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organization · Reporting owner

LION FUND II, L.P.

Disclosed activity across 5 companies

Tapewire entity
24688
SEC CIK
0001580602

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
BIGLARI HOLDINGS INC.BH · Entity 16856510% ownerMarch 06, 2018March 08, 2018
Biglari Holdings Inc.BH · Entity 480910% ownerJune 08, 2022June 10, 2022
El Pollo Loco Holdings, Inc.LOCO · Entity 553210% ownerAugust 07, 2026August 11, 2026

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

BIGLARI HOLDINGS INC.

Report date March 06, 2018 · Filed March 08, 2018

Jointly reported with BIGLARI, SARDAR, BIGLARI CAPITAL CORP.

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common Stock, stated value $0.50 per shareSEC Table I · non-derivativeIndirectBy The Lion Fund II, L.P.726,218 Last balance in matching sequence After 2018-03-08 transaction · row 3 Source-order balances reconcile. Account continuity and personal attribution are not independently verified.
3 source rows

Row 1 · 2018-03-06 · Purchase · Acquired 687 · Balance 725,068

F1: These transactions were effected pursuant to a Rule 10b5-1 trading plan.

F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $418.12 to $420.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F3: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp ("BCC") is the general partner of the Lion Fund II. Sardar Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Row 2 · 2018-03-07 · Purchase · Acquired 1,061 · Balance 726,129

F1: These transactions were effected pursuant to a Rule 10b5-1 trading plan.

F4: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $414.80 to $420.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F3: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp ("BCC") is the general partner of the Lion Fund II. Sardar Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Row 3 · 2018-03-08 · Purchase · Acquired 89 · Balance 726,218

F1: These transactions were effected pursuant to a Rule 10b5-1 trading plan.

F3: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp ("BCC") is the general partner of the Lion Fund II. Sardar Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Common Stock, stated value $0.50 per shareSEC Table I · non-derivativeDirect1 Reported balance Holding disclosure · report date 2018-03-06 · row 4 Holding and transaction disclosures are not merged.
1 source row

Row 4 · Balance 1

Common Stock, stated value $0.50 per shareSEC Table I · non-derivativeIndirectSee Footnote.31,018 Reported balance Holding disclosure · report date 2018-03-06 · row 5 Holding and transaction disclosures are not merged.
1 source row

Row 5 · Balance 31,018

F5: Shares owned directly by BCC. Mr. Biglari may be deemed a beneficial owner of the shares of Common Stock of the Issuer owned directly by BCC.

Common Stock, stated value $0.50 per shareSEC Table I · non-derivativeIndirectBy The Lion Fund, L.P.365,726 Reported balance Holding disclosure · report date 2018-03-06 · row 6 Holding and transaction disclosures are not merged.
1 source row

Row 6 · Balance 365,726

F6: Shares owned directly by the The Lion Fund, L.P. (the "Lion Fund I"). BCC is the general partner of the Lion Fund I. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund I.

Filing footnotes · ownership attribution and instrument terms

F1: These transactions were effected pursuant to a Rule 10b5-1 trading plan.

F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $418.12 to $420.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F3: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp ("BCC") is the general partner of the Lion Fund II. Sardar Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

F4: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $414.80 to $420.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F5: Shares owned directly by BCC. Mr. Biglari may be deemed a beneficial owner of the shares of Common Stock of the Issuer owned directly by BCC.

F6: Shares owned directly by the The Lion Fund, L.P. (the "Lion Fund I"). BCC is the general partner of the Lion Fund I. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund I.

Biglari Holdings Inc.

Report date June 08, 2022 · Filed June 10, 2022

Jointly reported with BIGLARI, SARDAR, BIGLARI CAPITAL CORP., LION FUND, L.P.

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Class A common stockSEC Table I · non-derivativeIndirectBy The Lion Fund II, L.P.0 Reported balance After 2022-06-08 transaction · row 3 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes.
1 source row

Row 3 · 2022-06-08 · Other · Disposed 83,465 · Balance 0

F4: The Lion Fund II transferred 83,465 shares of Class A common stock and 890,272 shares of Class B common stock held by it to the Lion Fund in a transaction exempt from Section 16, pursuant to Rule 16a-13 or otherwise.

F2: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

Class A common stockSEC Table I · non-derivativeIndirectBy The Lion Fund, L.P.120,036.7 Reported balance After 2022-06-08 transaction · row 4 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes.
1 source row

Row 4 · 2022-06-08 · Other · Acquired 83,465 · Balance 120,036.7

F4: The Lion Fund II transferred 83,465 shares of Class A common stock and 890,272 shares of Class B common stock held by it to the Lion Fund in a transaction exempt from Section 16, pursuant to Rule 16a-13 or otherwise.

