BIGLARI HLDGS INC

Ticker: BH CUSIP: 08986R309 Class: Common Stock

Police & Firemen's Retirement System of New Jersey's Holding History (CIK: 0002040686)

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

Q4 2025

Shares 171 Value ($000) $57 Avg Close $335.75 Range $266.53 - $381.83

Q3 2025

Shares 171 Value ($000) $55 Avg Close $305.30 Range $273.39 - $332.90

Q2 2025

Shares 171 Value ($000) $50 Avg Close $242.69 Range $195.05 - $296.40

Q1 2025

Shares 121 Value ($000) $26 Avg Close $227.91 Range $207.00 - $269.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	171	$57	$335.75	$266.53 - $381.83
Q3 2025	171	$55	$305.30	$273.39 - $332.90
Q2 2025	171	$50	$242.69	$195.05 - $296.40
Q1 2025	121	$26	$227.91	$207.00 - $269.00