Berkshire Hathaway's Ajit Jain Sells $139 Million in Shares

The longtime top insurance executive reduces his stake amid speculation of full valuation and potential tax considerations.

Ajit Jain sold 200 Class A shares of Berkshire Hathaway at an average price of $695,418 per share, totaling approximately $139 million.
Following the sale, Jain retains control of 166 Class A shares, including those held directly, by family trusts, and his nonprofit foundation.
The sale occurred shortly after Berkshire's market capitalization surpassed $1 trillion and its share price peaked at over $727,000.
Analysts suggest Jain's sale might indicate his belief that Berkshire's stock is fully valued or could be influenced by potential future tax increases.
Jain, who has been with Berkshire since 1986, played a crucial role in the company's insurance success and was once considered a potential successor to Warren Buffett.