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DVADaVita · Insider ownership research

DaVita insiders sold $35.0M in the past 12 months. How much of their stake is that?

About 12% overall. As a group they still hold 94% of their starting shares.

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 368 of the 490 other companies we can measure (#123 of 491)See ranking
0
buyers among officers and directors, past 12 months
4.9%
of sales were under disclosed trading plans, past 12 months
5 of 15
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026
Sep 22, 2026David Maughan had 7.5K shares ($1.4M) withheld by the company for taxes (not a market sale). That is 8.0% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
David Maughan
Chief Operating Officer, DKC
7,501$182.348.0%86KSep 22, 2026Sep 24, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? More than usual: about 1.6x the 5-year average. 5 insiders sold; the average is 5 a year. Year by year
Latest filing: Filed Sep 24 for a tax withholding on Sep 22. David Maughan had 7.5K shares withheld by the company for taxes. Filing
57 SEC ownership filings in the period · See the evidence

What stands out

Two officers sold more than 25% of vested holdings: Joel Ackerman (36% of holdings, $9.9M, none under a disclosed plan) and James Hearty (66% of holdings, $3.3M, 12% under a disclosed plan).Joel Ackerman: largest sale, May 7, 2026 · James Hearty: largest sale, May 15, 2026
Three officers sold $20.5M with no disclosed plan: Javier Rodriguez ($14.5M, 7.8% of holdings), David Maughan ($4.1M, 17%) and Kathleen Waters ($1.9M, 9.2%). The filings don't state a reason.Javier Rodriguez: largest such sale, Jun 16, 2026 · David Maughan: largest such sale, May 12, 2026 · Kathleen Waters: largest such sale, Jun 15, 2026
Outside holder BERKSHIRE HATHAWAY INC, a 10% owner and not part of management, sold $474M of stock.Largest sale, Jan 29, 2026

Percentages cover all 15 officers and directors. Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stakeAdded during the period
Javier Rodriguez
Chief Executive Officer, Director
7.8% · $14.5MNo plan disclosed
Joel Ackerman
CFO and Treasurer
36% · $9.9MNo plan disclosed
David Maughan
Chief Operating Officer, DKC
17% · $4.1MNo plan disclosed
James Hearty
Chief Compliance Officer
66% · $3.3M12% planned 88% no plan disclosed
Kathleen Waters
Chief Legal & Pub. Affairs Off
Sold 16%, but 8.1K shares were added (mostly vesting), so the stake grew
16% · $3.2M42% planned 58% no plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDecJanFebMarAprMay 2026: $382K under a disclosed planMay 2026: $16.9M no plan disclosedMayJun 2026: $1.4M under a disclosed planJun 2026: $16.4M no plan disclosed$17.7MJunJulAugSepOct

Outside holders, reported separately

BERKSHIRE HATHAWAY INC sold $474M in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the DaVita CEO selling stock?

Yes. Javier Rodriguez sold 69K shares ($14.5M, 7.8% of starting holdings) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are DaVita insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 5% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 95% had no disclosed plan. A trading plan schedules sales in advance.

Are any DaVita insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did DaVita insiders sell?

About 12% overall. As a group they still hold 94% of their starting shares. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold5 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Javier Rodriguez
Chief Executive Officer, Director
$14.5M
69K shares
7.8%No plan disclosed
Joel Ackerman
CFO and Treasurer
$9.9M
51K shares
36%No plan disclosed
David Maughan
Chief Operating Officer, DKC
$4.1M
21K shares
17%No plan disclosed
James Hearty
Chief Compliance Officer
$3.3M
17K shares
66%12% under a disclosed plan 88% no plan disclosed
Kathleen Waters
Chief Legal & Pub. Affairs Off
$3.2M
15K shares
16%42% under a disclosed plan 58% no plan disclosed

Outside holder, reported separately: BERKSHIRE HATHAWAY INC (a 10% owner, not part of management). Sold $474M (3.46M shares) from Oct 27, 2025 to Jul 31, 2026. Holds 28.70M shares. Latest filing

The full ownership picture15 of 15 insiders fully reconciled · 15 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
Javier Rodriguez
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Chief Executive Officer, Director
894K−69K840K94%
Vesting, gifts, unvested awards and holding lines for Javier Rodriguez
0shares vested or exercised
0gifted (net of own trusts)
−5.2Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock894,080840,408

Additional holdings last reported Aug 14, 2012, not confirmed since: 78,264 shares. Not included in any total or percentage on this page.

