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

Berkshire Hathaway Inc. amended its previous SEC filing to correct a clerical error, confirming the sale of Series A Liberty Live Common Stock on June 13 and 14, 2024.

Summary

• Berkshire Hathaway Inc. filed an amended Form 4 with the SEC to correct a previous error.
• The original filing incorrectly stated that Berkshire Hathaway acquired shares of Liberty Media Corp Series A Liberty Live Common Stock on June 13 and June 14, 2024.
• The amended filing clarifies that Berkshire Hathaway actually sold shares on those dates.
• On June 13, 2024, Berkshire Hathaway sold 52,911 shares at a weighted average price of $34.0604, with prices ranging from $33.7500 to $34.6400.
• On June 14, 2024, Berkshire Hathaway sold 11,252 shares at a weighted average price of $33.0199, with prices ranging from $32.7000 to $33.5000.
• Also on June 14, 2024, Berkshire Hathaway sold 1,167 shares at a weighted average price of $34.05.
• Following these transactions, Berkshire Hathaway's indirect beneficial ownership of Series A Liberty Live Common Stock is 4,986,588 shares as of June 17, 2024.
• Warren E. Buffett, as the controlling stockholder of Berkshire Hathaway, disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previously filed form, indicating standard corporate governance procedures. The sentiment is neutral to slightly positive as it reflects transparency and adherence to regulatory requirements.

Management Comments

• Warren E. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

This filing reflects routine trading activity by a major shareholder, Berkshire Hathaway, in a publicly traded company, Liberty Media Corp. Such transactions are common and provide insights into the investment decisions of large institutional investors.

Comparison to Industry Standards

• Berkshire Hathaway's investment decisions are closely watched by the market, and their transactions in companies like Liberty Media are often compared to those of other major investment firms such as BlackRock, Vanguard, and State Street.
• The scale of Berkshire's holdings and transactions often exceeds those of smaller investment firms, making their activities a significant benchmark for market sentiment.
• The weighted average prices at which Berkshire sold the shares can be compared to the trading prices of Liberty Media Corp during the same period to assess the market's reaction to the transactions.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the public.
• The sale of shares by Berkshire Hathaway may have a minor impact on the stock price of Liberty Media Corp.

Key Dates

Keywords

Berkshire Hathaway, Liberty Media Corp, SEC Filing, Form 4, Share Sale, Warren Buffett, Beneficial Ownership, LLYVA