Berkshire Hathaway Inc. News Release

Rhea-AI Summary

Warren E. Buffett has converted 9,608 A shares into 14,412,000 B shares to donate 14,414,136 shares of Berkshire Hathaway B stock to five foundations. The Bill & Melinda Gates Foundation Trust received the largest portion of 11,003,166 shares, while the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation each received 770,218 shares. Following the donation, Buffett now holds 229,016 A shares and 276 B shares.

Positive

• Significant charitable contribution of over 14 million shares boosts the company's philanthropic image.

Negative

• Buffett's share conversion could indicate a strategic shift in asset management.

OMAHA, Neb.--(BUSINESS WIRE)-- (BRK.A; BRK.B) –

Today, Warren E. Buffett has converted 9,608 A shares into 14,412,000 B shares in order to donate 14,414,136 shares of Berkshire Hathaway “B” stock to five foundations: 11,003,166 to the Bill & Melinda Gates Foundation Trust, 1,100,316 shares to the Susan Thompson Buffett Foundation and 770,218 shares to each of the Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation. The donations have been delivered today.

Mr. Buffett’s ownership of Berkshire now consists of 229,016 A shares and 276 B shares.

About Berkshire

Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220614005982/en/

Marc D. Hamburg

402-346-1400

Source: Berkshire Hathaway

FAQ

What recent donation did Warren Buffett make to Berkshire Hathaway foundations?

Warren Buffett donated 14,414,136 shares of Berkshire Hathaway B stock to five foundations.

How many shares of Berkshire Hathaway does Warren Buffett own now?

Warren Buffett now holds 229,016 A shares and 276 B shares.

Which foundations received shares from Warren Buffett's donation?

The Bill & Melinda Gates Foundation Trust, Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation received shares.

What is the total number of shares Warren Buffett converted from A to B shares?

Warren Buffett converted 9,608 A shares into 14,412,000 B shares.

When was the donation of Berkshire Hathaway shares made?

The donation was announced today.