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Sardar Biglari bought $13M of BH-A

Chairman and CEO at Biglari Holdings Inc.. 52,674 shares at an average of $255.15, traded May 12, 2026, filed May 14, 2026.

Conviction score
63
Value
$13M
52,674 shares
Holdings after
1,398,104
+4% from before
From 52-week low
+16%
low $1,160.12, close $1,346.96
From 52-week high
-45%
high $2,462.99, as of May 12, 2026

Score components

  • Role
    CEO
    +25
  • Trade size
    $13.4M at market
    +25
  • Relative to holdings
    Holdings up 3.9%
    0
  • Price context
    45% below the 52-week high
    +8
  • Cluster
    No other insider buying within 14 days
    0
  • Repeat buying
    5 buys in 90 days
    +5
  • Track record
    Too few past buys to judge (2 with prices)
    0

What happened after comparable buys

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +31.6%, 3m +41.3%, 6m -.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

BH-AOct 9, 2026 · close 1,799
Since filing May 14, 2026: +32.9%SPY +4.6% · excess +28.3%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0000921895-26-001333, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 12, 2026POpen-market purchase
Class B common stockindirect: By The Lion Fund, L.P.
+22,965$249.84$5.7M1,368,395May 14, 2026
May 13, 2026POpen-market purchase
Class B common stockindirect: By The Lion Fund, L.P.
+15,358$260.36$4.0M1,383,753May 14, 2026
May 14, 2026POpen-market purchase
Class B common stockindirect: By The Lion Fund, L.P.
+14,351$258.06$3.7M1,398,104May 14, 2026

Related signals

Other insiders at Biglari Holdings Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
63Notable
BH-Abuy
Biglari Holdings Inc.
Sardar Biglari
Chairman and CEO
$659k
2,278 shares
+0%
56Moderate
BH-Abuy
Biglari Holdings Inc.
Sardar Biglari
Chairman and CEO
$849k
2,810 shares
+0%
58Moderate
BH-Abuy
Biglari Holdings Inc.
Sardar Biglari
Chairman and CEO
$1000k
3,320 shares
+0%
54Moderate
BH-Abuy
Biglari Holdings Inc.
Sardar Biglari
Chairman and CEO
$750k
2,441 shares
+0%
45Moderate
BH-Abuy
Biglari Holdings Inc.
Sardar Biglari
Chairman and CEO
$379k
1,146 shares
+0%
50Moderate
BH-Abuy
Biglari Holdings Inc.
Sardar Biglari
Chairman and CEO
$1.6M
3,452 shares
+0%
44Moderate
BH-Abuy
Biglari Holdings Inc.
Sardar Biglari
Chairman and CEO
$547k
817 shares
+0%
46Moderate
BH-Abuy
Biglari Holdings Inc.
Sardar Biglari
Chairman and CEO
$706k
2,221 shares
+0%
50Moderate
BH-Abuy
Biglari Holdings Inc.
Sardar Biglari
Chairman and CEO
$1.6M
5,406 shares
+0%
47Moderate
BH-Abuy
Biglari Holdings Inc.
Sardar Biglari
Chairman and CEO
$799k
2,032 shares
+2%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.