Buffett converts Class A shares, gifts Class B stock
Berkshire Hathaway director Warren E. Buffett reported a set of internal share moves involving Class A and Class B stock.
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Rhea-AI Filing Summary
Berkshire Hathaway director Warren E. Buffett reported a set of internal share moves involving Class A and Class B stock. He converted 25 shares of Class A Common Stock into 37,500 shares of Class B Common Stock, consistent with the 1-for-1,500 conversion ratio.
On the same date, he made two bona fide gifts of Class B Common Stock totaling 37,292 shares to charitable organizations at no consideration. After these transactions, Buffett directly held 196,290 Class A shares and 1,322 Class B shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Stock | 25 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 37,500 | $0.00 | $0.00 |
| Gift | Class B Common Stock | 18,646 | $0.00 | $0.00 |
| Gift | Class B Common Stock | 18,646 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each of these reported transactions was a gift from Warren E. Buffett to a charitable organization.
- F2. Each share of Class A Common Stock is convertible at any time at the option of the holder into 1,500 shares of Class B Common Stock. In accordance with the instructions to Form 4, my holdings of shares of Class A Common Stock are reported in Table II.
- F3. Not applicable.
Key Figures
Key Terms
Bona fide gift financial
Conversion of derivative security financial
Class A Common Stock financial
Class B Common Stock financial
charitable organization financial
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