Re:Berkshire Hathaway’s stock price is too high for Nasdaq c...
by quickthrowman on Tuesday May 04, 2021 @08:09PM
(#27044477)
Yes, but Berkshire’s stock transfer agent won’t handle the conversion from B to A. You sell them on the market and are taxed accordingly.
Their stock transfer agent will give you B shares in exchange for an A share, which is not a taxable event. It’s a mechanism to encourage arbitrageurs to keep the prices of the share classes in lockstep.
Their stock transfer agent will give you B shares in exchange for an A share, which is not a taxable event. It’s a mechanism to encourage arbitrageurs to keep the prices of the share classes in lockstep.
https://www.berkshirehathaway.com/brkshareholderinfo/compab....