Form 4: Carl Icahn Increases Stake in CVR Energy Inc. Through Recent Stock Purchases

Carl Icahn and related entities report acquiring additional shares of CVR Energy Inc., increasing their indirect holdings.

Summary

• Carl Icahn, Icahn Enterprises Holdings L.P., and Icahn Enterprises G.P. Inc. (collectively, the Reporting Persons) filed a Form 4 detailing changes in their beneficial ownership of CVR Energy Inc. (CVI) common stock.
• On March 13, 2025, they acquired 87,900 shares at a price of $18.14 per share.
• On March 14, 2025, they acquired 77 shares at a price of $18.25 per share.
• Following these transactions, the Reporting Persons indirectly beneficially own 68,534,270 shares of CVR Energy Inc. common stock.
• The shares are indirectly held through various entities, including IEP Energy Holding LLC, American Entertainment Properties Corp. (AEP), AEPC Holdings LLC, Icahn Enterprises L.P., and others.
• The Reporting Persons disclaim beneficial ownership of the Issuer's shares of common stock except to the extent of his or its pecuniary interest therein, if any.

Sentiment

Score: 6

Explanation: Neutral sentiment. The document simply reports transactions. The increase in holdings could be seen as positive, but the disclaimers temper enthusiasm.

Positives

• Carl Icahn's increased investment could be interpreted as a sign of confidence in CVR Energy's future prospects.

Risks

• The filing includes disclaimers of beneficial ownership, which could indicate a desire to limit liability or control.

Industry Context

Carl Icahn is known for taking activist positions in companies, often advocating for changes in strategy or operations. His increased stake in CVR Energy could signal potential future involvement in the company's direction.

Stakeholder Impact

• The increased stake by Carl Icahn could influence shareholder sentiment and potentially impact the company's stock price.

Key Dates