BH insider buying – Biglari Holdings Inc.
65 insider purchases since 2016 worth $92.6M by 6 different insiders. Last 12 months: 12 purchases, $27.9M. Most recent filing: 2026-11-13.
Small company Public float $268M (latest 10-K, SEC). Share prices of small companies usually swing much more than those of large ones, in both directions, and are easier to move with little trading.
Same time range as the chart above - each mark sits under the week of the trade. Circles = purchases (height = price paid, size = amount), red triangles = open-market sales of $50k+. Prices as reported, not adjusted for later stock splits. 30 older purchases (before the 5-year window) are listed in the table below.
Purchases are open-market buys (SEC Form 4, code "P") - insiders paying with their own money. Sales are open-market sales (code "S") of $50,000 or more; many sales are pre-planned (Rule 10b5-1) or made for taxes and diversification. Each row links to the original filing.
Bought, sold, still holding?
| Insider | Bought | First / last buy | Sold since 2016 | Holds now* | Status |
|---|---|---|---|---|---|
| BIGLARI, SARDAR (+2 related) Chairman and CEO, Director, 10% Owner | $35.1M 18× · 145,441 sh | 2019-11-18 2026-11-11 | – | 1,571,761 shares as of 2026-03-13 | Holds - never sold |
| LION FUND, L.P. CEO | $26.8M 11× · 113,404 sh | 2019-05-23 2026-05-12 | – | 1,610,084 shares as of 2026-05-14 | Holds - never sold |
| BIGLARI CAPITAL CORP. CEO | $19.1M 20× · 79,965 sh | 2018-12-11 2026-06-04 | – | 1,626,178 shares as of 2026-06-05 | Holds - never sold |
| LION FUND II, L.P. CEO | $11.6M 12× · 52,219 sh | 2019-06-06 2021-12-17 | – | 1,107,828 shares as of 2021-12-20 | Holds - never sold |
| Cardwell John Garrett Director | $89,246 4× · 650 sh | 2020-11-16 2021-08-12 | – | 700 shares as of 2021-08-13 | Holds - never sold |
* Shares held after the insider's most recent SEC filing for this company (all share classes, direct and indirect). If an insider stops filing, later changes are not known.
Insider buying and selling by year
| Year | Purchases | Bought | Buyers | Sales | Sold |
|---|---|---|---|---|---|
| 2026 | 7 | $22.6M | 4 | – | – |
| 2025 | 5 | $5.3M | 2 | – | – |
| 2024 | 12 | $18.8M | 3 | – | – |
| 2023 | 2 | $2.5M | 2 | – | – |
| 2021 | 14 | $16.8M | 5 | – | – |
| 2020 | 12 | $14.1M | 5 | – | – |
| 2019 | 11 | $11.4M | 4 | – | – |
| 2018 | 2 | $1.0M | 1 | – | – |
Insider purchases
| Filed | Insider | Role | Shares | Avg price | Value | Holdings | Filing |
|---|---|---|---|---|---|---|---|
| 2026-11-13 | BIGLARI, SARDAR (+2 related) | Chairman and CEO, Director, 10% Owner | 3,657 | $1,514.12 | $5.5M | +0% | SEC |
| 2026-06-05 | BIGLARI CAPITAL CORP. | CEO | 2,278 | $289.20 | $658,793 | +0.2% | SEC |
| 2026-05-14 | LION FUND, L.P. | CEO | 52,674 | $255.15 | $13.4M | +3.9% | SEC |
| 2026-03-13 | BIGLARI, SARDAR | CEO | 2,810 | $302.20 | $849,182 | +0.2% | SEC |
| 2026-03-09 | LION FUND, L.P. | CEO | 3,320 | $301.06 | $999,519 | +0.2% | SEC |
| 2026-03-06 | LION FUND, L.P. | CEO | 2,441 | $307.20 | $749,875 | +0.2% | SEC |
| 2026-03-03 | BIGLARI CAPITAL CORP. | CEO | 1,146 | $331.15 | $379,498 | +0.1% | SEC |
