BIGLARI, SARDAR purchased ~$4.0M in Biglari Holdings Inc. stock
Biglari Holdings Inc. (BH) · Chairman and CEO · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
Trade Details · Public SEC Filing
Insider
BIGLARI, SARDAR
Role
Chairman and CEO
Transaction
Open-Market Purchase
Approx. Value
~$4.0M
Trade Date
May 13, 2026
Company
Biglari Holdings Inc.
Ticker
BHSource
SEC EDGAR Form 4
Why This Trade Stands Out
Very Strong conviction signal
Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.
~$4.0M purchase
Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.
Chairman and CEO
CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.
How good is BIGLARI, SARDAR at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
On May 13, 2026, BIGLARI, SARDAR — Chairman and CEO of Biglari Holdings Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$4.0M in Biglari Holdings Inc. (BH) stock.
Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.
VeritySignals Conviction Analysis
Full Conviction Analysis
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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
More BH Insider Activity
BIGLARI, SARDAR
Jun 5, 2026
~$159K
STRONG
BIGLARI, SARDAR
Jun 4, 2026
~$500K
STRONG
BIGLARI, SARDAR
May 14, 2026
~$3.7M
VS
BIGLARI, SARDAR
May 14, 2026
~$40M
VS
How to Read Insider Trades
What is this?
When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.
Why does it matter?
Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.
What makes a trade "strong"?
We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.
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