BH · Insider Trading

Biglari Holdings Inc. Class B Common Stock

Every open-market purchase and sale reported by BH officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.

Form 4 Filings
50
most recent
Open-Market Buys
49
code P
Sales
0
code S
Reporting Insiders
0
current holders
BH — Recent Form 4 Transactions (latest 2018-03-08)
FiledInsiderRole TypeSharesValue
2018-03-08 BIGLARI CAPITAL CORP. 10%+ Owner Buy +5,511 +$2.31M
2018-03-05 LION FUND II, L.P. 10%+ Owner Buy +4,923 +$2.06M
2018-03-01 BIGLARI CAPITAL CORP. 10%+ Owner Buy +5,952 +$2.50M
2018-03-01 Sardar Biglari Director Buy +2,100 +$881.68K
2018-02-23 Sardar Biglari Director Buy +10,749 +$4.49M
2018-02-20 Sardar Biglari Director Buy +11,547 +$4.63M
2018-02-14 LION FUND II, L.P. 10%+ Owner Buy +10,989 +$4.44M
2018-02-09 LION FUND II, L.P. 10%+ Owner Buy +10,641 +$4.19M
2018-02-06 Sardar Biglari Director Buy +9,930 +$3.98M
2018-02-01 Sardar Biglari Director Buy +8,247 +$3.43M
2018-01-29 Sardar Biglari Director Buy +8,520 +$3.55M
2018-01-24 Sardar Biglari Director Buy +10,518 +$4.33M
2018-01-19 Sardar Biglari Director Buy +10,413 +$4.34M
2018-01-12 Sardar Biglari Director Buy +813 +$341.19K
2018-01-09 Sardar Biglari Director Buy +15,285 +$6.39M
2018-01-04 Sardar Biglari Director Buy +9,768 +$4.09M
2018-01-02 BIGLARI CAPITAL CORP. 10%+ Owner Buy +3,999 +$1.68M
2017-12-27 Sardar Biglari Director Buy +10,479 +$4.39M
2017-12-21 LION FUND II, L.P. 10%+ Owner Buy +6,678 +$2.80M
2017-12-18 Sardar Biglari Director Buy +16,956 +$6.98M
2017-12-13 BIGLARI CAPITAL CORP. 10%+ Owner Buy +14,994 +$5.78M
2017-12-06 Sardar Biglari Director Buy +30 +$10.05K
2017-12-01 Sardar Biglari Director Buy +30 +$10.05K
2017-11-28 LION FUND II, L.P. 10%+ Owner Buy +9,159 +$3.06M
2017-11-22 LION FUND II, L.P. 10%+ Owner Buy +6,216 +$2.07M
2017-11-08 BIGLARI CAPITAL CORP. 10%+ Owner Buy +5,508 +$1.84M
2017-10-16 LION FUND II, L.P. 10%+ Owner Buy +240 +$80.40K
2017-10-11 BIGLARI CAPITAL CORP. 10%+ Owner Buy +5,115 +$1.71M
2017-10-05 LION FUND II, L.P. 10%+ Owner Buy +633 +$211.32K
2016-08-10 LION FUND II, L.P. 10%+ Owner Buy +789 +$314.39K
2016-07-06 LION FUND II, L.P. 10%+ Owner Buy +1,701 +$679.81K
2016-06-30 LION FUND II, L.P. 10%+ Owner Buy +4,254 +$1.69M
2016-06-27 LION FUND II, L.P. 10%+ Owner Buy +954 +$380.28K
2016-06-22 LION FUND II, L.P. 10%+ Owner Buy +4,077 +$1.62M
2016-06-15 Sardar Biglari Director Buy +3,852 +$1.60M
2016-06-10 Sardar Biglari Director Buy +3,162 +$1.32M
2016-06-07 LION FUND II, L.P. 10%+ Owner Buy +4,479 +$1.87M
2016-06-03 Sardar Biglari Director Buy +3,972 +$1.65M
2016-06-01 LION FUND II, L.P. 10%+ Owner Buy +5,157 +$2.05M
2016-05-26 BIGLARI CAPITAL CORP. 10%+ Owner MIXED +102,432 +$3.55M
2016-03-18 Kenneth R Cooper Director Buy +10 +$3.68K
2016-02-05 LION FUND II, L.P. 10%+ Owner Buy +3,416 +$1.31M
2016-02-02 BIGLARI CAPITAL CORP. 10%+ Owner Buy +15,084 +$5.77M
2016-01-28 BIGLARI CAPITAL CORP. 10%+ Owner Buy +14,776 +$5.46M
2016-01-25 LION FUND, L.P. 10%+ Owner Buy +13,020 +$4.57M
2016-01-20 BIGLARI CAPITAL CORP. 10%+ Owner Buy +13,844 +$4.72M
2016-01-14 BIGLARI CAPITAL CORP. 10%+ Owner Buy +12,736 +$4.35M
2016-01-11 BIGLARI CAPITAL CORP. 10%+ Owner Buy +11,844 +$3.90M
2016-01-06 LION FUND II, L.P. 10%+ Owner Buy +11,280 +$3.74M
2015-07-06 BIGLARI CAPITAL CORP. 10%+ Owner Buy +2,465,248 +$1.04B
BH Insider Trading FAQ
Who are the insiders at BH?
No current Form 4 beneficial owners are on file for BH.
Are BH insiders buying or selling?
Across the 50 most recent Form 4 filings for BH, 49 were open-market purchases (code P) and 0 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.
How current is BH insider data?
Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent BH filing is dated 2018-03-08.
How to read Form 4 activity

Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.

Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.

Full filing history and per-insider positions are on the BH quote page; the site-wide leaderboard is on the insider transactions hub.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.