DAVITA INC. — Director's Dealing 2021

May 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC. (DVA)
CIK: 0000927066
Period of Report: 2021-05-03

Reporting Person: Waters Kathleen Alyce (Chief Legal & Pub. Affairs Off)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-03	Common Stock	M	28164	$75.70	Acquired	97694	Direct
2021-05-03	Common Stock	D	18296	$116.53	Disposed	79398	Direct
2021-05-03	Common Stock	F	4578	$116.53	Disposed	74820	Direct
2021-05-03	Common Stock	S	5290	$118.364	Disposed	69530	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-03	Stock Appreciation Rights	$75.7	M	28164	Disposed	2021-05-06	Common Stock (28164.0)	Direct

Footnotes

F1: The transactions reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 18, 2021.

F2: Represents the shares withheld in payment of the base price in connection with the exercise of Stock Appreciation Rights reported on this Form 4.

F3: Represents the shares withheld to satisfy the tax withholding obligation in connection with the exercise of Stock Appreciation Rights reported on this Form 4.

F4: Represents the weighted average purchase price of $118.364. The range of prices for the purchase of these shares was $118.29 - $118.61 rounded to the nearest tenth. 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 purchased at each separate price.

F5: Stock Appreciation Rights were granted on May 5, 2016, which vested 50% each on May 6, 2018 and May 6, 2019.