BH-A Biglari Holdings Inc.

“Our remediation efforts previously described in Part II, Item 9A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 to address the material weakness mentioned are ongoing as we continue to implement and document policies, procedures, and internal controls.”

“Our Chief Executive Officer and Principal Financial Officer have concluded that, as of September 30, 2026 our disclosure controls and procedures were not effective, due to a material weakness in our internal control over financial reporting previously identified in Part II, Item 9A Controls and Procedures of our Annual Report on Form 10-K for the year ended December 31, 2025.”