MICHAEL DAVID STAFFIERI - 21 Feb 2024 Form 4 Insider Report for DAVITA INC. (DVA)

Role
Chief Operating Officer, DKC
Signature
/s/ Stephanie N. Berberich, Attorney-in-Fact
Issuer symbol
DVA
Transactions as of
21 Feb 2024
Transactions value $
-$6,965,001
Form type
4
Filing time
23 Feb 2024, 17:44:36 UTC
Previous filing
17 May 2023
Next filing
08 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DVA Common Stock Options Exercise $5,241,000 +100,000 +265% $52.41 137,687 21 Feb 2024 Direct
transaction DVA Common Stock Disposed to Issuer -$5,241,030 -42,610 -31% $123 95,077 21 Feb 2024 Direct F1
transaction DVA Common Stock Tax liability -$3,431,946 -27,902 -29% $123 67,175 21 Feb 2024 Direct F2
transaction DVA Common Stock Sale -$3,533,025 -29,488 -44% $119.81 37,687 21 Feb 2024 Direct F3, F4, F5
holding DVA Common Stock 158,506 21 Feb 2024 by 2012 Staffieri Family Trust F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DVA Common Stock Options Exercise $0 -100,000 -50% $0 100,000 21 Feb 2024 Stock Appreciation Rights 100,000 $52.41 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the shares withheld in payment of the base price in connection with the exercise of Stock Appreciation Rights reported on this Form 4.
F2 Represents the shares withheld to satisfy the tax withholding obligation in connection with the exercise of Stock Appreciation Rights reported on this Form 4.
F3 Represents the weighted average sale price of $119.8123. The range of prices for the sale of these shares was $119.43 - $120.49 rounded to the nearest hundredths. The reporting person undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4 The number of shares reported include shares acquired under DaVita Employee Stock Purchase Plan, an exempt transaction pursuant to Rule 16b-3.
F5 Excludes 89,015 shares previously held by the reporting person directly which were transferred into the 2012 Staffieri Family Trust in transactions exempt from Section 16 reporting pursuant to Rule 16a-13.
F6 The Stock Appreciation Rights were granted on June 20, 2019, which vested 50% each on June 20, 2022 and June 20, 2023.