F3: Shares owned directly by The Lion Fund, L.P. (the "Lion Fund"). BCC is the general partner of the Lion Fund. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund.

Class B common stockSEC Table I · non-derivativeIndirectBy The Lion Fund II, L.P.0 Reported balance After 2022-06-08 transaction · row 7 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes.
1 source row

Row 7 · 2022-06-08 · Other · Disposed 890,272 · Balance 0

F4: The Lion Fund II transferred 83,465 shares of Class A common stock and 890,272 shares of Class B common stock held by it to the Lion Fund in a transaction exempt from Section 16, pursuant to Rule 16a-13 or otherwise.

F2: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

Class B common stockSEC Table I · non-derivativeIndirectBy The Lion Fund, L.P.1,255,998 Reported balance After 2022-06-08 transaction · row 8 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes.
1 source row

Row 8 · 2022-06-08 · Other · Acquired 890,272 · Balance 1,255,998

F4: The Lion Fund II transferred 83,465 shares of Class A common stock and 890,272 shares of Class B common stock held by it to the Lion Fund in a transaction exempt from Section 16, pursuant to Rule 16a-13 or otherwise.

F3: Shares owned directly by The Lion Fund, L.P. (the "Lion Fund"). BCC is the general partner of the Lion Fund. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund.

Class A common stockSEC Table I · non-derivativeDirect0.1 Reported balance Holding disclosure · report date 2022-06-08 · row 1 Holding and transaction disclosures are not merged.
1 source row

Row 1 · Balance 0.1

Class A common stockSEC Table I · non-derivativeIndirectBy Biglari Capital Corp.25,663.1 Reported balance Holding disclosure · report date 2022-06-08 · row 2 Holding and transaction disclosures are not merged.
1 source row

Row 2 · Balance 25,663.1

F1: Shares owned directly by Biglari Capital Corp. ("BCC"), including shares of Class A and Class B common stock of the Issuer transferred for no consideration by Sardar Biglari to BCC. Mr. Biglari may be deemed a beneficial owner of the shares of Class A and Class B common stock of the Issuer owned directly by BCC.

Class B common stockSEC Table I · non-derivativeDirect1 Reported balance Holding disclosure · report date 2022-06-08 · row 5 Holding and transaction disclosures are not merged.
1 source row

Row 5 · Balance 1

Class B common stockSEC Table I · non-derivativeIndirectBy Biglari Capital Corp.71,855 Reported balance Holding disclosure · report date 2022-06-08 · row 6 Holding and transaction disclosures are not merged.
1 source row

Row 6 · Balance 71,855

F1: Shares owned directly by Biglari Capital Corp. ("BCC"), including shares of Class A and Class B common stock of the Issuer transferred for no consideration by Sardar Biglari to BCC. Mr. Biglari may be deemed a beneficial owner of the shares of Class A and Class B common stock of the Issuer owned directly by BCC.

Filing footnotes · ownership attribution and instrument terms

F1: Shares owned directly by Biglari Capital Corp. ("BCC"), including shares of Class A and Class B common stock of the Issuer transferred for no consideration by Sardar Biglari to BCC. Mr. Biglari may be deemed a beneficial owner of the shares of Class A and Class B common stock of the Issuer owned directly by BCC.

F2: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

F3: Shares owned directly by The Lion Fund, L.P. (the "Lion Fund"). BCC is the general partner of the Lion Fund. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund.

F4: The Lion Fund II transferred 83,465 shares of Class A common stock and 890,272 shares of Class B common stock held by it to the Lion Fund in a transaction exempt from Section 16, pursuant to Rule 16a-13 or otherwise.

El Pollo Loco Holdings, Inc.

Report date August 07, 2026 · Filed August 11, 2026

Jointly reported with BIGLARI, SARDAR, BIGLARI CAPITAL CORP., Biglari Holdings Inc., Biglari Reinsurance Ltd., Biglari Insurance Group Inc.

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common Stock, par value $0.01 per shareSEC Table I · non-derivativeIndirectBy Biglari Reinsurance Ltd.315,118 Reported balance After 2026-08-07 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes.
1 source row

Row 1 · 2026-08-07 · Sale · Disposed 550 · Balance 315,118

F1: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.05 to $17.13. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virtue of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Common Stock, par value $0.01 per shareSEC Table I · non-derivativeIndirectBy First Guard Insurance Company65,872 Reported balance After 2026-08-07 transaction · row 2 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes.
1 source row

Row 2 · 2026-08-07 · Sale · Disposed 550 · Balance 65,872

F1: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.05 to $17.13. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: Shares owned directly by First Guard Insurance Company ("First Guard"). Biglari Reinsurance is the direct parent company of First Guard. Biglari Insurance is the direct parent company of Biglari Reinsurance. Biglari Holdings is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings and has investment discretion over the securities owned by First Guard. By virtue of these relationships, Biglari Reinsurance, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard.

