Lion Fund, L.p. bought $165K of BH

bought $165.15k of BH

798 shares @ $206.95

Increased holdings by +0.10%

88th largest trade (out of 162)

Cluster BuyPositive 90D History

Trade made by a 10% owner

Part of a cluster of 29 transactions by 3 insiders

Unscheduled trade

80% win rate · +4.9% median edge vs SPY (116 trades, 90-day)

Price 11% above 200-day moving average

BHBiglari Holdings Inc.

Consumer DiscretionaryRestaurants

1D0.00%

1W-3.37%

1M+13.50%

3M+23.90%

6M—

1Y—

Recent insider activity at BH