Berkshire trims DaVita (NYSE: DVA) stake with 1.22M-share sale

Rhea-AI Filing Summary

DaVita Inc. insider filing shows a large share sale by Berkshire Hathaway–related entities. An entity associated with Berkshire completed an open-market sale of 1,220,376 shares of DaVita common stock at an average price of $149.8429 per share. After this transaction, Berkshire-associated holdings reported in the filing total 28,880,209 DaVita shares, held indirectly.

The filing explains that 13,906,601 of these shares are owned by Government Employees Insurance Company, a Berkshire subsidiary, and 14,973,608 shares are owned by pension plans of Berkshire subsidiaries. Berkshire and Warren E. Buffett disclaim beneficial ownership in certain shares except to the extent of any pecuniary interest.

Insider Trade Summary

Net Seller: 1,220,376 shares

Net Sell 1 txn

Insider BERKSHIRE HATHAWAY INC, BUFFETT WARREN E

Role 10% Owner | 10% Owner

Sold 1,220,376 shs ($182.86M)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,220,376	$149.8429	$182.86M

Holdings After Transaction: Common Stock — 28,880,209 shares (Indirect, See footnotes)

Footnotes (2)

1. F1. 13,906,601 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. F2. 14,973,608 of the total reported securities are owned by the following pension plans of Berkshire's subsidiaries: BNSF Master Retirement Trust (4,441,520) and Berkshire Hathaway Inc. Consolidated Pension Plan (10,532,088); each of Berkshire, Mr. Buffett and these pensions plan disclaim beneficial ownership in such shares.

Key Figures

Shares sold: 1,220,376 shares Average sale price: $149.8429 per share Shares held after transaction: 28,880,209 shares +2 more

5 metrics

Shares sold 1,220,376 shares Open-market sale of DaVita common stock

Average sale price $149.8429 per share Price for DaVita shares sold in the reported transaction

Shares held after transaction 28,880,209 shares Indirect DaVita holdings reported post-transaction

GEICO-held DaVita shares 13,906,601 shares Owned by Government Employees Insurance Company

Pension plan DaVita shares 14,973,608 shares Held by BNSF Master Retirement Trust and Berkshire Hathaway Inc. Consolidated Pension Plan

Key Terms

beneficially own, pecuniary interest, disclaims beneficial ownership, pension plans, +1 more

5 terms

beneficially own financial

"it may be deemed presently to both beneficially own and have a pecuniary interest"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pecuniary interest financial

"beneficially own, but only to the extent he has a pecuniary interest"

disclaims beneficial ownership financial

"Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent"

pension plans financial

"are owned by the following pension plans of Berkshire's subsidiaries"

Pension plans are arrangements where employers, governments or individuals set aside money during working years to provide a steady income in retirement, like a long-term savings pool that pays out monthly benefits later. They matter to investors because pension funds are major, long-term holders of stocks and bonds and their funding health can create large future liabilities or cash needs that affect a company’s finances, creditworthiness and stock value.

ten percent owner financial

"is_ten_percent_owner": 1"

FAQ

What did Berkshire Hathaway-related entities do in this DaVita (DVA) Form 4 filing?

Berkshire Hathaway–related entities reported an open-market sale of 1,220,376 DaVita common shares at an average price of $149.8429 each. Following the transaction, they reported indirect holdings of 28,880,209 DaVita shares in total across several affiliated entities.

How many DaVita (DVA) shares do Berkshire-related entities hold after this sale?

After the reported sale, Berkshire-related entities hold 28,880,209 DaVita common shares indirectly. These holdings are spread across a Berkshire insurance subsidiary and certain pension plans, as detailed in the footnotes to the Form 4 filing for DaVita Inc.

Which Berkshire Hathaway entities hold DaVita (DVA) shares according to the Form 4?

The filing states that 13,906,601 DaVita shares are owned by Government Employees Insurance Company, a Berkshire subsidiary. Another 14,973,608 shares are owned by BNSF Master Retirement Trust and Berkshire Hathaway Inc. Consolidated Pension Plan, which are pension plans of Berkshire subsidiaries.

How is Warren E. Buffett’s interest in DaVita (DVA) described in the Form 4?

The filing notes Warren E. Buffett, as controlling stockholder of Berkshire, may be deemed to beneficially own DaVita shares to the extent of his pecuniary interest. However, he disclaims beneficial ownership of the reported securities except for any portion representing his actual economic interest.

Was the DaVita (DVA) transaction by Berkshire a purchase or a sale?

The Form 4 reports a sale of DaVita common stock by a Berkshire-associated holder. It records an open-market sale of 1,220,376 shares coded as an "S" transaction, which the filing describes as a sale in an open market or private transaction.

Are DaVita (DVA) shares in Berkshire pension plans treated as owned by Berkshire or Warren Buffett?

The filing states that 14,973,608 DaVita shares are held by specified pension plans of Berkshire subsidiaries. Berkshire, Warren E. Buffett, and the pension plans each disclaim beneficial ownership of these shares, meaning they do not assert full personal ownership despite being in the ownership chain.

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Accepted by SEC EDGAR 05/05/2026 - 06:52 PM Learn about SEC filing dates

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
Estimated average burden
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 NEBRASKA 68131

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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

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

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

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	05/01/2026		S		1,220,376	D	$149.8429	28,880,209	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 NEBRASKA 68131

(City) (State) (Zip)

UNITED STATES

(Country)

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 NEBRASKA 68131

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. 13,906,601 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. 14,973,608 of the total reported securities are owned by the following pension plans of Berkshire's subsidiaries: BNSF Master Retirement Trust (4,441,520) and Berkshire Hathaway Inc. Consolidated Pension Plan (10,532,088); each of Berkshire, Mr. Buffett and these pensions plan disclaim beneficial ownership in such shares.

	/s/ Warren E. Buffett, on behalf of himself and each other reporting person hereunder	05/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)