Common Stock, par value $0.01 per shareSEC Table I · non-derivativeIndirectBy The Lion Fund II, L.P.3,538,961 Reported balance Holding disclosure · report date 2026-08-07 · row 3 Holding and transaction disclosures are not merged.
1 source row

Row 3 · Balance 3,538,961

F4: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Filing footnotes · ownership attribution and instrument terms

F1: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.05 to $17.13. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virtue of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

F3: Shares owned directly by First Guard Insurance Company ("First Guard"). Biglari Reinsurance is the direct parent company of First Guard. Biglari Insurance is the direct parent company of Biglari Reinsurance. Biglari Holdings is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings and has investment discretion over the securities owned by First Guard. By virtue of these relationships, Biglari Reinsurance, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard.

F4: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Past disclosures · reporting ended (2)

No longer tracked through insider filings. These historical balances do not imply present ownership or a zero position.

BLOOMIA HOLDINGS, INC.

Report date January 11, 2018 · Filed January 17, 2018

Jointly reported with BIGLARI, SARDAR, BIGLARI CAPITAL CORP.

Section 16 reporting ended · disclosed 2018-01-17. Current position is not established by this disclosure.

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common Stock, par value $0.01SEC Table I · non-derivativeIndirectBy The Lion Fund II, L.P.1,123,047 Last balance in matching sequence After 2018-01-12 transaction · row 2 Source-order balances reconcile. Account continuity and personal attribution are not independently verified.
2 source rows

Row 1 · 2018-01-11 · Sale · Disposed 2,818 · Balance 1,179,492

F1: This Form 4 is filed jointly by The Lion Fund II, L.P. (the "Lion Fund II"), Biglari Capital Corp. ("BCC") and Sardar Biglari. Each of the Lion Fund II, BCC and Mr. Biglari is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Lion Fund II, BCC and Mr. Biglari disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of its or his pecuniary interest therein.

F3: These shares were sold in multiple transactions with all executions at $1.22.

F2: Shares owned directly by the Lion Fund II. BCC is the general partner of the Lion Fund II. Mr. Biglari is the Chairman and Chief Executive Officer of BCC and has investment discretion over the securities owned by the Lion Fund II. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Row 2 · 2018-01-12 · Sale · Disposed 56,445 · Balance 1,123,047

F1: This Form 4 is filed jointly by The Lion Fund II, L.P. (the "Lion Fund II"), Biglari Capital Corp. ("BCC") and Sardar Biglari. Each of the Lion Fund II, BCC and Mr. Biglari is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Lion Fund II, BCC and Mr. Biglari disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of its or his pecuniary interest therein.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.22 to $1.24. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 4 to this Form 4.

F2: Shares owned directly by the Lion Fund II. BCC is the general partner of the Lion Fund II. Mr. Biglari is the Chairman and Chief Executive Officer of BCC and has investment discretion over the securities owned by the Lion Fund II. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Common Stock, par value $0.01SEC Table I · non-derivativeDirect11,788 Reported balance Holding disclosure · report date 2018-01-11 · row 3 Holding and transaction disclosures are not merged.
1 source row

Row 3 · Balance 11,788

F1: This Form 4 is filed jointly by The Lion Fund II, L.P. (the "Lion Fund II"), Biglari Capital Corp. ("BCC") and Sardar Biglari. Each of the Lion Fund II, BCC and Mr. Biglari is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Lion Fund II, BCC and Mr. Biglari disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of its or his pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: This Form 4 is filed jointly by The Lion Fund II, L.P. (the "Lion Fund II"), Biglari Capital Corp. ("BCC") and Sardar Biglari. Each of the Lion Fund II, BCC and Mr. Biglari is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Lion Fund II, BCC and Mr. Biglari disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of its or his pecuniary interest therein.

F2: Shares owned directly by the Lion Fund II. BCC is the general partner of the Lion Fund II. Mr. Biglari is the Chairman and Chief Executive Officer of BCC and has investment discretion over the securities owned by the Lion Fund II. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

F3: These shares were sold in multiple transactions with all executions at $1.22.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.22 to $1.24. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 4 to this Form 4.

CRACKER BARREL OLD COUNTRY STORE, INC

Report date August 08, 2019 · Filed August 12, 2019

Jointly reported with BIGLARI, SARDAR, BIGLARI CAPITAL CORP.

Section 16 reporting ended · disclosed 2019-08-12. Current position is not established by this disclosure.

