Berkshire Hathaway Inc - Jul 22, 2024 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
10%+ Owner
Signature
/s/ Warren E. Buffett, on behalf of himself and each other reporting person hereunder
Stock symbol
BAC
Transactions as of
Jul 22, 2024
Transactions value $
-$802,486,391
Form type
4
Date filed
7/24/2024, 08:00 PM
Previous filing
Jul 19, 2024
Next filing
Jul 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAC Common Stock Sale -$269M -6.35M -0.64% $42.41 993M Jul 22, 2024 See footnotes F1, F2, F3, F4, F5
transaction BAC Common Stock Sale -$303M -7.13M -0.72% $42.56 985M Jul 23, 2024 See footnotes F2, F3, F4, F5, F6
transaction BAC Common Stock Sale -$230M -5.42M -0.55% $42.39 980M Jul 24, 2024 See footnotes F2, F3, F4, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.9600 to $42.8600. The Reporting Persons undertake to provide Bank of America Corporation ("Bank of America"), any security holder of Bank of America, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 1 to this Form 4.
F2 980,061,561 of the total reported securities are owned as of July 24, 2024 by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): AmGUARD Insurance Company (521,000), Berkshire Hathaway Direct Insurance Company (850,000), Berkshire Hathaway Homestate Insurance Company (11,900,000), Berkshire Hathaway International Insurance Ltd. (807,000), Berkshire Hathaway Life Insurance Company of Nebraska (14,777,000), Berkshire Hathaway Specialty Insurance Company (6,489,000), BH Finance LLC (140,000,000), BHG Life Insurance Company (2,560,000), Central States Indemnity Co. of Omaha (3,920,000), Columbia Insurance Company (25,028,000), Cypress Insurance Company (2,100,000), Finial Reinsurance Company (10,185,480), First Berkshire Hathaway Life Insurance Company (145,500),
F3 Continued from footnote 2: Government Employees Insurance Company (230,580,000), GEICO Indemnity Company (81,200,000), General Reinsurance Corporation (14,000,000), General Star Indemnity Company (5,040,000), General Star National Insurance Company (1,960,000), The Medical Protective Company (10,956,000), Mount Vernon Fire Insurance Company (7,000,000), National Fire & Marine Insurance Company (39,675,000), National Indemnity Company (322,233,581), National Liability & Fire Insurance Company (28,000,000), National Indemnity Company of Mid America (2,380,000), National Indemnity Company of the South (2,800,000), NorGUARD Insurance Company (868,000), NRG America Holding Company (5,600,000),
F4 Continued from footnote 3: Oak River Insurance Company (4,200,000), Old United Casualty Company (443,000), Princeton Insurance Company (1,043,000) and United States Liability Insurance Company (2,800,000). In order to avoid double counting, shares of Common Stock reported as being owned by each of these subsidiaries only reflect shares that are owned directly by such subsidiary, and do not reflect any shares that such subsidiary may be deemed to beneficially own by virtue of ownership or control of any other subsidiary otherwise reported in this Form 4.
F5 As Berkshire is in the chain of ownership of each subsidiary listed, it may be deemed presently to both beneficially own and have a pecuniary interest in all shares presently directly owned by such 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, the shares presently owned by each of these subsidiaries. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.1600 to $42.7800. The Reporting Persons undertake to provide Bank of America, any security holder of Bank of America, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 6 to this Form 4.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.0800 to $42.7500. The Reporting Persons undertake to provide Bank of America, any security holder of Bank of America, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 7 to this Form 4.