Joel Ackerman
CFO and Treasurer
142K−51K132K94%
Vesting, gifts, unvested awards and holding lines for Joel Ackerman
+44Kshares vested or exercised
0gifted (net of own trusts)
−48Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock141,640132,434
David Maughan
i
Minor difference of 167 shares. Difference is under 0.5% of holdings. Includes unvested RSUs, amount not disclosed.
Chief Operating Officer, DKC
122K−21K87K71%
Vesting, gifts, unvested awards and holding lines for David Maughan
0shares vested or exercised
0gifted (net of own trusts)
−21Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock122,26686,604

Reconciliation: minor difference of 167 shares. Difference is under 0.5% of holdings.

Kathleen Waters
Chief Legal & Pub. Affairs Off
98K−15K109K+12%
Vesting, gifts, unvested awards and holding lines for Kathleen Waters
+8.1Kshares vested or exercised
0gifted (net of own trusts)
−35Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock97,754109,194
Charles Berg
Director
27K027Kno sales
Vesting, gifts, unvested awards and holding lines for Charles Berg
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock19,98219,982
Charles G. Berg 2016 Family Trust U/A DTD 02/05/2016Common Stock7,0477,047
James Hearty
Chief Compliance Officer
26K−17K22K86%
Vesting, gifts, unvested awards and holding lines for James Hearty
+12Kshares vested or exercised
0gifted (net of own trusts)
−13Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock26,03822,389
Pamela Arway
Director
26K027Kno sales
Vesting, gifts, unvested awards and holding lines for Pamela Arway
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock25,95227,223
Christopher Berry
Chief Accounting Officer
16K020Kno sales
Vesting, gifts, unvested awards and holding lines for Christopher Berry
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock15,99119,640
Phyllis Yale
Director
14K09.8Kno sales
Vesting, gifts, unvested awards and holding lines for Phyllis Yale
0shares vested or exercised
−5Kgifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock13,5709,803
Barbara Desoer
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
13K014Kno sales
Vesting, gifts, unvested awards and holding lines for Barbara Desoer
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock369278
Marc J. Desoer and Barbara J. Desoer 1998 Trust dated September 7, 1998Common Stock12,65914,021

Additional holdings last reported Sep 30, 2016, not confirmed since: 642 shares. Not included in any total or percentage on this page.

Gregory Moore
Director
6.8K08.1Kno sales
Vesting, gifts, unvested awards and holding lines for Gregory Moore
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock6,8208,091
Jason Hollar
Director
5.6K06.9Kno sales
Vesting, gifts, unvested awards and holding lines for Jason Hollar
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock5,6126,883
Adam Schechter
Director
4.7K06Kno sales
Vesting, gifts, unvested awards and holding lines for Adam Schechter
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock4,6995,970
Wendy Schoppert
Director
2.9K04.2Kno sales
Vesting, gifts, unvested awards and holding lines for Wendy Schoppert
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock369278
Wendy L. Schoppert Revocable TrustCommon Stock2,5253,887
Dennis Pullin
Director
1.7K02.9Kno sales
Vesting, gifts, unvested awards and holding lines for Dennis Pullin
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock1,6782,949

15 of 15 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (14 exactly, 1 with a minor or footnoted difference). Percentages cover all 15 officers and directors. "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$35.0M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $35.0M across 173,996 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($33.3M), including tax-related sales outside a plan.

