Form 4: 1,635,962 DaVita Shares Sold by Berkshire/Buffett

Rhea-AI Filing Summary

Form 4 summary: Berkshire Hathaway Inc. and Warren E. Buffett reported an insider sale of DaVita Inc. (DVA) common stock.

Key facts:

• Transaction date: 07/31/2025.
• Sold 1,635,962 shares of Common Stock at $140.6052 per share.
• Amount of securities beneficially owned following the transaction: 32,160,579 (indirect).
• Footnote ownership: 15,528,491 shares held by Government Employees Insurance Company (GEICO), and 16,632,088 shares held by two pension plans (BNSF Master Retirement Trust: 6,100,000; Berkshire Hathaway Inc. Consolidated Pension Plan: 10,532,088).
• Form signed by Warren E. Buffett on 08/04/2025.

Positive

• None.

Negative

• Insider sale: Berkshire/Warren E. Buffett reported a sale of 1,635,962 DVA shares rather than an acquisition.
• Size relative to holdings: The sale equals approximately 5.09% of the reported indirect beneficial ownership (1,635,962 of 32,160,579), which is material in scale.

Insights

Financial Analyst

TL;DR: A >1.6M-share insider sale at $140.6052 was reported; transaction size is measurable versus reported indirect holdings.

The filing discloses a sale of 1,635,962 DaVita shares on 07/31/2025 at $140.6052. Post-transaction indirect beneficial ownership is reported as 32,160,579 shares. The sale size equals approximately 5.09% of the reported indirect holdings (1,635,962/32,160,579). The report provides clear transaction date, price, quantities and footnoted ownership by GEICO and pension plans, enabling quantitative assessment without additional assumptions.

Corporate Governance Expert

TL;DR: Significant divestiture by a major holder disclosed; governance and disclosure are transparent but the sale is notable in scale.

The Form 4 shows Berkshire and Warren E. Buffett as reporting persons with relationship checkboxes for Director and 10% owner. The disclosed sale of 1,635,962 shares is explicitly documented and accompanied by footnotes detailing subgroup ownership (GEICO and pension plans). Given the transaction represents roughly 5.09% of the reported indirect post-transaction holdings, the disclosure is material for governance monitoring. The filing is properly signed (08/04/2025) and includes explicit ownership breakdowns, supporting compliance and oversight review.

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

OMB Number:			3235-0287
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hours per response:			0.5

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^*

BERKSHIRE HATHAWAY INC

(Last) (First) (Middle)

3555 FARNAM STREET

(Street)

OMAHA NE 68131

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DAVITA INC. [ DVA ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

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

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

	Form filed by One Reporting Person
X	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	07/31/2025		S		1,635,962	D	$140.6052	32,160,579	I	See footnotes(1)(2)

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

1. Name and Address of Reporting Person^*

BERKSHIRE HATHAWAY INC

(Last) (First) (Middle)

3555 FARNAM STREET

(Street)

OMAHA NE 68131

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

BUFFETT WARREN E

(Last) (First) (Middle)

3555 FARNAM STREET

(Street)

OMAHA NE 68131

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. 15,528,491 of the total reported securities are owned by Government Employees Insurance Company, a subsidiary of Berkshire Hathaway Inc. ("Berkshire"). As Berkshire is in the chain of ownership of this subsidiary, it may be deemed presently to both beneficially own and have a pecuniary interest in all shares of Common Stock presently owned by the subsidiary. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, the shares of Common Stock presently owned by the subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

2. 16,632,088 of the total reported securities are owned by the following pension plans of Berkshire's subsidiaries: BNSF Master Retirement Trust (6,100,000) and Berkshire Hathaway Inc. Consolidated Pension Plan (10,532,088); each of Berkshire, Mr. Buffett and these pension plans disclaim beneficial ownership in such shares.

	/s/ Warren E. Buffett, on behalf of himself and each other reporting person hereunder	08/04/2025
	** 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 transaction was reported for DaVita (DVA)?

The filing reports a sale of 1,635,962 common shares on 07/31/2025 at $140.6052 per share.

Who are the reporting persons on the Form 4 for DVA?

The reporting persons are Berkshire Hathaway Inc. and Warren E. Buffett, each listed as a Director and 10% owner.

How many DVA shares were reported as beneficially owned after the transaction?

The Form reports 32,160,579 shares as beneficially owned following the reported transaction (indirect).

What ownership breakdowns are disclosed in the footnotes?

Footnotes state 15,528,491 shares are owned by Government Employees Insurance Company (GEICO) and 16,632,088 shares by pension plans (BNSF Master Retirement Trust: 6,100,000; Berkshire Consolidated Pension Plan: 10,532,088).

When was the Form 4 signed?

The form is signed by Warren E. Buffett on 08/04/2025.