DaVita (DVA) CFO exercises 44,065 SARs and sells 32,168 shares

Rhea-AI Filing Summary

DaVita Inc. CFO Joel Ackerman reported multiple equity transactions on February 6, 2026. He exercised 44,065 Stock Appreciation Rights at an exercise price of $108.93, receiving the same number of DaVita common shares. He then sold 32,168 common shares at $149.22 and had 5,100 shares withheld to cover tax obligations tied to the option exercise. After these transactions, he directly owned 148,437 DaVita common shares.

Insights

Equity compensation and insider-transactions analyst

Routine equity compensation exercise with partial sale and tax withholding, not a thesis-changing event.

DaVita CFO Joel Ackerman exercised 44,065 Stock Appreciation Rights at an exercise price of $108.93, receiving the same number of common shares. This reflects normal use of long-term incentive awards granted in 2021 and vesting over 2024 and 2025.

He sold 32,168 shares at $149.22 and had 5,100 shares withheld to cover tax obligations related to the exercise, leaving him with 148,437 directly held shares. The filing characterizes the withheld shares explicitly as payment of the base price and tax withholding, which is typical for equity compensation events.

Because these transactions arise from vested awards and standard tax handling, and there is no indication of unusual timing or size in the excerpt, they appear administrative rather than signaling a change in company outlook. Subsequent company filings may provide additional context on future equity grants or exercises.

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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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^*

ACKERMAN JOEL

(Last) (First) (Middle)

C/O DAVITA INC.

2000 16TH STREET

(Street)

DENVER CO 80202

(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		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and Treasuer

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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	02/06/2026		M		44,065	A	$108.93	185,705	D
Common Stock	02/06/2026		D		32,168(1)	D	$149.22	153,537	D
Common Stock	02/06/2026		F		5,100(2)	D	$149.22	148,437	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
Stock Appreciation Rights	$108.93	02/06/2026		M			44,065	(3)	03/15/2026	Common Stock	44,065	$0	0	D

Explanation of Responses:

1. Represents the shares withheld in payment of the base price in connection with the exercise of Stock Appreciation Rights reported on this Form 4.

2. Represents the shares withheld to satisfy the tax withholding obligation in connection with the exercise of Stock Appreciation Rights reported on this Form 4.

3. The Stock Appreciation Rights were granted on March 15, 2021, which vested 50% each on March 15, 2024 and March 15, 2025.

Remarks:

	/s/ Stephanie Berberich, Attorney-in-Fact	02/09/2026
	** 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.

FAQ

What insider transactions did DaVita (DVA) CFO Joel Ackerman report on February 6, 2026?

Joel Ackerman reported exercising 44,065 Stock Appreciation Rights at $108.93, receiving 44,065 DaVita shares. He then sold 32,168 shares at $149.22 and had 5,100 shares withheld for taxes, ending with 148,437 directly owned shares.

How many DaVita (DVA) shares does CFO Joel Ackerman own after the reported Form 4 transactions?

After the February 6, 2026 transactions, Joel Ackerman directly owns 148,437 DaVita common shares. This figure reflects the exercise of 44,065 Stock Appreciation Rights, the sale of 32,168 shares, and 5,100 shares withheld to cover related tax obligations.

What price did DaVita (DVA) CFO Joel Ackerman receive for the common shares he sold?

Joel Ackerman sold 32,168 DaVita common shares at $149.22 per share. This transaction followed his exercise of 44,065 Stock Appreciation Rights, which had a base exercise price of $108.93 per share granted under his equity compensation program.

What are the details of the Stock Appreciation Rights exercised by DaVita (DVA) CFO Joel Ackerman?

Ackerman exercised 44,065 Stock Appreciation Rights with an exercise price of $108.93 per share. These rights were granted on March 15, 2021 and vested in two 50% installments on March 15, 2024 and March 15, 2025, yielding 44,065 DaVita common shares.

Why were 5,100 DaVita (DVA) shares withheld in Joel Ackerman’s Form 4 filing?

The filing states that 5,100 shares were withheld to satisfy tax withholding obligations related to the Stock Appreciation Rights exercise. Such share withholding is a common method companies use to cover payroll taxes when executives exercise equity awards.

Is DaVita (DVA) CFO Joel Ackerman’s February 2026 Form 4 primarily a sale or compensation event?

The Form 4 primarily reflects an equity compensation event, where Ackerman exercised 44,065 Stock Appreciation Rights. It also includes a sale of 32,168 shares and 5,100 shares withheld for taxes, combining compensation realization with partial monetization and tax settlement.