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common Stock, par value $0.01SEC Table I · non-derivativeIndirectBy The Lion Fund II, L.P.2,232,454 Last balance in matching sequence After 2019-08-09 transaction · row 2 Source-order balances reconcile. Account continuity and personal attribution are not independently verified.
2 source rows

Row 1 · 2019-08-08 · Sale · Disposed 68,630 · Balance 2,422,464

F1: This Form 4 is filed jointly by The Lion Fund II, L.P. ("TLF II"), Biglari Capital Corp. ("BCC") and Sardar Biglari. Each of TLF II, BCC and Mr. Biglari is a member of a Section 13(d) group. As a result of the reported transactions, TLF II, BCC and Mr. Biglari no longer own 10% of the Issuer's outstanding shares of Common Stock and, accordingly, are no longer subject to reporting requirements under Section 16 of the Securities Exchange Act of 1934, as amended, with respect to ownership of Common Stock of the Issuer. Each of TLF II, BCC and Mr. Biglari disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $169.40 to $170.83 per share. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 3 to this Form 4.

F2: Securities owned directly by TLF II. BCC is the general partner of TLF II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the securities of the Issuer owned directly by TLF II.

Row 2 · 2019-08-09 · Sale · Disposed 190,010 · Balance 2,232,454

F1: This Form 4 is filed jointly by The Lion Fund II, L.P. ("TLF II"), Biglari Capital Corp. ("BCC") and Sardar Biglari. Each of TLF II, BCC and Mr. Biglari is a member of a Section 13(d) group. As a result of the reported transactions, TLF II, BCC and Mr. Biglari no longer own 10% of the Issuer's outstanding shares of Common Stock and, accordingly, are no longer subject to reporting requirements under Section 16 of the Securities Exchange Act of 1934, as amended, with respect to ownership of Common Stock of the Issuer. Each of TLF II, BCC and Mr. Biglari disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.00 to 172.72 per share. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 4 to this Form 4.

F2: Securities owned directly by TLF II. BCC is the general partner of TLF II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the securities of the Issuer owned directly by TLF II.

Filing footnotes · ownership attribution and instrument terms

F1: This Form 4 is filed jointly by The Lion Fund II, L.P. ("TLF II"), Biglari Capital Corp. ("BCC") and Sardar Biglari. Each of TLF II, BCC and Mr. Biglari is a member of a Section 13(d) group. As a result of the reported transactions, TLF II, BCC and Mr. Biglari no longer own 10% of the Issuer's outstanding shares of Common Stock and, accordingly, are no longer subject to reporting requirements under Section 16 of the Securities Exchange Act of 1934, as amended, with respect to ownership of Common Stock of the Issuer. Each of TLF II, BCC and Mr. Biglari disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

F2: Securities owned directly by TLF II. BCC is the general partner of TLF II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the securities of the Issuer owned directly by TLF II.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $169.40 to $170.83 per share. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 3 to this Form 4.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.00 to 172.72 per share. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 4 to this Form 4.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
August 07, 2026 Filed Aug 11, 2026 21:07 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 550 $17.06 $9,383.00
Disclosure

SEC source: 0000921895-26-002049 · form408106005_08112026.xml · nonDerivative · entry 2

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · See Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · See Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · See Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By First Guard Insurance Company

Disclosed balance after: 65,872

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.05 to $17.13. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · ownership.nature: Shares owned directly by First Guard Insurance Company ("First Guard"). Biglari Reinsurance is the direct parent company of First Guard. Biglari Insurance is the direct parent company of Biglari Reinsurance. Biglari Holdings is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings and has investment discretion over the securities owned by First Guard. By virtue of these relationships, Biglari Reinsurance, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard.

Read SEC document
August 07, 2026 Filed Aug 11, 2026 21:07 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 550 $17.06 $9,383.00
Disclosure

SEC source: 0000921895-26-002049 · form408106005_08112026.xml · nonDerivative · entry 1

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · See Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · See Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · See Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 315,118

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.05 to $17.13. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virtue of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
August 05, 2026 Filed Aug 5, 2026 22:44 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 40,000 $16.90 $676,000.00
Disclosure

SEC source: 0000921895-26-001972 · form408106005_08052026.xml · nonDerivative · entry 4

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By First Guard Insurance Company

Disclosed balance after: 66,422

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.75 to $17.03. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4 · ownership.nature: Shares owned directly by First Guard Insurance Company ("First Guard"). Biglari Reinsurance is the direct parent company of First Guard. Biglari Insurance is the direct parent company of Biglari Reinsurance. Biglari Holdings is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings and has investment discretion over the securities owned by First Guard. By virtue of these relationships, Biglari Reinsurance, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard.

