BIGLARI HLDGS INC

Ticker: BH CUSIP: 08986R309 Class: Common Stock

STATE OF WISCONSIN INVESTMENT BOARD's Holding History (CIK: 0000854157)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 2,366 Value ($000) $787 Avg Close $335.75 Range $266.53 - $381.83

Q3 2025

Shares 1,588 Value ($000) $514 Avg Close $305.30 Range $273.39 - $332.90

Q1 2025

Shares 1,200 Value ($000) $260 Avg Close $227.91 Range $207.00 - $269.00

Q1 2022

Shares 1,900 Value ($000) $275 Avg Close $134.15 Range $110.56 - $167.39

Q4 2021

Shares 1,800 Value ($000) $257 Avg Close $155.03 Range $139.74 - $176.72

Q3 2021

Shares 1,200 Value ($000) $206 Avg Close $168.23 Range $154.23 - $184.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,366	$787	$335.75	$266.53 - $381.83
Q3 2025	1,588	$514	$305.30	$273.39 - $332.90
Q1 2025	1,200	$260	$227.91	$207.00 - $269.00
Q1 2022	1,900	$275	$134.15	$110.56 - $167.39
Q4 2021	1,800	$257	$155.03	$139.74 - $176.72
Q3 2021	1,200	$206	$168.23	$154.23 - $184.00