No plan disclosed · $33.3M

Sales with no 10b5-1 plan and no tax reference in the filing. $14.5M of it is Javier Rodriguez. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Joel Ackerman, May 7, 2026

Taxes

121,271 shares ($18.4M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Javier Rodriguez
Chief Executive Officer, Director
69K$14.5M0%42%Jun 15, 2026 to Jun 16, 2026
Joel Ackerman
CFO and Treasurer
51K$9.9M0%28%May 7, 2026 to May 7, 2026
David Maughan
Chief Operating Officer, DKC
21K$4.1M0%12%May 11, 2026 to May 12, 2026
James Hearty
Chief Compliance Officer
17K$3.3M12%9%May 6, 2026 to May 15, 2026
Kathleen Waters
Chief Legal & Pub. Affairs Off
15K$3.2M42%9%Jun 15, 2026 to Jun 15, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$17.3M$382K$0$16.9M
Jun 2026$17.7M$1.4M$0$16.4M
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 1.6x the 5-year average. 5 insiders sold; the average is 5 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
174K5$35.0M
Oct 9, 2025
1 year earlier
2.4K1$353K
Oct 9, 2024
2 years earlier
366K6$52.4M
Oct 10, 2023
3 years earlier
55K6$5.5M
Oct 10, 2022
4 years earlier
3.5K3$351K
Oct 10, 2021
5 years earlier
126K10$15.2M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

David Maughan: minor difference of 167 shares. Difference is under 0.5% of holdings.

Inferred rename: "PTG GRAT 12" is treated as the same holder as "GRAT", because the old name was never reported again and the new one opened with the same balance (61,930 shares). Old name, new name

Inferred rename: "John M. Nehra Jr., Trustee, John Nehra Revocable Trust UAD 09/23/09" is treated as the same holder as "John Nehra Revocable Trust UAD 9/23/2009", because the old name was never reported again and the new one opened with the same balance (81,595 shares). Old name, new name

Inferred rename: "Javier Rodriguez & Jodi L. Rodriguez JT Ten" is treated as the same holder as "Trust", because the old name was never reported again and the new one opened with the same balance (118,810 shares). Old name, new name

Inferred rename: "Trust" is treated as the same holder as "Zumwalt 2000 Family Trust", because the old name was never reported again and the new one opened with the same balance (807 shares). Old name, new name

Inferred rename: "following subsidiaries of Berkshire Hathaway Inc" is treated as the same holder as "Government Employees Insurance Company", because the old name was never reported again and the new one opened with the same balance (36,095,570 shares). Old name, new name

Inferred rename: "certain subsidiaries and subsidiary benefit plans of Berkshire Hathaway Inc" is treated as the same holder as "Berkshire, Berkshire's subsidiaries and its subsidiary pension plans", because the old name was never reported again and the new one opened with the same balance (29,947,812 shares). Old name, new name

Inferred rename: "Rita E. Weschler Trust" is treated as the same holder as "certain relatives of the reporting person, but", because the old name was never reported again and the new one opened with the same balance (50,000 shares). Old name, new name

Inferred typo: the share class "CommonStock" is treated as the same class as "Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (William Roper, 21,048 shares): old title, new title

Inferred typo: the share class "Common Stoack" is treated as the same class as "Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Laura Mildenberger, 6,736 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology2,363 filings from SEC EDGAR, and how we read them

All 2,363 Forms 3, 4 and 5 filed for DaVita (SEC CIK 927066) from Aug 26, 1998 to Sep 24, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 3 filings were left out because DaVita filed them as an owner of another company's stock. 130 older filings exist only on paper and could not be read.

