SCHEDULE 13D/A
0000921895-07-001860
0001334426
XXXXXXXX
LIVE
49
Class A Common Stock, No Par Value
12/17/2024
false
0001726173
08986R408
Biglari Holdings Inc.
19100 RIDGEWOOD PKWY, SUITE 1200
SAN ANTONIO
TX
78259
Sardar Biglari
210-344-3400
Biglari Capital Corp.
19100 Ridgewood Parkway, Suite 1200
San Antonio
TX
78259
0001334430
N
BIGLARI, SARDAR
AF
PF
OO
N
X1
153677.90
0.00
153677.90
0.00
153677.90
N
74.3
IN
0001334426
N
LION FUND, L.P.
AF
WC
OO
N
DE
128014.70
0.00
128014.70
0.00
128014.70
N
61.9
PN
0001334429
N
BIGLARI CAPITAL CORP.
AF
OO
N
TX
153677.80
0.00
153677.80
0.00
153677.80
N
74.3
OO
Class A Common Stock, No Par Value
Biglari Holdings Inc.
19100 RIDGEWOOD PKWY, SUITE 1200
SAN ANTONIO
TX
78259
Item 3 is hereby amended and supplemented as follows:
Subsequent to filing Amendment No. 48 to the Schedule 13D, the Lion Fund acquired an aggregate of 2,314 Shares for an aggregate cost of approximately $2,640,760. The Shares purchased by the Lion Fund were purchased with its working capital in open market purchases.
Items 5(a) is hereby amended and restated to read as follows:
The aggregate percentage of Shares reported owned by the Reporting Persons is based upon 206,864 Shares outstanding, which is the total number of Shares outstanding as of November 5, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2024.
The filing of this Schedule 13D shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any Shares he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that he or it does not directly own.
Items 5(b) is hereby amended and restated to read as follows:
As of the close of business on December 20, 2024, (i) the Lion Fund owned directly 128,014.7 Shares, constituting approximately 61.9% of the Shares outstanding; (ii) BCC owned directly 25,663.1 Shares, and by virtue of its relationship with the Lion Fund, BCC may be deemed to beneficially own the 128,014.7 Shares owned directly by the Lion Fund, constituting approximately 74.3% of the Shares outstanding; and (iii) Mr. Biglari owned directly 0.1 Share, and by virtue of his relationship with the other Reporting Persons, Mr. Biglari may be deemed to beneficially own, and have the sole power to vote and dispose of, the 128,014.7 Shares owned directly by the Lion Fund and the 25,663.1 Shares owned directly by BCC, constituting approximately 74.3% of the Shares outstanding.
Items 5(c) is hereby amended and restated to read as follows:
Exhibit 1 annexed hereto lists all transactions in securities of the Issuer by the Reporting Persons since the filing of Amendment No. 48 to the Schedule 13D.
1 - Transactions in Securities
BIGLARI, SARDAR
/s/ Sardar Biglari
12/20/2024
LION FUND, L.P.
/s/ Sardar Biglari
12/20/2024
BIGLARI CAPITAL CORP.
/s/ Sardar Biglari
12/20/2024