Berkshire Hathaway Inc - Nov 1, 2021 Form 4 Insider Report for Liberty Media Corp (LSXMA)

Role: 10%+ Owner
Signature: /s/ Berkshire Hathaway Inc., by Marc D. Hamburg
Stock symbol: LSXMA
Transactions as of: Nov 1, 2021
Transactions value $: $267,449,418
Form type: 4
Date filed: 11/3/2021, 08:50 PM
Next filing: Mar 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSXMA	Series A Liberty SiriusXM Common Stock	Purchase	$267M	+5.35M	+35.98%	$50.02	20.2M	Nov 1, 2021	See footnotes 1 and 2.	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	15,899,563 of the total reported shares of Series A Liberty SiriusXM Common Stock are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): Government Employees Insurance Company (10,370,870), GEICO Advantage Insurance Company (797,805), GEICO Indemnity Company (1,970,425), National Fire & Marine Insurance Company (933,391), and National Indemnity Company (1,827,072). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all such shares presently owned by each of these subsidiaries. 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, such shares presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F2	4,308,117 of the total reported shares of Series A Liberty SiriusXM Common Stock are owned by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (1,685,000), BNSF Master Retirement Trust (936,000), and Precision Castparts Corp. Master Trust (1,687,117). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.

Content

15,899,563 of the total reported shares of Series A Liberty SiriusXM Common Stock are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): Government Employees Insurance Company (10,370,870), GEICO Advantage Insurance Company (797,805), GEICO Indemnity Company (1,970,425), National Fire & Marine Insurance Company (933,391), and National Indemnity Company (1,827,072). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all such shares presently owned by each of these subsidiaries. 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, such shares presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

4,308,117 of the total reported shares of Series A Liberty SiriusXM Common Stock are owned by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (1,685,000), BNSF Master Retirement Trust (936,000), and Precision Castparts Corp. Master Trust (1,687,117). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.