Stock Trading Canary

United States · SEC Form 4 · Snapshot date: 2026-10-18 · Built: 2026-10-18 · 中文

← United States · Coverage record

US · SEC FORM 4

Biglari Holdings Inc.

BH · NYSE · CIK 0001726173 · Consumer Cyclical · Restaurants

INSIDER SIGNAL

54.3 / 100

1 buyers · 5 purchase transaction lines · $14.1M gross purchase

WHY THIS SIGNAL?

Buyer breadthLow
Purchase sizeStrong
RoleModerate
RecencyLow
ConvictionStrong
Score anatomy

Each bar shows the contribution to the current score; the weights and formula stay unchanged.

Cluster+7.0 / 35
Purchase size+23.3 / 25
Role+13.0 / 20
Recency+1.1 / 10
Conviction+10.0 / 10

What is holding the score back?

  • ⚠ Cluster breadth is moderate · 1 insider(s), not 4+
  • ⚠ Role scores low · most senior buyer: Chairman and CEO (CEO, chair and 10% owners score lowest)
  • ⚠ Purchase activity is becoming less recent

Purchase-size comments are relative to the model scale. Average daily volume is a separate market-context diagnostic.

US-v1.2 ranks qualifying equity purchases under the current 180-day rules. The score is a research priority, not a return forecast or probability. Backtests have not shown that a higher US score is followed by better returns.

Insider activity timeline

Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.

AprMayJunJulAugSepOct
BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Chairman and CEO
●●●●●
● Purchase▼ Sale○ Other

—

Purchase breadth & concentration

QUALIFYING BUYERS1
PURCHASE CONCENTRATION100%Largest buyer: BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P. · $14.1M
CLUSTER BUYING · 15D1 insiderPeak activity: 2026-05-12–2026-05-14

Roles in the peak window: Chairman and CEO. Concentration uses priced qualifying P lines only and does not change the saved score.

SIGNAL HISTORY

54.3 / 100

Latest recorded score

↓ -0.1 ptsversus the previous recorded snapshot
  1. 54.5
  2. 54.5
  3. 54.4
  4. 54.4
  5. 54.3

Only scores saved when a full US scoring run completed are shown; gaps are not reconstructed.

Recent Form 4 activity

23Purchases
0Sales
0Other Form 4 lines
11SEC filings · 365 days
BUYING5 qualifying P line(s) · 180 days
SELLING0 sale line(s) · context only
OTHER0 exercise / withholding / award / gift / other lines
10b5-1 / PLANNEDNot assessed

P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.

Market context

Market context provides additional background on recent price performance and risk. It does not affect the Insider Signal.

Price performance

1M
-0.1%
3M
-6.7%
6M
+11.6%
12M
+5.9%

Volatility & liquidity

Volatility
45.8%
Beta
—
Avg daily value
USD 56.6M

Valuation

Market cap
—
P/E
—

Fundamentals

Profit margin
-9.5%
ROE
-7.2%
Industry
Restaurants

Market data

Price data up to: 2026-10-11 · Price source: OpenBB/yfinance; volume from price cache (yfinance) · From SEC filings: Profit margin, ROE · Fiscal year ended: 2025-12-31 · Status: PASS

Short interest

Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.

Shares short
159,785
Previous report
158,600
Avg daily volume
112,820
Days to cover
1.4

FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.

Historical equity purchases

Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.