Read SEC document
August 05, 2026 Filed Aug 5, 2026 22:44 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 40,000 $16.90 $676,000.00
Disclosure

SEC source: 0000921895-26-001972 · form408106005_08052026.xml · nonDerivative · entry 3

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 315,668

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.75 to $17.03. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virtue of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
August 03, 2026 Filed Aug 5, 2026 22:44 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 10,000 $16.73 $167,300.00
Disclosure

SEC source: 0000921895-26-001972 · form408106005_08052026.xml · nonDerivative · entry 2

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By First Guard Insurance Company

Disclosed balance after: 106,422

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $16.78. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4 · ownership.nature: Shares owned directly by First Guard Insurance Company ("First Guard"). Biglari Reinsurance is the direct parent company of First Guard. Biglari Insurance is the direct parent company of Biglari Reinsurance. Biglari Holdings is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings and has investment discretion over the securities owned by First Guard. By virtue of these relationships, Biglari Reinsurance, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard.

Read SEC document
August 03, 2026 Filed Aug 5, 2026 22:44 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 10,000 $16.73 $167,300.00
Disclosure

SEC source: 0000921895-26-001972 · form408106005_08052026.xml · nonDerivative · entry 1

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 355,668

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $16.78. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virtue of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
July 30, 2026 Filed Jul 31, 2026 22:03 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 273 $16.70 $4,559.10
Disclosure

SEC source: 0000921895-26-001917 · form408106005_07312026.xml · nonDerivative · entry 4

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By First Guard Insurance Company

Disclosed balance after: 116,422

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $16.75. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4 · ownership.nature: Shares owned directly by First Guard Insurance Company ("First Guard"). Biglari Reinsurance is the direct parent company of First Guard. Biglari Insurance is the direct parent company of Biglari Reinsurance. Biglari Holdings is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings and has investment discretion over the securities owned by First Guard. By virtue of these relationships, Biglari Reinsurance, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard.

Read SEC document
July 30, 2026 Filed Jul 31, 2026 22:03 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 273 $16.70 $4,559.10
Disclosure

SEC source: 0000921895-26-001917 · form408106005_07312026.xml · nonDerivative · entry 3

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 365,668

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $16.75. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virtue of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
July 29, 2026 Filed Jul 31, 2026 22:03 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 3,305 $16.71 $55,226.55
Disclosure

SEC source: 0000921895-26-001917 · form408106005_07312026.xml · nonDerivative · entry 2

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By First Guard Insurance Company

Disclosed balance after: 116,695

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $16.72. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4 · ownership.nature: Shares owned directly by First Guard Insurance Company ("First Guard"). Biglari Reinsurance is the direct parent company of First Guard. Biglari Insurance is the direct parent company of Biglari Reinsurance. Biglari Holdings is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings and has investment discretion over the securities owned by First Guard. By virtue of these relationships, Biglari Reinsurance, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard.

Read SEC document
July 29, 2026 Filed Jul 31, 2026 22:03 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 3,306 $16.71 $55,243.26
Disclosure

SEC source: 0000921895-26-001917 · form408106005_07312026.xml · nonDerivative · entry 1

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 365,941

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $16.72. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virtue of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
July 17, 2026 Filed Jul 21, 2026 21:39 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 11,000 $16.71 $183,810.00
Disclosure

SEC source: 0000921895-26-001848 · form408106005_07212026.xml · nonDerivative · entry 1

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 3,538,961

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $16.76. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
July 16, 2026 Filed Jul 16, 2026 21:33 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 2,749 $16.70 $45,908.30
Disclosure

SEC source: 0000921895-26-001825 · form408106005_07162026.xml · nonDerivative · entry 3

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 3,549,961

F3 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $16.75. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
July 15, 2026 Filed Jul 16, 2026 21:33 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 6,533 $16.71 $109,166.43
Disclosure

SEC source: 0000921895-26-001825 · form408106005_07162026.xml · nonDerivative · entry 2

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 3,552,710

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $16.72. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
July 14, 2026 Filed Jul 16, 2026 21:33 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 1,211 $16.73 $20,260.03
Disclosure

SEC source: 0000921895-26-001825 · form408106005_07162026.xml · nonDerivative · entry 1

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 3,559,243

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $16.76. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
July 13, 2026 Filed Jul 14, 2026 13:22 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 75,000 $16.74 $1,255,500.00
Disclosure

SEC source: 0000921895-26-001804 · form408106005_07142026.xml · nonDerivative · entry 1

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 3,560,454

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $17.02. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
July 02, 2026 Filed Jul 7, 2026 00:37 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 9,525 $16.92 $161,163.00
Disclosure

SEC source: 0000921895-26-001763 · form408106005_07062026.xml · nonDerivative · entry 2

