Form 4: Carl Icahn Discloses CVR Partners Unit Purchases Under 10b5-1 Plan

Carl Icahn and related entities report the acquisition of CVR Partners, LP common units through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Carl Icahn, Icahn Enterprises Holdings L.P., and Icahn Enterprises G.P. Inc. (the 'Reporting Persons') filed a Form 4 disclosing changes in their beneficial ownership of CVR Partners, LP common units.
• The reported transactions were executed under a Rule 10b5-1 trading plan adopted on December 20, 2024.
• The Reporting Persons indirectly acquired common units through purchases made by UAN Services, LLC and AEP, entities in which they have significant ownership interests.
• On April 8, 2025, 6,071 common units were purchased at $68.12 per unit.
• On April 9, 2025, 6,071 common units were purchased at $68.30 per unit.
• On April 10, 2025, 6,071 common units were purchased at $68.64 per unit.
• Following these transactions, the Reporting Persons indirectly beneficially own 3,892,000 common units through UAN Services, LLC and 237,833 common units through AEP.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports transactions under a pre-existing plan, without indicating any significant change in outlook.

Positives

• The purchases indicate continued investment in CVR Partners, LP by Carl Icahn and related entities.
• The use of a Rule 10b5-1 trading plan suggests a structured and pre-planned investment strategy.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, including significant shareholders like Carl Icahn. These filings are closely watched by investors for insights into management's and major shareholders' perspectives on the company's prospects.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the investment activities of a major shareholder.

Key Dates

Keywords

CVR Partners, Carl Icahn, Form 4, Beneficial Ownership, Rule 10b5-1, UAN, Common Units, Icahn Enterprises