Transaction dateReporting ownerTypeSecuritySharesAvg. priceApprox. valueSource
2026-06-05BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock535USD 297.14USD 158,970SEC filing ↗
2026-06-04BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock1,743USD 286.76USD 499,823SEC filing ↗
2026-05-14BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock14,351USD 258.06USD 3,703,419SEC filing ↗
2026-05-13BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock15,358USD 260.36USD 3,998,609SEC filing ↗
2026-05-12BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock22,965USD 249.84USD 5,737,576SEC filing ↗
2026-03-13BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock2,810USD 302.20USD 849,182SEC filing ↗
2026-03-09BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock3,320USD 301.06USD 999,519SEC filing ↗
2026-03-06BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock2,441USD 307.20USD 749,875SEC filing ↗
2026-03-03BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock1,146USD 331.15USD 379,498SEC filing ↗
2025-12-17BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock3,084USD 323.71USD 998,322SEC filing ↗
2025-12-17BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class A common stock368USD 1,633.52USD 601,135SEC filing ↗
2025-12-16BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class A common stock156USD 1,599.87USD 249,580SEC filing ↗
2025-12-15BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock152USD 328.00USD 49,856SEC filing ↗
2025-12-15BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class A common stock60USD 1,635.37USD 98,122SEC filing ↗
2025-12-12BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock449USD 333.14USD 149,580SEC filing ↗

Form 4 evidence

23 transaction lines in the latest 365-day window; 166 in local history.

DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-06-05BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock535USD 297.14USD 158,970SEC filing ↗
2026-06-04BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock1,743USD 286.76USD 499,823SEC filing ↗
2026-05-14BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock14,351USD 258.06USD 3,703,419SEC filing ↗
Show recent Form 4 evidence (23 grouped rows)
DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-06-05BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock535USD 297.14USD 158,970SEC filing ↗
2026-06-04BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock1,743USD 286.76USD 499,823SEC filing ↗
2026-05-14BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock14,351USD 258.06USD 3,703,419SEC filing ↗
2026-05-13BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock15,358USD 260.36USD 3,998,609SEC filing ↗
2026-05-12BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock22,965USD 249.84USD 5,737,576SEC filing ↗
2026-03-13BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock2,810USD 302.20USD 849,182SEC filing ↗
2026-03-09BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock3,320USD 301.06USD 999,519SEC filing ↗
2026-03-06BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock2,441USD 307.20USD 749,875SEC filing ↗
2026-03-03BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock1,146USD 331.15USD 379,498SEC filing ↗
2025-12-17BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock3,084USD 323.71USD 998,322SEC filing ↗
2025-12-17BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class A common stock368USD 1,633.52USD 601,135SEC filing ↗
2025-12-16BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class A common stock156USD 1,599.87USD 249,580SEC filing ↗
2025-12-15BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock152USD 328.00USD 49,856SEC filing ↗
2025-12-15BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class A common stock60USD 1,635.37USD 98,122SEC filing ↗
2025-12-12BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock449USD 333.14USD 149,580SEC filing ↗
2025-12-10BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock310USD 321.94USD 99,801SEC filing ↗
2025-12-09BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock938USD 319.08USD 299,297SEC filing ↗
2025-12-08BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock973USD 315.08USD 306,573SEC filing ↗
2025-12-05BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock1,465USD 306.90USD 449,608SEC filing ↗
2025-12-04BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock1,139USD 306.05USD 348,591SEC filing ↗
2025-12-03BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock2,802USD 303.32USD 849,903SEC filing ↗
2025-11-24BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class B common stock1,819USD 274.74USD 499,752SEC filing ↗
2025-11-24BIGLARI CAPITAL CORP.; BIGLARI, SARDAR; LION FUND, L.P.Purchase (P)Class A common stock213USD 1,406.27USD 299,536SEC filing ↗

Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.

Snapshot & identity

Snapshot date2026-10-18
Ranking versionUS-v1.2
Data qualityPASS ELIGIBLE · —
TickerBH
CIK0001726173
SectorConsumer Cyclical
IndustryRestaurants Yahoo Finance
SEC SIC5812 Retail-Eating Places
ExchangeNYSE

Data coverage

Local Form 4 history166 transaction lines from 2020-03-23 to 2026-06-05
162 P purchase lines · 0 S sale lines · 4 other lines
SEC company submissionsOpen SEC filings ↗

Local ledger as of 2026-10-18. Mapping status is an audit field and does not erase SEC filing evidence.