X0202 13F-HR LIVE false false false 0001334429 XXXXXXXX 03-31-2026 03-31-2026 false BIGLARI CAPITAL CORP.

19100 Ridgewood Pkwy, Suite 1200 San Antonio TX 78259

13F HOLDINGS REPORT 028-15403 000115197 801-78141 Y The Lion Fund, L.P. holds 128,811.7 shares of Biglari Holdings Inc. Class A Common Stock with sole voting authority of all 128,811.7 shares. Biglari Capital Corp. holds 25,663.1 shares of Biglari Holdings Inc. Class A Common Stock with sole voting authority of all 25,663.1 shares. The table does not have space to show fractional shares, therefore the fractional shares have been rounded down to the nearest whole number. Sardar Biglari 210-344-3400 /s/ Sardar Biglari San Antonio TX 05-15-2026 3 19 929393467 1 0001334430 028-14882 004446157 BIGLARI, SARDAR 2 0001334426 028-15398 LION FUND, L.P. 3 0001580602 028-16045 LION FUND II, L.P.