Are insiders buying BH stock?

Yes — 3 distinct insiders have bought BH (Biglari Holdings Inc.) on the open market, including 2 cluster buys where two or more insiders bought within a rolling window. The most recent qualifying activity was Jun 5, 2026.

How much BH stock have insiders bought?

Insiders have bought a combined $32.3M of BH across 34 open-market purchases, based on SEC Form 4 filings.

What is an insider cluster buy in BH?

A cluster buy is two or more distinct Biglari Holdings Inc. insiders — officers, directors, or 10% owners — each buying BH on the open market within a rolling window. BH has 2 detected cluster buys to date.

Where does this BH insider trading data come from?

Every figure is parsed directly from SEC Form 4 filings on EDGAR, and each purchase on this page links back to its original filing document.

BH insider buying

2 cluster buys

Biglari Holdings Inc. · Consumer Discretionary

When two or more insiders at Biglari Holdings Inc. buy BH on the open market around the same time, that clustered conviction is one of the highest-signal patterns in SEC filing data. Below is every cluster we've detected in BH plus the full record of qualifying open-market buys, each parsed directly from Form 4 filings and linked back to the source on SEC EDGAR.

Clusters

Distinct insiders

Total bought

$32.3M

Market cap

$1.3B

Detected clusters

Mar 3 – Mar 13, 2026
Detected Mar 13, 2026
High conviction3 insiders
Total bought
$3.0M
Market cap
$1.3B
Nov 12 – Dec 17, 2024
Detected Dec 17, 2024
High conviction3 insiders
Total bought
$11.3M
Market cap
$1.3B

All notable open-market buys in BH

Every open-market Form 4 purchase, newest first. Click an insider to see their full buying record across companies.

Date	Insider	Shares	Price	Value	Filing
Jun 5, 2026	BIGLARI, SARDAR Director, Chairman and CEO, 10% Owner	535	$297.14	$159.0K	SEC ↗
Jun 4, 2026	BIGLARI, SARDAR Director, Chairman and CEO, 10% Owner	1,743	$286.76	$499.8K	SEC ↗
May 14, 2026	BIGLARI, SARDAR Director, Chairman and CEO, 10% Owner	14,351	$258.06	$3.7M	SEC ↗
May 13, 2026	BIGLARI, SARDAR Director, Chairman and CEO, 10% Owner	15,358	$260.36	$4.0M	SEC ↗
May 12, 2026	BIGLARI, SARDAR Director, Chairman and CEO, 10% Owner	22,965	$249.84	$5.7M	SEC ↗
Mar 13, 2026	BIGLARI, SARDARcluster Director, Chairman and CEO, 10% Owner	2,810	$302.20	$849.2K	SEC ↗
Mar 9, 2026	LION FUND, L.P.cluster 10% Owner	3,320	$301.06	$999.5K	SEC ↗
Mar 6, 2026	LION FUND, L.P.cluster 10% Owner	2,441	$307.20	$749.9K	SEC ↗
Mar 3, 2026	BIGLARI CAPITAL CORP.cluster 10% Owner	1,146	$331.15	$379.5K	SEC ↗
Dec 17, 2025	BIGLARI, SARDAR Director, Chairman and CEO, 10% Owner	3,084	$323.71	$998.3K	SEC ↗
Dec 12, 2025	BIGLARI, SARDAR Director, Chairman and CEO, 10% Owner	449	$333.14	$149.6K	SEC ↗
Dec 9, 2025	LION FUND, L.P. 10% Owner	938	$319.08	$299.3K	SEC ↗
Dec 8, 2025	LION FUND, L.P. 10% Owner	973	$315.08	$306.6K	SEC ↗
Dec 5, 2025	BIGLARI, SARDAR Director, Chairman and CEO, 10% Owner	1,465	$306.90	$449.6K	SEC ↗
Dec 4, 2025	BIGLARI, SARDAR Director, Chairman and CEO, 10% Owner	1,139	$306.05	$348.6K	SEC ↗
Dec 3, 2025	BIGLARI, SARDAR Director, Chairman and CEO, 10% Owner	2,802	$303.32	$849.9K	SEC ↗
Nov 24, 2025	LION FUND, L.P. 10% Owner	1,819	$274.74	$499.8K	SEC ↗
Dec 17, 2024	BIGLARI, SARDARcluster Director, Chairman and CEO, 10% Owner	2,589	$249.55	$646.1K	SEC ↗
Dec 16, 2024	BIGLARI CAPITAL CORP.cluster 10% Owner	703	$234.12	$164.6K	SEC ↗
Dec 5, 2024	BIGLARI, SARDARcluster Director, Chairman and CEO, 10% Owner	2,167	$228.47	$495.1K	SEC ↗
Dec 3, 2024	BIGLARI CAPITAL CORP.cluster 10% Owner	2,667	$223.47	$596.0K	SEC ↗
Dec 2, 2024	BIGLARI CAPITAL CORP.cluster 10% Owner	1,591	$217.16	$345.5K	SEC ↗
Nov 27, 2024	BIGLARI CAPITAL CORP.cluster 10% Owner	2,095	$212.54	$445.3K	SEC ↗
Nov 26, 2024	BIGLARI CAPITAL CORP.cluster 10% Owner	798	$206.95	$165.1K	SEC ↗
Nov 21, 2024	BIGLARI CAPITAL CORP.cluster 10% Owner	1,186	$207.46	$246.0K	SEC ↗

9 earlier buys hidden — sign in free to see the full history.

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BH insider buying — FAQ

Are insiders buying BH stock?: Yes — 3 distinct insiders have bought BH (Biglari Holdings Inc.) on the open market, including 2 cluster buys where two or more insiders bought within a rolling window. The most recent qualifying activity was Jun 5, 2026.
How much BH stock have insiders bought?: Insiders have bought a combined $32.3M of BH across 34 open-market purchases, based on SEC Form 4 filings.
What is an insider cluster buy in BH?: A cluster buy is two or more distinct Biglari Holdings Inc. insiders — officers, directors, or 10% owners — each buying BH on the open market within a rolling window. BH has 2 detected cluster buys to date.
Where does this BH insider trading data come from?: Every figure is parsed directly from SEC Form 4 filings on EDGAR, and each purchase on this page links back to its original filing document.

How we track insider buying in BH

We continuously poll SEC EDGAR for new Form 4 filings and parse every open-market purchase (transaction code P). A cluster is recorded when two or more distinct insiders — officers, directors, or 10% owners — each buy BH within a rolling window. We track clusters at every company size, from micro-caps to mega-caps. Every figure on this page traces back to an official filing; open any row to jump straight to the source document. What counts as a cluster buy?

This page is informational and reflects public filing data. It is not investment advice or a recommendation regarding BH.