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 3,635,454

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.90 to $16.96. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
July 01, 2026 Filed Jul 7, 2026 00:37 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 132,421 $17.27 $2,286,910.67
Disclosure

SEC source: 0000921895-26-001763 · form408106005_07062026.xml · nonDerivative · entry 1

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 3,644,979

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.20 to $17.40. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
June 30, 2026 Filed Jun 30, 2026 23:22 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 22,600 $16.91 $382,166.00
Disclosure

SEC source: 0000921895-26-001706 · form408106005_06302026.xml · nonDerivative · entry 3

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 3,777,400

F3 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.87 to $17.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
June 29, 2026 Filed Jun 30, 2026 23:22 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 100,000 $16.58 $1,658,000.00
Disclosure

SEC source: 0000921895-26-001706 · form408106005_06302026.xml · nonDerivative · entry 2

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 3,800,000

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.50 to $16.67. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
June 26, 2026 Filed Jun 30, 2026 23:22 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 SaleCommon Stock, par value $0.01 per share 100,000 $16.75 $1,675,000.00
Disclosure

SEC source: 0000921895-26-001706 · form408106005_06302026.xml · nonDerivative · entry 1

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 3,900,000

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.50 to $16.90. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole owner, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
August 22, 2024 Filed Aug 27, 2024 23:31 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 4,516 $13.48 $60,875.68
Disclosure

SEC source: 0000921895-24-001961 · form408106005_08272024.xml · nonDerivative · entry 7

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 369,247

F8 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.46 to $13.50. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F1 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virute of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
August 21, 2024 Filed Aug 27, 2024 23:31 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 43,161 $13.59 $586,557.99
Disclosure

SEC source: 0000921895-24-001961 · form408106005_08272024.xml · nonDerivative · entry 6

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 364,731

F7 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.53 to $13.66. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F1 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virute of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
August 20, 2024 Filed Aug 27, 2024 23:31 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 100,000 $13.42 $1,342,000.00
Disclosure

SEC source: 0000921895-24-001961 · form408106005_08272024.xml · nonDerivative · entry 5

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 321,570

F6 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.28 to $13.70. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F1 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virute of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
August 19, 2024 Filed Aug 27, 2024 23:31 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 62,329 $13.46 $838,948.34
Disclosure

SEC source: 0000921895-24-001961 · form408106005_08272024.xml · nonDerivative · entry 4

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 221,570

F5 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.25 to $13.60. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F1 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virute of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
August 16, 2024 Filed Aug 27, 2024 23:31 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 21,325 $13.13 $279,997.25
Disclosure

SEC source: 0000921895-24-001961 · form408106005_08272024.xml · nonDerivative · entry 3

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 159,241

F4 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.02 to $13.26. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F1 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virute of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
August 15, 2024 Filed Aug 27, 2024 23:31 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 50,554 $13.00 $657,202.00
Disclosure

SEC source: 0000921895-24-001961 · form408106005_08272024.xml · nonDerivative · entry 2

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 137,916

F3 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.66 to $13.13. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F1 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virute of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
August 14, 2024 Filed Aug 27, 2024 23:31 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 62,362 $12.47 $777,654.14
Disclosure

SEC source: 0000921895-24-001961 · form408106005_08272024.xml · nonDerivative · entry 1

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · Explanation of Responses

Biglari Reinsurance Ltd. · CIK 0002035328 · Explanation of Responses

Biglari Insurance Group Inc. · CIK 0002034968 · Explanation of Responses

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Biglari Reinsurance Ltd.

Disclosed balance after: 87,362

F2 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.38 to $12.62. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F1 · ownership.nature: Shares owned directly by Biglari Reinsurance Ltd. ("Biglari Reinsurance"). Biglari Insurance Group Inc. ("Biglari Insurance") is the direct parent company of Biglari Reinsurance. Biglari Holdings Inc. ("Biglari Holdings") is the direct parent company of Biglari Insurance. Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings. By virute of these relationships, Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Biglari Reinsurance.

Read SEC document
August 17, 2023 Filed Aug 17, 2023 20:49 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 20,000 $10.08 $201,600.00
Disclosure

SEC source: 0000921895-23-001996 · form408106005_08172023.xml · nonDerivative · entry 4

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By First Guard Insurance Company

Disclosed balance after: 120,000

F5 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.04 to $10.15. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.nature: Shares owned directly by First Guard Insurance Company ("First Guard"). First Guard is a wholly owned subsidiary of Biglari Holdings Inc. ("Biglari Holdings"). Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings and has investment discretion over the securities owned by First Guard. By virtue of these relationships, Biglari Holdings and Sardar Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard.

