• Biglari Holdings Chairman and CEO Sardar Biglari reported indirectly acquiring 3,029 Class A common shares through The Lion Fund.
• Purchases comprised 1,017 shares at $1,727.65 per share and 2,012 shares at $1,767.99 per share.
• The Lion Fund also purchased 628 Class B common shares at $354.95 per share.
• The fund's holdings rose to 131,840 Class A common shares and 1,401,010 Class B common shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Biglari Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000921895-26-003050), on November 13, 2026, and is solely responsible for the information contained therein.