Berkshire Vice Chairman Ajit Jain's foundation sells $20 million of Class B stock

A nonprofit foundation linked to Berkshire Hathaway Vice Chairman Ajit Jain sold 39,700 Berkshire Class B shares on Sept. 28, according to a Form 4 filed Sept. 29.

Jain Foundation, Inc. sold the shares at an average price of about $503.09, for proceeds of roughly $20.0 million, an IDD calculation from the reported price. Jain is also a Berkshire director.

After the sale, the foundation held 67,608 Class B shares and 50 Class A shares, the filing shows. Jain reported 317 Class B shares held directly. Family trusts set up for the benefit of his descendants own another 55 Class A shares in total.

Each Berkshire Class A share can be converted at any time into 1,500 Class B shares, the filing notes.

By the numbers

• Class B shares sold Sept. 28: 39,700
• Average price: about $503.09
• Approximate proceeds: $20.0 million
• Foundation holdings afterward: 67,608 Class B and 50 Class A

Sources

1. Berkshire Hathaway Inc. Form 4 (Ajit Jain), filed Sept. 29, 2026, accession 0001728451-26-000004

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.