BIGLARI CAPITAL CORP.

Q4 2020 13F Holdings Report, Options Holdings

Signature - Title
Sardar Biglari - Chairman and Chief Executive Officer
Location
San Antonio, TX
Options holdings as of
December 31, 2020
Notional value $
$437K
Number of holdings
1
Date filed
2/16/2021, 04:06 PM
Description
All US holdings of this investor are reported in this report.
Previous filing
Q3 2020 - Nov 16, 2020
Stock holdings
Showing options holdings, see here for stock holdings
Sym Company Class Option Share Change Activity * Price $ Shares Notional Value
Filing 2020 Q4 compared to 2020 Q3 by default.
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name Title City, State Date
Sardar Biglari Chairman and Chief Executive Officer San Antonio, Texas 2/16/2021

The Lion Fund, L.P. holds 36,571.7 shares of Biglari Holdings Inc. Class A Common Stock with sole voting authority of all 36,571.7 shares. Biglari Capital Corp. holds 25,663.1 shares of Biglari Holdings Inc. Class A Common Stock with sole voting authority of all 25,663.1 shares. The table does not have space to show fractional shares, therefore the fractional shares have been rounded to the nearest whole number.

Other Included Managers (3):

Num Name Location File Number
1 BIGLARI, SARDAR San Antonio, TX 028-14882
2 LION FUND, L.P. San Antonio, TX 028-15398
3 LION FUND II, L.P. San Antonio, TX 028-16045