Form 4: Carl Icahn Increases Stake in CVR Energy Through Open Market Purchases

Carl Icahn and affiliated entities report acquiring additional shares of CVR Energy (CVI) through open market purchases, increasing their indirect ownership.

Summary

• Carl Icahn, Icahn Enterprises Holdings L.P., and Icahn Enterprises G.P. Inc. (collectively, the 'Reporting Persons') filed a Form 4 with the SEC.
• The filing reports purchases of CVR Energy (CVI) common stock on April 21, 2025, and April 23, 2025.
• On April 21, 2025, 29,972 shares were purchased at a price of $18.21 per share.
• On April 23, 2025, 98,875 shares were purchased at a price of $17.84 per share.
• Following these transactions, the Reporting Persons indirectly beneficially own 70,339,251 shares of CVR Energy.
• The purchases were made pursuant to a Rule 10b5-1 trading plan adopted on February 21, 2025.
• 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: The sentiment is neutral to slightly positive. Icahn's increased investment suggests confidence, but the filing itself is a routine disclosure.

Positives

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

Industry Context

Icahn's investment in CVR Energy is notable given his history of activist investing in the energy sector. His increased stake could signal potential strategic moves or influence within the company.

Stakeholder Impact

• The increased stake could positively influence shareholder confidence.

Key Dates

Keywords

CVR Energy, Carl Icahn, Form 4, Beneficial Ownership, Stock Purchase, Icahn Enterprises, Rule 10b5-1