[Form 4] DANAHER CORP /DE/ Insider Trading Activity

Rhea-AI Filing Summary

Danaher Corporation director Form 4 filing reports an option exercise and share sale. On 11/18/2025, a director exercised a stock option for 3,298 shares of Danaher common stock at an exercise price of $71.88 per share. That same day, the director sold 3,298 shares of common stock at a price of $226.50 per share. After these transactions, the director beneficially owned 20,761.994 shares of Danaher common stock held directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

List Teri

(Last) (First) (Middle)

2200 PENNSYLVANIA AVENUE, NW

SUITE 800W

(Street)

WASHINGTON DC 20037

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DANAHER CORP /DE/ [ DHR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/18/2025		M		3,298	A	$71.88	24,059.994	D
Common Stock	11/18/2025		S		3,298	D	$226.5	20,761.994	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Director stock option (right to buy)	$71.88	11/18/2025		M			3,298	07/15/2016	07/15/2026	Common Stock	3,298	$0	0	D

Explanation of Responses:

Remarks:

	/s/James F. O'Reilly, attorney-in-fact for Teri List	11/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Danaher (DHR) report in this Form 4?

The filing reports that a Danaher director exercised a stock option for 3,298 shares at $71.88 per share and sold 3,298 shares of common stock at $226.50 per share on 11/18/2025.

How many Danaher (DHR) shares does the reporting person own after the 11/18/2025 transactions?

Following the reported transactions, the director beneficially owned 20,761.994 shares of Danaher common stock directly.

What type of derivative security was involved in the Danaher (DHR) Form 4?

The derivative security was a director stock option (right to buy) Danaher common stock with an exercise price of $71.88 per share, originally exercisable from 07/15/2016 and expiring on 07/15/2026.

What transaction codes were used in the Danaher (DHR) Form 4 filing?

The filing uses code M for the exercise of the director stock option and code S for the sale of common stock on 11/18/2025.

Is the reporting person a director or officer of Danaher (DHR)?

The filing identifies the reporting person as a Director of Danaher Corporation.

Was the Danaher (DHR) Form 4 filed by one or multiple reporting persons?

The Form 4 was indicated as filed by one reporting person, not by a group.

Who signed the Danaher (DHR) Form 4 and on what date?

The form was signed by /s/ James F. O'Reilly, attorney-in-fact for Teri List on 11/19/2025.