4//SEC Filing
LION FUND, L.P. 4
Accession 0000921895-25-003310
CIK 0001726173other
Filed
Dec 9, 7:00 PM ET
Accepted
Dec 10, 7:23 PM ET
Size
17.8 KB
Accession
0000921895-25-003310
Insider Transaction Report
Form 4
BIGLARI, SARDAR
DirectorChairman and CEO10% Owner
Transactions
- Purchase
Class B common stock
2025-12-08$315.08/sh+973$306,573→ 1,330,780 total(indirect: By The Lion Fund, L.P.) - Purchase
Class B common stock
2025-12-09$319.08/sh+938$299,297→ 1,331,718 total(indirect: By The Lion Fund, L.P.) - Purchase
Class B common stock
2025-12-10$321.94/sh+310$99,801→ 1,332,028 total(indirect: By The Lion Fund, L.P.)
Holdings
- 0.1
Class A common stock
- 25,663.1(indirect: By Biglari Capital Corp.)
Class A common stock
- 128,227.7(indirect: By The Lion Fund, L.P.)
Class A common stock
- 1
Class B common stock
- 71,855(indirect: By Biglari Capital Corp.)
Class B common stock
BIGLARI CAPITAL CORP.
10% Owner
Transactions
- Purchase
Class B common stock
2025-12-08$315.08/sh+973$306,573→ 1,330,780 total(indirect: By The Lion Fund, L.P.) - Purchase
Class B common stock
2025-12-09$319.08/sh+938$299,297→ 1,331,718 total(indirect: By The Lion Fund, L.P.) - Purchase
Class B common stock
2025-12-10$321.94/sh+310$99,801→ 1,332,028 total(indirect: By The Lion Fund, L.P.)
Holdings
- 0.1
Class A common stock
- 25,663.1(indirect: By Biglari Capital Corp.)
Class A common stock
- 128,227.7(indirect: By The Lion Fund, L.P.)
Class A common stock
- 1
Class B common stock
- 71,855(indirect: By Biglari Capital Corp.)
Class B common stock
LION FUND, L.P.
10% Owner
Transactions
- Purchase
Class B common stock
2025-12-08$315.08/sh+973$306,573→ 1,330,780 total(indirect: By The Lion Fund, L.P.) - Purchase
Class B common stock
2025-12-09$319.08/sh+938$299,297→ 1,331,718 total(indirect: By The Lion Fund, L.P.) - Purchase
Class B common stock
2025-12-10$321.94/sh+310$99,801→ 1,332,028 total(indirect: By The Lion Fund, L.P.)
Holdings
- 0.1
Class A common stock
- 25,663.1(indirect: By Biglari Capital Corp.)
Class A common stock
- 128,227.7(indirect: By The Lion Fund, L.P.)
Class A common stock
- 1
Class B common stock
- 71,855(indirect: By Biglari Capital Corp.)
Class B common stock
Footnotes (5)
- [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.
- [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.
- [F3]The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $312.89 to $320.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F4]The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $317.00 to $320.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F5]The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $320.89 to $322.11. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Documents
Issuer
Biglari Holdings Inc.
CIK 0001726173
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001334426
Filing Metadata
- Form type
- 4
- Filed
- Dec 9, 7:00 PM ET
- Accepted
- Dec 10, 7:23 PM ET
- Size
- 17.8 KB