BIGLARI HLDGS INC

Ticker: BH CUSIP: 08986R309 Class: Common Stock

MARSHALL WACE, LLP's Holding History (CIK: 0001318757)

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

Q4 2025

Shares 704 Value ($000) $234 Avg Close $335.75 Range $266.53 - $381.83

Q2 2021

Shares 3,476 Value ($000) $554 Avg Close $153.92 Range $130.19 - $188.50

Q1 2021

Shares 1,890 Value ($000) $251 Avg Close $125.66 Range $106.00 - $155.00

Q4 2020

Shares 2,191 Value ($000) $244 Avg Close $102.71 Range $81.00 - $135.00

Q1 2020

Shares 2,524 Value ($000) $130 Avg Close $98.25 Range $37.85 - $124.99

Q4 2019

Shares 1,028 Value ($000) $118 Avg Close $101.93 Range $80.90 - $118.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	704	$234	$335.75	$266.53 - $381.83
Q2 2021	3,476	$554	$153.92	$130.19 - $188.50
Q1 2021	1,890	$251	$125.66	$106.00 - $155.00
Q4 2020	2,191	$244	$102.71	$81.00 - $135.00
Q1 2020	2,524	$130	$98.25	$37.85 - $124.99
Q4 2019	1,028	$118	$101.93	$80.90 - $118.90