Probable 3-for-2 stock split on or before Jun 21, 2004 (first filing that shows post-split balances). Splits aren't reported as transactions; 8 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 2-for-1 stock split on or before Sep 9, 2013 (split date stated in a footnote). Splits aren't reported as transactions; 18 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (47)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Michael StaffieriAug 19, 2024367,871 shares, last reported balance as of Aug 16, 2024
John NehraMay 17, 2024151,307 shares, last reported balance as of May 15, 2024
Paul DiazMay 17, 202316,069 shares, last reported balance as of May 15, 2023
John WinstelApr 6, 202315,676 shares, last reported balance as of Mar 15, 2023
Paula PriceMay 17, 20221,395 shares, last reported balance as of May 15, 2022
Shawn GuertinMay 18, 20211,105 shares, last reported balance as of May 15, 2021
Pascal DesrochesNov 17, 20208,030 shares, last reported balance as of Nov 15, 2020
Leanne ZumwaltSep 22, 202024,590 shares, last reported balance as of Sep 18, 2020
Ted WeschlerSep 21, 202038,268,116 shares, last reported balance as of Sep 17, 2020
Peter GrauerJun 15, 2020138,134 shares, last reported balance as of Jun 11, 2020
William RoperJun 15, 202016,234 shares, last reported balance as of Jun 11, 2020
Kent ThiryJun 3, 2020697,458 shares, last reported balance as of Jun 1, 2020
James HilgerJun 4, 201933,125 shares, last reported balance as of Jun 2, 2019
Carol DavidsonJan 3, 201810,764 shares, last reported balance as of Dec 31, 2017
Roger ValineJul 5, 201720,119 shares, last reported balance as of Jun 30, 2017
Jeanine JigantiJun 15, 20173,514 shares, last reported balance as of Jun 13, 2017
Joseph MelloDec 28, 2016No balance on record
Dennis KogodMay 19, 2016103,116 shares, last reported balance as of May 17, 2016
Laura MildenbergerDec 21, 20158,447 shares, last reported balance as of Dec 17, 2015
Kim RiveraSep 24, 20157,438 shares, last reported balance as of Sep 22, 2015
Robert MargolisJun 5, 2015130,292 shares, last reported balance as of Jun 4, 2015
Craig SamittMar 21, 2014No balance on record
Allen NissensonFeb 18, 20148,990 shares, last reported balance as of Feb 13, 2014
Garry MenzelSep 11, 2013No balance on record
David ShapiroAug 6, 20135,880 shares, last reported balance as of Aug 2, 2013
Willard Brittain Jr.Jun 13, 201214,390 shares, last reported balance as of Jun 11, 2012
Luis BorgenMar 26, 201237,034 shares, last reported balance as of Mar 22, 2012
Thomas UsiltonMar 1, 201234,982 shares, last reported balance as of Feb 29, 2012
Richard VaughanMay 17, 201012,184 shares, last reported balance as of May 13, 2010
Richard WhitneyApr 5, 201092,916 shares, last reported balance as of Mar 31, 2010
Georgina RandolphJun 19, 200911,300 shares, last reported balance as of Jun 17, 2009
Joseph SchohlFeb 18, 20094,168 shares, last reported balance as of Feb 13, 2009
Christopher RiopelleAug 12, 20085,000 shares, last reported balance as of Aug 11, 2008
Nancy DeparleJul 2, 20086,512 shares, last reported balance as of Jun 30, 2008
Mary KowenhovenMar 7, 2008No balance on record
Patricia JonesJul 18, 200712,500 shares, last reported balance as of Jul 16, 2007
Richard FontaineMay 31, 200720,000 shares, last reported balance as of May 16, 2007
Charles McAllisterMay 10, 20071,998 shares, last reported balance as of May 8, 2007
Raymond Larkin Jr.Apr 3, 200717,368 shares, last reported balance as of Mar 31, 2007
Mark HarrisonMar 16, 200762,500 shares, last reported balance as of Sep 1, 2006
Gary BeilJul 5, 200620,000 shares, last reported balance as of Mar 3, 2006
Thomas KellyNov 8, 200584,000 shares, last reported balance as of Nov 4, 2005
Michele HooperMay 17, 20051,360 shares, last reported balance as of Mar 31, 2005
Lori PelliccioniFeb 28, 20056,000 shares, last reported balance as of Feb 25, 2005
Denise FletcherSep 17, 2004No balance on record
Patrick BroderickMay 7, 2004No balance on record
Steven UdiciousNo balance on record

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