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Market Information
−Removed: Biglari Holdings’ Class A common stock and Class B common stock are listed for trading on the NYSE, trading symbol:
+Added: Biglari Holdings’ Class A common stock and Class B common stock are listed for trading on the NYSE and NYSE Texas, trading symbol:
BH.A and BH, respectively.
−Removed: Biglari Holdings had 1,403 beneficial shareholders of its Class A common stock and 4,348 beneficial shareholders of its Class B common stock as of February 6, 2025.
+Added: Biglari Holdings had 1,476 beneficial shareholders of its Class A common stock and 4,558 beneficial shareholders of its Class B common stock as of January 28, 2026.
Biglari Holdings has never declared a dividend.
Issuer Purchases of Equity Securities
−Removed: From November 12, 2024 through December 17, 2024, The Lion Fund, L.P.
−Removed: purchased 5,857 shares of Class A common stock and 45,366 shares of Class B common stock.
−Removed: The Lion Fund, L.P.
−Removed: may be deemed an “affiliated purchaser” as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as amended.
+Added: From November 24, 2025 through December 17, 2025, The Lion Fund, L.P., purchased 797 shares of Class A common stock and 13,131 shares of Class B common stock.
+Added: The Lion Fund, L.P., may be deemed an “affiliated purchaser” as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as amended.
The purchases were made through open market transactions.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.