ACKERMAN JOEL 4

What Happened

• Joel Ackerman, Chief Financial Officer and Treasurer of DaVita Inc., exercised Stock Appreciation Rights (SARs) on February 6, 2026. The exercise converted 44,065 SARs into 44,065 shares with a reported intrinsic value of $108.93 per share (total ≈ $4,800,000).
• To satisfy the required base payment and tax withholding, DaVita withheld and disposed of 32,168 shares (valued at $149.22 each, ~$4,800,109) for the base price and 5,100 shares (at $149.22 each, $761,022) for taxes. After the withholdings, Ackerman received a net of 6,797 shares (44,065 − 32,168 − 5,100).

Key Details

• Transaction date: February 6, 2026; Form 4 filed on February 9, 2026 (timely filing).
• Exercise (acquired): 44,065 shares; reported value ≈ $4,800,000 (listed as $108.93 per share).
• Shares withheld to pay base price: 32,168 shares at $149.22 ($4,800,109).
• Shares withheld for taxes: 5,100 shares at $149.22 ($761,022).
• Net shares retained by insider: 6,797 shares.
• Footnotes: F1 = shares withheld to pay base price; F2 = shares withheld for tax withholding. F3 = SARs granted March 15, 2021, vested 50% March 15, 2024 and 50% March 15, 2025.
• The filing does not list total shares owned by Ackerman after the transaction on the provided extract.

Context

• This was a cashless exercise/settlement of SARs: the company withheld shares to cover both the exercise payment and tax withholding rather than requiring cash from the insider.
• Such exercises are common for executives to realize vested compensation; the withholdings are routine and do not necessarily signal a change in insider sentiment.