| Changes in issued, treasury and outstanding Berkshire common stock |
The changes in Berkshire’s common stock for each of the three years ending December 31, 2025 are shown in the table below. In addition, one million shares of preferred stock are authorized and none are issued.
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Class A, $5 Par Value
(1.65 million shares authorized) |
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Class B, $0.0033 Par Value
(3.225 billion shares authorized) |
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Issued |
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Treasury |
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Outstanding |
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Issued |
|
Treasury |
|
Outstanding |
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Balance at December 31, 2022 |
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651,450 |
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(59,886 |
) |
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591,564 |
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1,509,969,352 |
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(207,715,276 |
) |
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1,302,254,076 |
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Conversions of Class A to
Class B common stock |
|
(12,122 |
) |
|
— |
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(12,122 |
) |
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18,183,000 |
|
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— |
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18,183,000 |
|
Treasury stock acquired |
|
— |
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(11,667 |
) |
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(11,667 |
) |
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— |
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(9,875,568 |
) |
|
(9,875,568 |
) |
Balance at December 31, 2023 |
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639,328 |
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(71,553 |
) |
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567,775 |
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1,528,152,352 |
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(217,590,844 |
) |
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1,310,561,508 |
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Conversions of Class A to
Class B common stock |
|
(15,426 |
) |
|
— |
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(15,426 |
) |
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23,139,000 |
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— |
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23,139,000 |
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Treasury stock acquired |
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— |
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(4,787 |
) |
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(4,787 |
) |
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— |
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— |
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— |
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Treasury stock issued |
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— |
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— |
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— |
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— |
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2,291,631 |
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2,291,631 |
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Balance at December 31, 2024 |
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623,902 |
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(76,340 |
) |
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547,562 |
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1,551,291,352 |
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(215,299,213 |
) |
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1,335,992,139 |
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Conversions of Class A to
Class B common stock |
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(31,727 |
) |
|
— |
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(31,727 |
) |
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47,590,500 |
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— |
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47,590,500 |
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Balance at December 31, 2025 |
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592,175 |
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(76,340 |
) |
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515,835 |
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1,598,881,852 |
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(215,299,213 |
) |
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1,383,582,639 |
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