4/A: Berkshire Hathaway Corrects Filing, Reports Sale of Liberty Media Shares

Berkshire Hathaway has amended a previous filing to correctly report the sale of Liberty Media Corporation Series A shares, rather than a purchase, on June 13th and 14th, 2024.

Summary

• Berkshire Hathaway Inc. filed an amended Form 4 to correct a clerical error in a previous filing.
• The corrected filing shows that Berkshire Hathaway sold shares of Liberty Media Corporation's Series A Liberty Live Common Stock on June 13th and 14th, 2024.
• On June 13th, 52,911 shares were sold at a weighted average price of $34.0604, with prices ranging from $33.7500 to $34.6400.
• On June 14th, 11,252 shares were sold at a weighted average price of $33.0199, with prices ranging from $32.7000 to $33.5000.
• Also on June 14th, 1,167 shares were sold at a weighted average price of $34.05, with prices ranging from $34.0500 to $34.0500.
• Following these transactions, Berkshire Hathaway's indirect beneficial ownership of Series A Liberty Live Common Stock decreased to 4,986,588 shares.
• The shares are held through various Berkshire Hathaway subsidiaries and pension plans.

Sentiment

Score: 4

Explanation: The document corrects a previous error and reports a sale of shares by a major shareholder, which is generally viewed as a negative signal. However, it is a routine filing and does not indicate a major shift in the company's fundamentals.

Management Comments

• Warren E. Buffett, on behalf of himself and Berkshire Hathaway, signed the amended filing.

Industry Context

This filing reflects a change in Berkshire Hathaway's position in Liberty Media, which is a significant media and entertainment company. Such transactions are closely watched by investors for insights into Berkshire's investment strategy.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, such as Berkshire Hathaway, in publicly traded companies like Liberty Media.
• The level of detail provided, including weighted average prices and price ranges, is consistent with SEC requirements for these filings.
• Other major shareholders of Liberty Media would also be required to file similar forms when they make significant changes to their holdings.

Stakeholder Impact

• The sale of shares by Berkshire Hathaway may have a slight negative impact on the share price of Liberty Media in the short term.
• Shareholders will be monitoring Berkshire's future transactions for further insights into their investment strategy.

Key Dates

Keywords

Berkshire Hathaway, Liberty Media Corp, Share Sale, Form 4, Beneficial Ownership, Stock Transaction, LLyVA