Sardar Biglari - 04 Jun 2026 Form 4 Insider Report for Biglari Holdings Inc. (BH)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
05 Jun 2026, 18:46:51 UTC
Prior SEC filing
14 May 2026
Next SEC filing
30 Jun 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: /s/ Sardar Biglari

Key filing fact

Sardar Biglari filed Form 4 for Biglari Holdings Inc. (BH) on 05 Jun 2026.

Key facts

  • This page summarizes Sardar Biglari's Form 4 filing for Biglari Holdings Inc. (BH).
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 05 Jun 2026, 18:46.

Change

  • Previous filing in this sequence was filed on 14 May 2026.
  • Current net transaction value: +$658,793.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (3)

CIK 0001334430 Primary reporting owner

BIGLARI, SARDAR

Relationship
Chairman and CEO, Director, 10%+ Owner
Address
19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO
Signature
By: /s/ Sardar Biglari
Signature date
05 Jun 2026
CIK 0001334429

BIGLARI CAPITAL CORP.

Relationship
10%+ Owner
Address
19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO
Signature
By: Biglari Capital Corp.; By: /s/ Sardar Biglari, Chairman and Chief Executive Officer
Signature date
05 Jun 2026
CIK 0001334426

LION FUND, L.P.

Relationship
10%+ Owner
Address
19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO
Signature
By: The Lion Fund, L.P.; By: Biglari Capital Corp., its general partner; By: /s/ Sardar Biglari, Chairman and Chief Executive Officer
Signature date
05 Jun 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BH transaction

Class B common stock

Purchase

Transaction value
$499,823
Shares
+1,743
Change %
+0.12%
Price
$286.76
Shares after
1,399,847
Date
04 Jun 2026
Ownership
By The Lion Fund, L.P.
Footnotes
F2, F3
BH transaction

Class B common stock

Purchase

Transaction value
$499,823
Shares
+1,743
Change %
+0.12%
Price
$286.76
Shares after
1,399,847
Date
04 Jun 2026
Ownership
By The Lion Fund, L.P.
Footnotes
F2, F3
BH transaction

Class B common stock

Purchase

Transaction value
$499,823
Shares
+1,743
Change %
+0.12%
Price
$286.76
Shares after
1,399,847
Date
04 Jun 2026
Ownership
By The Lion Fund, L.P.
Footnotes
F2, F3
BH transaction

Class B common stock

Purchase

Transaction value
$158,970
Shares
+535
Change %
+0.04%
Price
$297.14
Shares after
1,400,382
Date
05 Jun 2026
Ownership
By The Lion Fund, L.P.
Footnotes
F2, F4
BH transaction

Class B common stock

Purchase

Transaction value
$158,970
Shares
+535
Change %
+0.04%
Price
$297.14
Shares after
1,400,382
Date
05 Jun 2026
Ownership
By The Lion Fund, L.P.
Footnotes
F2, F4
BH transaction

Class B common stock

Purchase

Transaction value
$158,970
Shares
+535
Change %
+0.04%
Price
$297.14
Shares after
1,400,382
Date
05 Jun 2026
Ownership
By The Lion Fund, L.P.
Footnotes
F2, F4
BH holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
128,812
Date
04 Jun 2026
Ownership
By The Lion Fund, L.P.
Footnotes
F2
BH holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
128,812
Date
04 Jun 2026
Ownership
By The Lion Fund, L.P.
Footnotes
F2
BH holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
128,812
Date
04 Jun 2026
Ownership
By The Lion Fund, L.P.
Footnotes
F2
BH holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
0
Date
04 Jun 2026
Ownership
Direct
BH holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
0
Date
04 Jun 2026
Ownership
Direct
BH holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
0
Date
04 Jun 2026
Ownership
Direct
BH holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
25,663
Date
04 Jun 2026
Ownership
By Biglari Capital Corp.
Footnotes
F1
BH holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
25,663
Date
04 Jun 2026
Ownership
By Biglari Capital Corp.
Footnotes
F1
BH holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
25,663
Date
04 Jun 2026
Ownership
By Biglari Capital Corp.
Footnotes
F1
BH holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1
Date
04 Jun 2026
Ownership
Direct
BH holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1
Date
04 Jun 2026
Ownership
Direct
BH holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1
Date
04 Jun 2026
Ownership
Direct
BH holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
71,855
Date
04 Jun 2026
Ownership
By Biglari Capital Corp.
Footnotes
F1
BH holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
71,855
Date
04 Jun 2026
Ownership
By Biglari Capital Corp.
Footnotes
F1
BH holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
71,855
Date
04 Jun 2026
Ownership
By Biglari Capital Corp.
Footnotes
F1
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Shares owned directly by Biglari Capital Corp. ("BCC"), including shares of Class A and Class B common stock of the Issuer transferred for no consideration by Sardar Biglari to BCC. Mr. Biglari may be deemed a beneficial owner of the shares of Class A and Class B common stock of the Issuer owned directly by BCC.

Footnote F2

Shares owned directly by The Lion Fund, L.P. (the "Lion Fund"). BCC is the general partner of the Lion Fund. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund.

Footnote F3

The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $284.99 to $287.50. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Footnote F4

The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $293.34 to $298.81. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

SEC remarks

This Form 4 is filed jointly by Mr. Biglari, BCC and the Lion Fund. Each of Mr. Biglari, BCC and the Lion Fund disclaims beneficial ownership of the shares of Class A and Class B common stock reported herein except to the extent of his or its pecuniary interest therein.

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