is a director and 10% owner of CVR Energy Inc.

Stakeholder Impact

• Shareholders may interpret these insider purchases as a vote of confidence from a major investor, potentially leading to increased investor interest and positive sentiment towards CVR Energy Inc.'s stock.

Key Dates

Recommendation

The significant insider buying by Carl C. Icahn, a well-known activist investor with a substantial stake in CVR Energy Inc., is a powerful indicator of perceived value. Such a move by a sophisticated investor often precedes positive developments or a re-evaluation of the company's worth, making it a strong 'buy' signal for seasoned investors.

Keywords

Carl Icahn, CVR Energy, CVI, Insider Buying, Form 4, Stock Purchase, Beneficial Ownership, Icahn Enterprises, Energy Sector