Biglari Holdings Inc. — Insider Transactions
Form 4 filings by directors, officers, and 10%+ shareholders
SEC rules require corporate insiders — including directors, executive officers, and any shareholder owning more than 10% of a company's shares — to report changes in their ownership within two business days of a transaction. These disclosures are filed as Form 4. Open-market purchases (code P) are generally considered the most meaningful signal, as insiders are spending their own money.
| Insider | Title | Type | Shares | Price | Value | Owns After | Date |
|---|---|---|---|---|---|---|---|
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 3,084 | $323.71 | $998,322 | 1,335,713 | Dec 17, 2025 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 156 | $1,599.87 | $249,580 | 128,444 | Dec 12, 2025 |
| LION FUND, L.P. | — | Purchase | 973 | $315.08 | $306,573 | 1,330,780 | Dec 9, 2025 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 1,139 | $306.05 | $348,591 | 1,328,342 | Dec 5, 2025 |
| LION FUND, L.P. | — | Purchase | 1,819 | $274.74 | $499,752 | 1,324,401 | Nov 24, 2025 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 2,589 | $249.55 | $646,085 | 1,322,582 | Dec 17, 2024 |
| BIGLARI CAPITAL CORP. | — | Purchase | 128 | $234.98 | $30,077 | 1,319,290 | Dec 12, 2024 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 2,167 | $228.47 | $495,094 | 1,318,923 | Dec 5, 2024 |
| BIGLARI CAPITAL CORP. | — | Purchase | 274 | $1,108.95 | $303,852 | 126,925 | Dec 2, 2024 |
| BIGLARI CAPITAL CORP. | — | Purchase | 798 | $206.95 | $165,146 | 1,309,959 | Nov 26, 2024 |
| BIGLARI CAPITAL CORP. | — | Purchase | 856 | $210.00 | $179,760 | 1,307,591 | Nov 20, 2024 |
| LION FUND, L.P. | — | Purchase | 782 | $1,049.52 | $820,725 | 125,701 | Nov 19, 2024 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 3,992 | $210.13 | $838,839 | 1,292,670 | Nov 12, 2024 |
| BIGLARI CAPITAL CORP. | — | Purchase | 3,873 | $192.37 | $745,049 | 1,277,216 | Mar 15, 2024 |
| BIGLARI CAPITAL CORP. | — | Purchase | 69 | $976.62 | $67,387 | 122,001 | Mar 12, 2024 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 1,908 | $187.87 | $358,456 | 1,271,744 | Mar 8, 2024 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 42 | $923.10 | $38,770 | 121,185 | Mar 5, 2024 |
| BIGLARI CAPITAL CORP. | — | Purchase | 440 | $175.47 | $77,207 | 1,265,811 | Dec 14, 2023 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 252 | $826.62 | $208,308 | 120,741 | Dec 13, 2023 |
| LION FUND, L.P. | — | Other | 83,465 | — | — | 120,037 | Jun 8, 2022 |
| LION FUND II, L.P. | — | Purchase | 10,072 | $148.68 | $1,497,505 | 890,272 | Dec 17, 2021 |
| LION FUND II, L.P. | — | Purchase | 547 | $143.81 | $78,664 | 880,200 | Dec 13, 2021 |
| LION FUND, L.P. | — | Purchase | 60 | $722.44 | $43,346 | 83,465 | Nov 24, 2021 |
| Cardwell John Garrett | — | Purchase | 200 | $172.31 | $34,462 | 700 | Aug 12, 2021 |
| BIGLARI CAPITAL CORP. | — | Purchase | 12,937 | $171.56 | $2,219,472 | 850,496 | Aug 12, 2021 |
| Cardwell John Garrett | — | Purchase | 50 | $171.00 | $8,550 | 500 | Jun 18, 2021 |
| LION FUND II, L.P. | — | Purchase | 75 | $915.00 | $68,625 | 81,576 | Jun 16, 2021 |
| LION FUND II, L.P. | — | Purchase | 38 | $905.00 | $34,390 | 81,501 | Jun 10, 2021 |
| LION FUND II, L.P. | — | Purchase | 373 | $816.81 | $304,670 | 79,279 | Jun 8, 2021 |
| BIGLARI CAPITAL CORP. | — | Purchase | 227 | $855.19 | $194,128 | 78,906 | May 28, 2021 |
| LION FUND, L.P. | — | Purchase | 135 | $770.00 | $103,950 | 78,187 | May 17, 2021 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 544 | $780.50 | $424,592 | 77,907 | May 13, 2021 |
| LION FUND II, L.P. | — | Purchase | 275 | $747.36 | $205,524 | 77,363 | Mar 11, 2021 |
| Cardwell John Garrett | — | Purchase | 150 | $149.80 | $22,470 | 450 | Mar 11, 2021 |
| BIGLARI CAPITAL CORP. | — | Purchase | 97 | $730.57 | $70,865 | 76,804 | Mar 4, 2021 |
| LION FUND II, L.P. | — | Purchase | 469 | $621.59 | $291,526 | 76,707 | Dec 17, 2020 |
| BIGLARI CAPITAL CORP. | — | Purchase | 26 | $600.00 | $15,600 | 75,800 | Dec 15, 2020 |
| BIGLARI CAPITAL CORP. | — | Purchase | 10,000 | $115.98 | $1,159,800 | 812,773 | Dec 9, 2020 |
| Cardwell John Garrett | — | Purchase | 100 | $119.42 | $11,942 | 300 | Dec 8, 2020 |
| LION FUND II, L.P. | — | Purchase | 548 | $113.86 | $62,395 | 802,299 | Dec 1, 2020 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 3,041 | $110.78 | $336,882 | 795,718 | Nov 30, 2020 |
| LION FUND II, L.P. | — | Purchase | 18,056 | $104.19 | $1,881,255 | 787,310 | Nov 24, 2020 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 15,156 | $105.27 | $1,595,472 | 769,254 | Nov 16, 2020 |
| Cardwell John Garrett | — | Purchase | 200 | $101.86 | $20,372 | 200 | Nov 16, 2020 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 1,311 | $96.75 | $126,839 | 730,698 | Sep 11, 2020 |
| LION FUND, L.P. | — | Purchase | 2,500 | $95.88 | $239,700 | 729,387 | Sep 2, 2020 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 1,426 | $450.00 | $641,700 | 72,363 | Aug 13, 2020 |
| BIGLARI CAPITAL CORP. | — | Other | 1,684 | — | — | 25,663 | Mar 23, 2020 |
| BIGLARI, SARDAR | Chairman and CEO | Purchase | 717 | $584.39 | $419,008 | 7,699 | Nov 26, 2019 |
| BIGLARI CAPITAL CORP. | — | Purchase | 533 | $550.37 | $293,347 | 6,866 | Nov 22, 2019 |