Read SEC document
August 16, 2023 Filed Aug 17, 2023 20:49 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 54,300 $10.20 $553,860.00
Disclosure

SEC source: 0000921895-23-001996 · form408106005_08172023.xml · nonDerivative · entry 3

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By First Guard Insurance Company

Disclosed balance after: 100,000

F4 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.17 to $10.29. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.nature: Shares owned directly by First Guard Insurance Company ("First Guard"). First Guard is a wholly owned subsidiary of Biglari Holdings Inc. ("Biglari Holdings"). Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings and has investment discretion over the securities owned by First Guard. By virtue of these relationships, Biglari Holdings and Sardar Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard.

Read SEC document
August 15, 2023 Filed Aug 17, 2023 20:49 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 45,700 $10.18 $465,226.00
Disclosure

SEC source: 0000921895-23-001996 · form408106005_08172023.xml · nonDerivative · entry 2

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Biglari Holdings Inc. · CIK 0001726173 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By First Guard Insurance Company

Disclosed balance after: 45,700

F3 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.09 to $10.25 . The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.nature: Shares owned directly by First Guard Insurance Company ("First Guard"). First Guard is a wholly owned subsidiary of Biglari Holdings Inc. ("Biglari Holdings"). Mr. Biglari is the Chairman and Chief Executive Officer of Biglari Holdings and has investment discretion over the securities owned by First Guard. By virtue of these relationships, Biglari Holdings and Sardar Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by First Guard.

Read SEC document
August 08, 2023 Filed Aug 9, 2023 21:43 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 106,760 $10.84 $1,157,278.40
Disclosure

SEC source: 0000921895-23-001862 · form408106003loco_08092023.xml · nonDerivative · entry 2

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 4,000,000

F3 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.71 to $11.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F1 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
August 07, 2023 Filed Aug 9, 2023 21:43 UTC El Pollo Loco Holdings, Inc. LOCO · Entity 5532 PurchaseCommon Stock, par value $0.01 per share 100,560 $10.63 $1,068,952.80
Disclosure

SEC source: 0000921895-23-001862 · form408106003loco_08092023.xml · nonDerivative · entry 1

BIGLARI, SARDAR · CIK 0001334430 · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 3,893,240

F2 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.57 to $10.80. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F1 · ownership.nature: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
June 08, 2022 Filed Jun 10, 2022 22:07 UTC Biglari Holdings Inc. BH · Entity 4809 OtherClass B common stock 890,272 Not disclosed Not disclosed
Disclosure

SEC source: 0000921895-22-001953 · form408106003_06102022.xml · nonDerivative · entry 8

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund, L.P.

Disclosed balance after: 1,255,998

F4 · price: The Lion Fund II transferred 83,465 shares of Class A common stock and 890,272 shares of Class B common stock held by it to the Lion Fund in a transaction exempt from Section 16, pursuant to Rule 16a-13 or otherwise.

F3 · ownership.direct: Shares owned directly by The Lion Fund, L.P. (the "Lion Fund"). BCC is the general partner of the Lion Fund. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund.

Read SEC document
June 08, 2022 Filed Jun 10, 2022 22:07 UTC Biglari Holdings Inc. BH · Entity 4809 OtherClass B common stock 890,272 Not disclosed Not disclosed
Disclosure

SEC source: 0000921895-22-001953 · form408106003_06102022.xml · nonDerivative · entry 7

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 0

F4 · price: The Lion Fund II transferred 83,465 shares of Class A common stock and 890,272 shares of Class B common stock held by it to the Lion Fund in a transaction exempt from Section 16, pursuant to Rule 16a-13 or otherwise.

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

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June 08, 2022 Filed Jun 10, 2022 22:07 UTC Biglari Holdings Inc. BH · Entity 4809 OtherClass A common stock 83,465 Not disclosed Not disclosed
Disclosure

SEC source: 0000921895-22-001953 · form408106003_06102022.xml · nonDerivative · entry 4

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund, L.P.

Disclosed balance after: 120,036.7

F4 · price: The Lion Fund II transferred 83,465 shares of Class A common stock and 890,272 shares of Class B common stock held by it to the Lion Fund in a transaction exempt from Section 16, pursuant to Rule 16a-13 or otherwise.

F3 · ownership.direct: Shares owned directly by The Lion Fund, L.P. (the "Lion Fund"). BCC is the general partner of the Lion Fund. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund.

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June 08, 2022 Filed Jun 10, 2022 22:07 UTC Biglari Holdings Inc. BH · Entity 4809 OtherClass A common stock 83,465 Not disclosed Not disclosed
Disclosure

SEC source: 0000921895-22-001953 · form408106003_06102022.xml · nonDerivative · entry 3

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 0

F4 · price: The Lion Fund II transferred 83,465 shares of Class A common stock and 890,272 shares of Class B common stock held by it to the Lion Fund in a transaction exempt from Section 16, pursuant to Rule 16a-13 or otherwise.

