Lion Fund, L.p. bought $1000K of BH

bought $999.52k of BH

3,320 shares @ $301.06

Increased holdings by +0.20%

18th largest trade (out of 162)

Cluster BuyPositive 90D History

Trade made by a 10% owner

Part of a cluster of 9 transactions by 3 insiders

Unscheduled trade

71% win rate · +3.6% median edge vs SPY (150 trades, 90-day)

Price 7% below 200-day moving average

BHBiglari Holdings Inc.

Consumer DiscretionaryRestaurants

1D0.00%

1W-7.60%

1M+8.53%

3M+18.47%

6M—

1Y—

Recent insider activity at BH