ADVISORY BUSINESS A. General Description of Advisory Firm JANA Partners LLC is a Delaware limited liability company headquartered in New York City. JANA Partners LLC is registered as an investment adviser with the SEC and is subject to the rules and regulations governing registered investment advisers under the Investment Advisers Act of 1940, as amended. JANA Partners LLC has been in business since April 2001 and has been registered with the SEC since October 2009. JANA Partners LLC’s principal owner is Barry Rosenstein. JANA Partners LLC and JANA Partners Management, LP (collectively, “JANA,” “Adviser,” “we,” “us,” or “our”) have together filed a single Form ADV under an umbrella registration. As a relying adviser of JANA Partners LLC, JANA Partners Management, LP is not separately registered as an investment adviser with the SEC, but is considered to be a registered investment adviser by virtue of JANA Partners LLC’s registration with the SEC. B. Description of Advisory Services JANA provides Investment Advisory Services (as defined below) on a discretionary basis to the following private investment vehicle and managed account clients:
• JM IV, L.P., JANA Strategic Investment Fund V, L.P., JANA Strategic Investment Fund VIII, L.P., JANA Strategic Investment Fund IX, L.P., JANA Special Situations Investments LLC, and JANA Special Situations Investments II, LLC, as well as other investment vehicles and managed accounts which pursue identical or substantially similar strategies (the “JSI Funds”);
• JANA Strategic Investments Benchmark Fund, L.P. and JANA Strategic Investments Benchmark Offshore Fund, Ltd., both of which invest in JANA Strategic Investments Benchmark Master Fund, L.P. and any related co-investment vehicles (the “JSI Benchmark Funds”); and
• Funds, investment vehicles and managed accounts that pursue other strategies, including but not limited to proprietary accounts and co-investment vehicles (the “Other Accounts”). JANA or an affiliate of JANA may also serve as investment manager, investment advisor, advisor, sub-advisor and/or in a similar capacity to other funds, investment vehicles, managed accounts and non-discretionary accounts whose investment programs are substantially similar to, overlap with, or are different from the Investment Advisory Services JANA provides on a discretionary basis. As used herein, the terms “Client” or “Client Account” refer to the JSI Funds, the JSI Benchmark Funds, and the Other Accounts and to any other private investment vehicles and managed accounts JANA may advise in the future. As an investment adviser, we source potential investments, conduct research and due diligence on potential investments, structure investments, and monitor investments on behalf of our Clients. We also provide certain administrative services to Clients or arrange for such services to be provided by a third party. We refer to all of these services as “Investment Advisory Services.” We generate all of our advisory fees from Investment Advisory Services. Client assets are managed on a discretionary basis according to the stated investment objectives and policies of each Client. We have the authority and responsibility to formulate the investment strategy on behalf of our Clients, including deciding which securities to buy and sell, when to buy and sell, and in what amounts.

We do not limit the types of Investment Advisory Services we offer and there are no material limitations on the types of securities in which we may invest or advise on behalf of our Clients. We may invest in any security and any sector of the market to carry out the overall objectives of our Clients. We have flexibility to create or organize (alone or in conjunction with others), or otherwise utilize special purpose subsidiaries or other special purpose investment vehicles, swaps or other derivatives or structured products. The foregoing is subject to the provisions of any relevant investment management agreement or similar agreement (“IMA”), offering memorandum, or organizational documents (together with the IMA and the offering memorandum, the “Offering Documents”). This Brochure generally includes information about JANA and its relationships with its Clients and affiliates. While much of this Brochure applies to all such Clients and affiliates, certain information included herein applies to specific Clients or affiliates only. This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The securities of certain Clients are offered and sold on a private placement basis under exemptions promulgated under the Securities Act of 1933, as amended, and other exemptions of similar import under U.S. state laws and the laws of other jurisdictions where any offering may be made. Investors in our Clients must meet the qualifications set forth in the applicable Offering Documents. Persons reviewing this Brochure should not construe this as an offer to sell or solicitation of an offer to buy the securities of any of the Clients described herein. Any such offer or solicitation will be made only by means of a confidential private placement memorandum. C. Tailored Advisory Services for Client Accounts JANA’s Offering Documents provide detailed descriptions of each Client’s investment objectives and may contain investment guidelines, policies or restrictions specific to such Client Account. The JSI Funds and the JSI Benchmark Funds hold investments that follow an active shareholder engagement strategy. JANA intends for the JSI Funds and the JSI Benchmark Funds to hold similar investments, to the extent practicable, subject to investment guidelines, tax, regulatory, and other considerations which may cause investments to differ. The JSI Funds consist of dedicated, non-commingled drawdown investment vehicles. The JSI Benchmark Funds currently offer series A ("Series A"), series A-1 (“Series A-1” and, together with Series A, “Series A/A-1”) and series B ("Series B"), pursuant to the applicable Offering Documents. While the investment program for Series A/A-1 and Series B are generally the same (other than with respect to net cash holdings, as described in Item 8, "Methods of Analysis, Investment Strategies, and Risk of Loss" below), each series shall be treated as separate and distinct Clients or Client Accounts for allocation, investment and accounting purposes. D. Wrap Fee Programs We do not participate in any wrap fee programs. E. Assets Under Management As of December 31, 2022, JANA had approximately $1,278,889,000 in regulatory assets under management, all managed on a discretionary basis.