Fund moves
72.1%Stake
A Schedule 13D means the holder owns more than 5% and keeps the option to push for changes: board seats, a sale, buybacks. It must be filed within 5 business days.
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Traded Nov 12, 2026 · Filed Nov 13, 2026
The CEO of Biglari paid $223K out of pocket for Biglari shares.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell.
open market purchase
Code P — open-market or private purchase
~$222,909
Shares × reported transaction price
$100K–$500K
First purchase in 0 months
Confirmed open-market purchases by the same insider in the available history
No
Compared with 35 earlier confirmed purchases
No other insider purchases within 30 days
Distinct insiders at the same issuer with confirmed open-market purchases
This purchase equals about 25% of the CEO's reported total pay for fiscal 2025 ($900K)
Purchase value ÷ the CEO's total from the Summary Compensation Table, as tagged in the pay versus performance table of the company's proxy statement (DEF 14A), filed 2026-03-11. The proxy names Sardar Biglari as CEO for that year. A size comparison, not a judgement
6 days after results of Nov 6, 2026
Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results
Closed at $362.31 on Nov 12, 2026, 46% above its 52-week low and 24% below its high, after a 1% rise over the previous 30 trading days
52-week range $247.83 (May 11, 2026) to $476.92 (Jan 21, 2026), 50% of the way up, from 250 adjusted closes. 30 trading days earlier: $357.19 on Oct 1, 2026. Describes the past only, not a forecast
None found in footnotes
Only flagged when a footnote says so; never inferred
The first open-market purchase by any BH insider since Dec 2024
Compared with every open-market purchase and sale of this company in SEC filings since 2006. A fact about the record, not a signal to trade
Fund moves
A Schedule 13D means the holder owns more than 5% and keeps the option to push for changes: board seats, a sale, buybacks. It must be filed within 5 business days.
Insider buying
Traded Nov 12 · filed 1 day later
The CEO of Biglari paid $3.56M out of pocket for Biglari shares.
Insider buying
First insider buy since Dec 2024Traded Nov 11 · filed 2 days later
The CEO of Biglari paid $1.76M out of pocket for Biglari shares. It was the first purchase in 23 months.
Every dated public record OQRO holds about the company from 60 days before to 120 days after, oldest first. It shows what was going on; none of it is a stated reason for the trade.
Sardar Biglari,, Chairman and CEO's past purchases, 90 days after disclosure: 8 buys, median +5.3 pts vs S&P 500, beat it 5 of 8 times. Past results, not a forecast.