{"url_path":"/sec/bh/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1726173/0001628280-26-032880-index.html","accession_number":"0001628280-26-032880","cik":"0001726173","ticker":"BH-A","issuer_name":"Biglari Holdings Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1726173/0001628280-26-032880-index.html","primary_entity_key":"0001726173","primary_entity_name":"Biglari Holdings Inc."},"word_count":152,"has_tables":true,"body_markdown":"ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS\n\nFrom March 3, 2026 through March 13, 2026, The Lion Fund, L.P., purchased 9,717 shares of Class B common stock. 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.\n\nTotal Number of Class A Shares PurchasedAverage Price Paid per Class A ShareTotal Number of Class B Shares PurchasedAverage Price Paid per Class B ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsMaximum Number of Shares That May Yet Be Purchased Under Plans or Programs\n\nJanuary 1, 2026 - January 31, 2026— $— — $— — — \n\nFebruary 1, 2026 - February 28, 2026— $— — $— — — \n\nMarch 1, 2026 - March 31, 2026— $— 9,717 $306.51 — — \n\nTotal — 9,717 —"}