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 | 848 | $575.35 | $487,897 | 6,233 | Nov 18, 2019 |
| LION FUND II, L.P. | — | Purchase | 605 | $579.87 | $350,821 | 3,101 | Nov 11, 2019 |
| LION FUND, L.P. | — | Purchase | 184 | $531.74 | $97,840 | 1,860 | Nov 5, 2019 |
| BIGLARI CAPITAL CORP. | — | Purchase | 4,454 | $106.90 | $476,133 | 4,573 | Jun 14, 2019 |
| LION FUND II, L.P. | — | Purchase | 419 | $99.00 | $41,481 | 17,438 | Jun 12, 2019 |
| LION FUND II, L.P. | — | Purchase | 140 | $618.47 | $86,586 | 1,739 | Jun 10, 2019 |
| BIGLARI CAPITAL CORP. | — | Purchase | 641 | $608.86 | $390,279 | 4,032 | Jun 3, 2019 |
| LION FUND, L.P. | — | Purchase | 500 | $97.36 | $48,680 | 1,988 | May 23, 2019 |
| BIGLARI CAPITAL CORP. | — | Purchase | 300 | $540.00 | $162,000 | 1,693 | May 21, 2019 |
| BIGLARI CAPITAL CORP. | — | Purchase | 197 | $715.20 | $140,894 | 1,197 | Dec 17, 2018 |
| BIGLARI CAPITAL CORP. | — | Purchase | 350 | $704.15 | $246,453 | 1,000 | Dec 11, 2018 |
| BIGLARI CAPITAL CORP. | — | Purchase | 186 | $987.85 | $183,740 | 7,142 | Jun 19, 2018 |
| BIGLARI CAPITAL CORP. | — | Purchase | 105 | $980.40 | $102,942 | 6,686 | Jun 14, 2018 |
| BIGLARI, SARDAR | Chief Executive Officer | Purchase | 129 | $995.83 | $128,462 | 3,311 | Jun 12, 2018 |
| BIGLARI CAPITAL CORP. | — | Purchase | 19 | $1,005.52 | $19,105 | 3,182 | Jun 5, 2018 |