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

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December 17, 2021 Filed Dec 21, 2021 01:02 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass B common stock 10,072 $148.68 $1,497,504.96
Disclosure

SEC source: 0001193805-21-001787 · e621178_4-bh.xml · nonDerivative · entry 7

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 890,272

F4 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $143.09 to $150.96. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

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December 14, 2021 Filed Dec 16, 2021 00:46 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass B common stock 547 $143.81 $78,664.07
Disclosure

SEC source: 0000921895-21-002858 · form408106003_12152021.xml · nonDerivative · entry 8

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 880,200

F4 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $143.00 to $144.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

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December 13, 2021 Filed Dec 16, 2021 00:46 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass B common stock 389 $144.00 $56,016.00
Disclosure

SEC source: 0000921895-21-002858 · form408106003_12152021.xml · nonDerivative · entry 7

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 879,653

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

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November 24, 2021 Filed Nov 24, 2021 23:17 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass B common stock 2,200 $145.64 $320,408.00
Disclosure

SEC source: 0001193805-21-001628 · e621109_4-bh.xml · nonDerivative · entry 9

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 879,264

F5 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $143.25 to $146.59. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
November 24, 2021 Filed Nov 24, 2021 23:17 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass A common stock 60 $722.44 $43,346.40
Disclosure

SEC source: 0001193805-21-001628 · e621109_4-bh.xml · nonDerivative · entry 4

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 83,465

F4 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $711.14 to $725.92. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

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November 22, 2021 Filed Nov 24, 2021 23:17 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass B common stock 26,568 $143.00 $3,799,224.00
Disclosure

SEC source: 0001193805-21-001628 · e621109_4-bh.xml · nonDerivative · entry 8

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 877,064

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
November 22, 2021 Filed Nov 24, 2021 23:17 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass A common stock 138 $720.00 $99,360.00
Disclosure

SEC source: 0001193805-21-001628 · e621109_4-bh.xml · nonDerivative · entry 3

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 83,405

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
August 12, 2021 Filed Aug 12, 2021 22:45 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass B common stock 12,937 $171.56 $2,219,471.72
Disclosure

SEC source: 0000921895-21-002023 · form408106003_08122021.xml · nonDerivative · entry 9

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 850,496

F7 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $169.45 to $174.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
August 12, 2021 Filed Aug 12, 2021 22:45 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass A common stock 818 $867.30 $709,451.40
Disclosure

SEC source: 0000921895-21-002023 · form408106003_08122021.xml · nonDerivative · entry 5

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 83,267

F6 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $850.00 to $870.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

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August 11, 2021 Filed Aug 12, 2021 22:45 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass A common stock 258 $850.00 $219,300.00
Disclosure

SEC source: 0000921895-21-002023 · form408106003_08122021.xml · nonDerivative · entry 4

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 82,449

F5 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $849.99 to $850.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
August 10, 2021 Filed Aug 12, 2021 22:45 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass A common stock 542 $825.91 $447,643.22
Disclosure

SEC source: 0000921895-21-002023 · form408106003_08122021.xml · nonDerivative · entry 3

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 82,191

F4 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $800.00 to $840.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
June 16, 2021 Filed Jun 16, 2021 21:09 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass A common stock 73 $899.79 $65,684.67
Disclosure

SEC source: 0000921895-21-001651 · form408106003_06162021.xml · nonDerivative · entry 4

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 81,649

F4 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $885.00 to $900.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
June 15, 2021 Filed Jun 16, 2021 21:09 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass A common stock 75 $915.00 $68,625.00
Disclosure

SEC source: 0000921895-21-001651 · form408106003_06162021.xml · nonDerivative · entry 3

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 81,576

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

Read SEC document
June 14, 2021 Filed Jun 14, 2021 23:11 UTC Biglari Holdings Inc. BH · Entity 4809 PurchaseClass A common stock 38 $905.00 $34,390.00
Disclosure

SEC source: 0000921895-21-001619 · form408106003_06142021.xml · nonDerivative · entry 5

BIGLARI, SARDAR · CIK 0001334430 · Director · Chairman and CEO · 10% owner

BIGLARI CAPITAL CORP. · CIK 0001334429 · 10% owner

LION FUND II, L.P. · CIK 0001580602 · 10% owner

LION FUND, L.P. · CIK 0001334426 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Lion Fund II, L.P.

Disclosed balance after: 81,501

F2 · ownership.direct: Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). BCC is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Class A and Class B common stock of the Issuer owned directly by the Lion Fund II.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.