LION Fund, L.P., 10% Owner at STEAK & SHAKE CO (SNS), bought 35,000 shares at $6.86 ($241K) on 2008-05-20, disclosed to the SEC on 2008-05-20.
Open-market purchase of $241k SNS by 10% Owner. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $6.87 | 18,000 | $124K | 51.3% |
| 2 | $6.95 | 10,000 | $70K | 28.8% |
| 3 | $6.86 | 7,000 | $48K | 19.9% |
| Total | $6.89 avg | 35,000 | $241K | 100% |
| Filing → |
| BH | BUY | 2025-12-10 | $1.4M | — | Filing → |
| BH | BUY | 2025-11-24 | $1.6M | — | Filing → |
| BH | BUY | 2024-11-19 | $8.3M | — | Filing → |