Buffett converts 8,000 Class A shares into 12 million Class B shares for four foundations

Warren Buffett converted 8,000 Class A shares into 12,000,000 Class B shares to donate to four foundations. He said he aims to dispose of all his Berkshire shares by December 31, 2034, with grants rising each year. After the transfer he holds 188,290 Class A and 1,162 Class B shares.

• 8,000 Class A shares converted into 12,000,000 Class B shares
• 9,000,000 shares to the Susan Thompson Buffett Foundation
• 1,000,000 shares each to the Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation
• Remaining holdings: 188,290 Class A and 1,162 Class B shares
• Target: dispose of all shares by December 31, 2034