Company: BRK-A
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000950170-25-101578
Chunk: 2

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-08-04
Form: 10-Q
Item: Part II, Item 1A
Chunk 2
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Our significant business risks are described in Item 1A to Form 10-K for the year ended December 31, 2024, to which reference is made herein. The risks and uncertainties we describe are not the only ones facing us. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also impair our business or operations. Any adverse effect on our business, financial condition or operating results could result in a decline in the value of our securities and the loss of all or part of your investment. 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds and Issuer Repurchases of Equity Securities 

Berkshire’s common stock repurchase program permits Berkshire to repurchase its Class A and Class B shares any time that Warren Buffett, Berkshire’s Chairman of the Board and Chief Executive Officer, believes that the repurchase price is below Berkshire’s intrinsic value, conservatively determined. Repurchases may be in the open market or through privately negotiated transactions. No Class A or Class B shares were repurchased in the second quarter of 2025. 

     Period
     Total number ofshares purchased
      
     Average pricepaid per share
      
     Total number ofshares purchasedas part of publiclyannounced program
      
     Maximum number orvalue of shares that yetmay be repurchasedunder the program

     April
      
     —
      
     $
     —

     —
      
     *

     May
      
     —

     —

     —
      
     *

     June
      
     —

     —

     —
      
     *

——————

* The program does not specify a maximum number of shares to be repurchased or obligate Berkshire to repurchase any specific dollar amount or number of Class A or Class B shares and there is no expiration date to the repurchase program. Berkshire will not repurchase its common stock if the repurchases reduce the value of Berkshire’s consolidated cash, cash equivalents and U.S. Treasury Bills holdings to less than $30 billion.

Item 3. Defaults Upon Senior Securities 

None