Form 4: Carl Icahn Increases Stake in CVR Partners, LP (UAN)

Carl Icahn and related entities report acquiring additional common units of CVR Partners, LP (UAN) through open market purchases.

Summary

• Carl Icahn, Icahn Enterprises Holdings L.P., and Icahn Enterprises G.P. Inc. filed a Form 4 detailing changes in their beneficial ownership of CVR Partners, LP (UAN).
• On March 11, 2025, they purchased 3,937 common units at a price of $74.57.
• On March 12, 2025, they purchased 4,124 common units at a price of $74.56.
• On March 13, 2025, they purchased 3,284 common units at a price of $74.80.
• Following these transactions, the reporting persons indirectly beneficially own 3,892,000 common units.
• The common units are held through a complex ownership structure involving UAN Services, LLC, CVR Services, LLC, CVR Energy Holdings, Inc., CVR Energy, Inc. (CVI), AEPC Holdings LLC, American Entertainment Properties Corp. (AEP), and IEP Energy Holding LLC.
• Icahn Enterprises Holdings owns a 100% interest in AEPC Holdings LLC, which owns 100% of the equity of AEP.
• AEP is the sole member of IEP Energy Holding LLC, which together hold approximately 68% of the outstanding common stock of CVI.
• Carl Icahn is the indirect holder of approximately 86% of the issued and outstanding depositary units representing limited partnership interests in Icahn Enterprises L.P.
• Icahn Enterprises GP is the general partner of and owns a 1% general partner interest in each of Icahn Enterprises Holdings and Icahn Enterprises L.P.
• Icahn Enterprises GP is 100% owned by Beckton Corp, which is 100% owned by Mr. Icahn.
• The reporting persons disclaim beneficial ownership of the Common Units except to the extent of their pecuniary interest therein.

Sentiment

Score: 6

Explanation: Neutral sentiment. The document simply reports transactions. The increased stake could be seen as a positive, but without further context, it's difficult to assess the overall sentiment.

Positives

• Carl Icahn's increased investment could be interpreted as a positive signal about the future prospects of CVR Partners, LP.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of insiders and major shareholders.

Stakeholder Impact

• The increased stake by Carl Icahn could potentially increase investor confidence in CVR Partners, LP.

Key Dates