=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-14
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: DAVITA INC. (DVA)
CIK: 0000927066
--- Reporting Owner ---
Name: HEARTY JAMES O
CIK: 0001735907
Role: Officer (Chief Compliance Officer)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-05-14 | Code: M (Exercise of derivative)
Shares: +5,784 | Price: $110.63
Total Value: $639,883.92
Shares Owned After: 41,737 | Ownership: D (Direct)
[Transaction #2]
Security: Common Stock
Date: 2026-05-14 | Code: D (Sale to issuer)
Shares: -3,231 | Price: $198.10
Total Value: $640,061.10
Shares Owned After: 38,506 | Ownership: D (Direct)
Footnotes:
[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.
[Transaction #3]
Security: Common Stock
Date: 2026-05-14 | Code: F (Payment of exercise/tax)
Shares: -1,117 | Price: $198.10
Total Value: $221,277.70
Shares Owned After: 37,389 | Ownership: D (Direct)
Footnotes:
[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.
[Transaction #4]
Security: Common Stock
Date: 2026-05-15 | Code: S (Open market sale)
Shares: -15,000 | Price: $193.98
Total Value: $2,909,745.00
Shares Owned After: 22,389 | Ownership: D (Direct)
Footnotes:
[F3] Represents the weighted average sale price of $193.983. The range of prices for the sale of these shares was $193.360 - $199.840 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.
--- Derivative Transactions ---
[Transaction #1]
Security: Stock Appreciation Rights
Date: 2026-05-14 | Code: M (Exercise of derivative)
Shares: -5,784 | Price: $0.00
Exercisable: N/A | Expires: 2027-03-15
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F4] The Stock Appreciation Rights were granted on March 15, 2022, which vested 50% each on March 15, 2025 and March 15, 2026.
--- Footnotes (Complete Index) ---
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 $193.983. The range of prices for the sale of these shares was $193.360 - $199.840 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 Stock Appreciation Rights were granted on March 15, 2022, which vested 50% each on March 15, 2025 and March 15, 2026.
--- Signature ---
/s/ /s/ Stephanie Berberich, Attorney-in-Fact (2026-05-18)