Berkshire Hathaway Announces Class A and Class B Stock Split

New Share Structure to Increase Accessibility for Investors

Class A and B shares to experience different price points and voting rights.

Omaha, Nebraska - July 17, 2023 - Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) today announced a stock split that will create two classes of common stock, Class A and Class B. The split is intended to increase the accessibility of Berkshire Hathaway shares to a broader range of investors.

Class A shares will have a par value of $100,000 per share and will be listed on the New York Stock Exchange under the symbol "BRK.A." Class B shares will have a par value of $1,000 per share and will be listed on the New York Stock Exchange under the symbol "BRK.B." The Class A shares will initially trade at a significantly higher price than the Class B shares, reflecting the difference in their par value.

Both Class A and Class B shares will have equal voting rights, with each share entitling its holder to one vote. Class A shareholders will also have the right to receive dividends on their shares, while Class B shareholders will not. Berkshire Hathaway currently does not pay dividends on any of its shares.

The stock split is expected to take effect on January 3, 2024. Shareholders of record as of the close of business on December 2, 2023, will receive one share of Class B stock for each share of common stock they own. Fractional shares will not be issued, and shareholders will receive a cash payment in lieu of any fractional shares they are entitled to.

"We believe that this stock split will make Berkshire Hathaway shares more accessible to a wider range of investors," said Warren Buffett, Chairman and CEO of Berkshire Hathaway. "We hope that this will encourage more people to invest in our company and benefit from its long-term growth."