SCHEDULE 13D/A: Icahn Enterprises L.P. Major Shareholders Increase Stake Through Quarterly Dividend

Carl C. Icahn and affiliated entities have increased their aggregate beneficial ownership in Icahn Enterprises L.P. to approximately 87.09% following the receipt of a regular quarterly distribution of Depositary Units.

Summary

• Carl C. Icahn and his affiliated reporting persons collectively beneficially own 494,783,619 Depositary Units of Icahn Enterprises L.P.
• This aggregate ownership represents approximately 87.09% of the Issuer's outstanding Depositary Units.
• The calculation of outstanding units is based on 546,086,101 units as of May 7, 2025, plus 22,033,036 units issued to the Reporting Persons on June 25, 2025, as part of a regular quarterly distribution.
• On June 25, 2025, CCI Onshore received 4,707,509 Depositary Units, Gascon received 3,028,658 Depositary Units, High Coast received 11,040,623 Depositary Units, Highcrest received 2,433,777 Depositary Units, and Thornwood received 822,469 Depositary Units as part of the quarterly dividend.
• No other transactions in the Issuer's securities were effected by the Reporting Persons during the past sixty days, apart from this quarterly dividend acquisition.

Sentiment

Score: 6

Explanation: The document is a routine amendment to a Schedule 13D, reporting an increase in beneficial ownership due to a regular quarterly dividend. This is a factual update on ownership structure rather than a performance report, indicating a neutral to slightly positive sentiment due to the dividend distribution.

Positives

• The receipt of a regular quarterly distribution of Depositary Units indicates a consistent return to shareholders.
• The increase in beneficial ownership percentage for Carl C. Icahn and his affiliates solidifies their significant control over Icahn Enterprises L.P.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The acquisition of 22,033,036 Depositary Units by the Reporting Persons from the Issuer on June 25, 2025, in connection with a regular quarterly distribution, can be considered a related party transaction given the significant ownership stake of the Reporting Persons.

Stakeholder Impact

• Shareholders: The regular quarterly distribution provides a return on investment. The increased beneficial ownership by Carl C. Icahn and his affiliates reinforces their control, which may impact future strategic decisions and governance.

Key Dates

Keywords

Icahn Enterprises L.P., Carl C. Icahn, Beneficial Ownership, Schedule 13D, SEC Filing, Depositary Units, Quarterly Distribution, Dividend, Shareholder Stake