| 2025-12-17 | BIGLARI, SARDAR | CEO | 3,452 | $463.34 | $1.6M | +0.3% | SEC |
| 2025-12-16 | BIGLARI, SARDAR | CEO | 817 | $669.69 | $547,138 | +0.1% | SEC |
| 2025-12-10 | LION FUND, L.P. | CEO | 2,221 | $317.73 | $705,671 | +0.2% | SEC |
| 2025-12-05 | BIGLARI, SARDAR | CEO | 5,406 | $304.87 | $1.6M | +0.4% | SEC |
| 2025-11-24 | LION FUND, L.P. | CEO | 2,032 | $393.35 | $799,288 | +0.2% | SEC |
| 2024-12-19 | BIGLARI, SARDAR | CEO | 3,271 | $458.21 | $1.5M | +0.2% | SEC |
| 2024-12-16 | BIGLARI CAPITAL CORP. | CEO | 1,478 | $494.45 | $730,796 | +0.1% | SEC |
| 2024-12-09 | BIGLARI, SARDAR | CEO | 2,167 | $228.47 | $495,094 | +0.2% | SEC |
| 2024-12-04 | BIGLARI CAPITAL CORP. | CEO | 5,120 | $292.96 | $1.5M | +0.4% | SEC |
| 2024-11-29 | BIGLARI CAPITAL CORP. | CEO | 3,350 | $326.46 | $1.1M | +0.3% | SEC |
| 2024-11-22 | BIGLARI CAPITAL CORP. | CEO | 2,427 | $208.77 | $506,690 | +0.2% | SEC |
| 2024-11-19 | LION FUND, L.P. | CEO | 15,195 | $271.92 | $4.1M | +1.2% | SEC |
| 2024-11-14 | BIGLARI, SARDAR | CEO | 18,215 | $316.87 | $5.8M | +1.4% | SEC |
| 2024-03-18 | BIGLARI CAPITAL CORP. | CEO | 4,030 | $223.22 | $899,584 | +0.3% | SEC |
| 2024-03-14 | BIGLARI CAPITAL CORP. | CEO | 2,165 | $391.80 | $848,240 | +0.2% | SEC |
| 2024-03-11 | BIGLARI, SARDAR | CEO | 3,582 | $239.80 | $858,961 | +0.3% | SEC |
| 2024-03-06 | BIGLARI, SARDAR | CEO | 2,649 | $193.77 | $513,306 | +0.2% | SEC |
| 2023-12-15 | BIGLARI CAPITAL CORP. | CEO | 1,188 | $335.56 | $398,646 | +0.1% | SEC |
| 2023-12-13 | BIGLARI, SARDAR | CEO | 9,725 | $219.20 | $2.1M | +0.8% | SEC |
| 2021-12-20 | LION FUND II, L.P. | CEO | 10,072 | $148.68 | $1.5M | +1.1% | SEC |
| 2021-12-15 | LION FUND II, L.P. | CEO | 936 | $143.89 | $134,680 | +0.1% | SEC |
| 2021-11-24 | LION FUND, L.P. | CEO | 28,966 | $147.15 | $4.3M | +3.4% | SEC |
| 2021-08-13 | Cardwell John Garrett | Director | 200 | $172.31 | $34,462 | +40.0% | SEC |
| 2021-08-12 | BIGLARI CAPITAL CORP. | CEO | 14,555 | $247.05 | $3.6M | +1.7% | SEC |
| 2021-06-16 | LION FUND II, L.P. | CEO | 148 | $907.50 | $134,310 | +0.2% | SEC |
| 2021-06-14 | LION FUND II, L.P. | CEO | 820 | $910.24 | $746,395 | +1.0% | SEC |
| 2021-06-08 | LION FUND II, L.P. | CEO | 1,775 | $859.13 | $1.5M | +2.2% | SEC |
| 2021-06-02 | BIGLARI CAPITAL CORP. | CEO | 719 | $845.22 | $607,716 | +0.9% | SEC |
| 2021-05-19 | LION FUND, L.P. | CEO | 135 | $770.00 | $103,950 | +0.2% | SEC |
| 2021-05-13 | BIGLARI, SARDAR | CEO | 20,000 | $170.69 | $3.4M | +2.4% | SEC |
| 2021-03-15 | LION FUND II, L.P. | CEO | 275 | $747.36 | $205,524 | +0.4% | SEC |
| 2021-03-15 | Cardwell John Garrett | Director | 150 | $149.80 | $22,470 | +50.0% | SEC |
| 2021-03-08 | BIGLARI CAPITAL CORP. | CEO | 2,269 | $240.90 | $546,609 | +0.3% | SEC |
Showing the latest 40 of 65 purchases.
Compiled automatically from public SEC filings. Not investment advice. Get every new insider purchase in the daily report.
Get every new insider purchase the day it's filed
Daily report with all SEC insider buys, cluster buys, company events and the crypto money-flow radar.
Get started free