Form 4: Berkshire Hathaway Sells 1.14 Million DaVita Shares Under Repurchase Agreement

Berkshire Hathaway Inc. sold 1,145,938 shares of DaVita Inc. common stock at $147.108 per share on May 8, 2025, under a previously established share repurchase agreement.

Summary

• Berkshire Hathaway Inc. reported the sale of 1,145,938 shares of DaVita Inc. common stock on May 8, 2025.
• The shares were sold at a price of $147.108 per share.
• The transaction was executed under a share repurchase agreement between Berkshire Hathaway and DaVita Inc. dated April 30, 2024.
• Following the transaction, Berkshire Hathaway's total beneficial ownership in DaVita Inc. is 33,996,541 shares.
• Of these shares, 17,164,453 are owned by Government Employees Insurance Company (GEICO), a Berkshire Hathaway subsidiary, and 16,832,088 are held by various Berkshire subsidiaries' pension plans.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction under a pre-existing agreement. No indication of significant positive or negative implications.

Future Outlook

The document does not contain specific forward-looking statements beyond the ongoing share repurchase agreement.

Management Comments

• Warren E. Buffett, on behalf of himself and each other reporting person hereunder, signed the report.

Industry Context

Share repurchase agreements are common mechanisms for companies to return capital to shareholders and can influence stock prices. Berkshire Hathaway's activity is notable given its significant holdings and influence.

Comparison to Industry Standards

• Share repurchase programs are a common capital allocation strategy among publicly traded companies, especially those with strong cash flow.
• Berkshire Hathaway's involvement adds a layer of scrutiny due to its size and Warren Buffett's reputation as a value investor.
• Comparable companies with significant share repurchase programs include Apple (AAPL), Alphabet (GOOGL), and Microsoft (MSFT).

Stakeholder Impact

• The share repurchase may have a minor positive impact on DaVita's stock price.
• The transaction provides liquidity to Berkshire Hathaway.

Key Dates

Keywords

Berkshire Hathaway, DaVita Inc., Share Repurchase, Beneficial Ownership, Stock Sale, DVA, Warren Buffett