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.
| Filed | Insider | Role | Type | Shares | Value |
|---|---|---|---|---|---|
| 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 |
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.