<SEC-DOCUMENT>0000921895-25-003361-index.html : 20251216
<SEC-HEADER>0000921895-25-003361.hdr.sgml : 20251216
<ACCEPTANCE-DATETIME>20251216193439
ACCESSION NUMBER:		0000921895-25-003361
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251212
FILED AS OF DATE:		20251216
DATE AS OF CHANGE:		20251216

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LION FUND, L.P.
		CENTRAL INDEX KEY:			0001334426
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38477
		FILM NUMBER:		251576932

	BUSINESS ADDRESS:	
		STREET 1:		19100 RIDGEWOOD PKWY, SUITE 1200
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78259
		BUSINESS PHONE:		210-344-3400

	MAIL ADDRESS:	
		STREET 1:		19100 RIDGEWOOD PKWY, SUITE 1200
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78259

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BIGLARI CAPITAL CORP.
		CENTRAL INDEX KEY:			0001334429
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38477
		FILM NUMBER:		251576933

	BUSINESS ADDRESS:	
		STREET 1:		19100 RIDGEWOOD PKWY, SUITE 1200
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78259
		BUSINESS PHONE:		(210) 344-3400

	MAIL ADDRESS:	
		STREET 1:		19100 RIDGEWOOD PKWY, SUITE 1200
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78259

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BIGLARI, SARDAR
		CENTRAL INDEX KEY:			0001334430
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38477
		FILM NUMBER:		251576934

	MAIL ADDRESS:	
		STREET 1:		C/O BIGLARI HOLDINGS INC.
		STREET 2:		19100 RIDGEWOOD PKWY, SUITE 1200
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78259

	FORMER NAME:	
		FORMER CONFORMED NAME:	Biglari Sardar
		DATE OF NAME CHANGE:	20050727

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Biglari Holdings Inc.
		CENTRAL INDEX KEY:			0001726173
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				823784946
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		19100 RIDGEWOOD PKWY, SUITE 1200
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78259
		BUSINESS PHONE:		210-344-3400

	MAIL ADDRESS:	
		STREET 1:		19100 RIDGEWOOD PKWY, SUITE 1200
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78259

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NBHSA Inc.
		DATE OF NAME CHANGE:	20171221
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
<FILENAME>form408106003_12162025.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
Document 1 - file: form408106003_12162025.html

Document 1 - RAW XML: form408106003_12162025.xml

</DOCUMENT>
</SEC-DOCUMENT>