What is BH-A's dilution risk score?

BH-A has a latest available DilutionScore record of 40/100, categorized as medium dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for BH-A, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for BH-A?

DilutionWatch tracks 25 SEC filing types for BH-A including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect BH-A shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For BH-A, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for BH-A tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for BH-A. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

BH-A Dilution Risk Score: 40/100

Score Breakdown

📋 Offering Ability

💰Cash Runway—

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

⛅

Watch

Minor dilution signals detected

model est. 10%

💰 Capital Raise model 20%

• Active shelf registration ($500M, 134% of market cap)

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Market Data

Market Cap$374.13M

Shares Outstanding206.9K

Float176.7K

Cash$68.39M

Debt$238.50M

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	40/100	DilutionWatch score record
Shares Outstanding	206.9K	Verified float table or market cache
Public Float	176.7K	Verified float table or market cache
Market Cap	$374.13M	Market data cache
Cash Runway	Not applicable / unavailable	DilutionWatch score inputs
Shelf Capacity	$500.00M	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	None in current score inputs	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 5.

Recent SEC source mix: 4 4, EFFECT 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

1.0% institutional ownership

Source: Yahoo Finance · Detailed 13F holder data available for tracked tickers

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Short Interest

No current FINRA short-interest record is available for this ticker.

Recent SEC Activity

4 INSIDER TRANSACTION 2026-03-13

4 INSIDER TRANSACTION 2026-03-09

4 INSIDER TRANSACTION 2026-03-06

4 INSIDER TRANSACTION 2026-03-03

EFFECT EFFECT 2026-01-26

Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual BH-A Dilution Snapshot

Biglari Holdings Inc. (BH-A) has a DilutionScore of 40/100, rated Medium dilution risk. Score date: October 13, 2026.

Stored shelf registration capacity: $500.0M.
Recent SEC activity tracked for BH-A: 4 on 2026-03-13; 4 on 2026-03-09; 4 on 2026-03-06.
Score coverage note: Cash Runway is marked not applicable or unavailable while debt exceeds cash in stored market data; do not read the overall score as a complete balance-sheet risk assessment.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

BH-A's DilutionScore is currently 40/100 (Medium risk), with 1 score change tracked over 89 days. The score improved from 35/100 (Medium risk).

Period	Score	Risk Level	Duration
Oct 10 – Oct 13, 2026	40/100	MEDIUM	4 days
Jul 16 – Oct 09, 2026	35/100	MEDIUM	85 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

BH-A shares outstanding have increased 2.1% from 206.9K (Mar 2026) to 211.2K (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 27, 2026	211.2K	176.7K	▼ 5.63%
Mar 17, 2026	211.2K	187.2K	▼ 1.03%
Mar 08, 2026	206.9K	189.2K	▲ 2.77%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track BH-A Dilution Risk in Real-Time

DilutionWatch monitors SEC filings 24/7 and alerts you the moment BH-A files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.

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📖 Dilution Education

→ Complete Dilution Guide for Retail Investors → Anti-Dilution Provisions Explained → Stock Dilution Red Flags to Watch → Understanding Shelf Registrations

Score Coverage Note

Cash Runway is marked not applicable or unavailable while debt exceeds cash in stored market data; do not read the overall score as a complete balance-sheet risk assessment.

BH-A — Biglari Holdings Inc. Dilution Risk Tracker