Danaher director Mitchell Rales reports November 2025 stock sales

Rhea-AI Filing Summary

Danaher Corp. (DHR) director and officer Mitchell P. Rales reported selling common stock in the company. On November 25, 2025, a family trust for which he serves as trustee sold 35,899 shares at a weighted average price of $230.27 and 4,726 shares at a weighted average price of $231.19.

After these transactions, the Mitchell P. Rales Family Trust held 850,000 Danaher shares. Rales also has additional beneficial holdings, including 553,228 shares held directly, shares in a 401(k) plan, shares in custodial accounts for his daughter (for which he disclaims beneficial ownership), and 25,671,000 shares held through single-member LLCs owned by a revocable trust of which he is sole trustee and beneficiary.

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

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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^*

RALES MITCHELL P

(Last) (First) (Middle)

11790 GLEN ROAD

(Street)

POTOMAC MD 20854

(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
X	Officer (give title below)		Other (specify below)
	Chairman of Exec. Committee

3. Date of Earliest Transaction (Month/Day/Year)
11/25/2025

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, par value $.01	11/25/2025		S		35,899	D	$230.27(1)	854,726	I	Through the Mitchell P. Rales Family Trust(2)
Common Stock, par value $.01	11/25/2025		S		4,726	D	$231.19(3)	850,000	I	Through the Mitchell P. Rales Family Trust(2)
Common Stock, par value $.01								553,228	D
Common Stock, par value $.01								667	I	By 401(k) Plan
Common Stock, par value $.01								3,256	I	By trust for daughter(4)
Common Stock, par value $.01								3,256	I	By trust for daughter(4)
Common Stock, par value $.01								25,671,000	I	Through single-member LLCs(5)

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

Explanation of Responses:

1. The price reported in Column 4 represents a weighted average sales price of $230.27. These shares were sold in multiple transactions at prices ranging from $230.00 to $230.95, inclusive. The reporting person undertakes to provide to Danaher Corp., any security holder of Danaher Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

2. The Reporting Person is the trustee of the Mitchell P. Rales Family Trust.

3. The price reported in Column 4 represents a weighted average sales price of $231.19. These shares were sold in multiple transactions at prices ranging from $231.00 to $231.44, inclusive. The reporting person undertakes to provide to Danaher Corp., any security holder of Danaher Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

4. The reported shares are held through custodial accounts for the benefit of the Reporting Person's daughter. The Reporting Person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.

5. The reported shares are held through single-member LLCs, of which a revocable trust with the Reporting Person as the sole trustee and beneficiary is the sole member.

	By: /s/ Mitchell P. Rales	11/26/2025
	** 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.
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FAQ

What did Mitchell P. Rales report in this Form 4 for Danaher (DHR)?

Mitchell P. Rales, a director and Chairman of the Executive Committee of Danaher Corp., reported sales of the company’s common stock by entities he controls, primarily the Mitchell P. Rales Family Trust.

How many Danaher (DHR) shares were sold in the reported transactions?

The family trust sold 35,899 Danaher common shares at a weighted average price of $230.27 and an additional 4,726 shares at a weighted average price of $231.19 on November 25, 2025.

What was the sale price range for the Danaher (DHR) shares sold?

For the first sale, prices ranged from $230.00 to $230.95. For the second sale, prices ranged from $231.00 to $231.44, with each reported as a weighted average in the form.

How many Danaher (DHR) shares does the Mitchell P. Rales Family Trust hold after the sales?

Following the reported transactions, the Mitchell P. Rales Family Trust held 850,000 shares of Danaher common stock.

What other Danaher (DHR) holdings are reported for Mitchell P. Rales?

In addition to the family trust, Rales reports 553,228 shares held directly, shares held in a 401(k) plan, shares held in trusts or custodial accounts for his daughter, and 25,671,000 shares held through single-member LLCs owned by a revocable trust of which he is sole trustee and beneficiary.

Does Mitchell P. Rales claim beneficial ownership of shares held for his daughter?

The filing states that the reported shares held through custodial accounts for his daughter are for her benefit and that Rales disclaims beneficial ownership of those shares.

What is Mitchell P. Rales’s relationship to Danaher (DHR)?

Rales is listed as both a Director and an Officer of Danaher Corp., serving specifically as Chairman of the Executive Committee.