ADVISORY BUSINESS A. General Description of Advisory Firm JANA Partners Management, LP (“JANA”, “Adviser,” “we,” “us,” or “our”) is a Delaware limited partnership headquartered in New York City. JANA, through its previous affiliate JANA Partners LLC, has been in business since April 2001. Barry Rosenstein serves as the Founder & Executive Chairman of JANA, and Scott Ostfeld serves as the Managing Partner of JANA. Cannae Holdings, Inc, a publicly traded company listed on the New York Stock Exchange (ticker: CNNE), through its affiliate Cannae Holdings, LLC (collectively, “Cannae”) holds a passive minority interest in JANA and JANA Partners Capital LLC (the “Funds General Partner”), an affiliate of JANA. Please see Item 10, “Other Financial Industry Activities and Affiliations” below for additional information related to Cannae. 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 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 “Drawdown 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 “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 Drawdown Funds, the 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 Drawdown Funds and the Benchmark Funds hold investments that follow an active shareholder engagement strategy. JANA intends for the Drawdown Funds and the 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 Drawdown Funds consist of dedicated, non-commingled drawdown investment vehicles. The Benchmark Funds currently offer series A ("Series A"), series A-1 (“Series A-1” and, together with Series A, “Series A/A-1”), series B ("Series B"), and series B-1 (“Series B-1” and together with Series B, “Series B/B-1”) pursuant to the applicable Offering Documents. While the investment program for Series A/A-1 and Series B/B-1 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 2023, JANA had approximately $1,837,242,000 in regulatory assets under management, all managed on a discretionary basis.