SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5

1. Name and Address of Reporting Person* BERKSHIRE HATHAWAY INC (Last) (First) (Middle) 3555 FARNAM STREET (Street) OMAHA NE 68131 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/15/2025	3. Issuer Name and Ticker or Trading Symbol Liberty Live Holdings, Inc. [ LLYVA/K ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A Liberty Live Group Common Stock	4,986,588	I	See footnotes.(1)(2)(5)
Series C Liberty Live Group Common Stock	10,917,661	I	See footnotes.(3)(4)(5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* BERKSHIRE HATHAWAY INC (Last) (First) (Middle) 3555 FARNAM STREET (Street) OMAHA NE 68131 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BUFFETT WARREN E (Last) (First) (Middle) 3555 FARNAM STREET (Street) OMAHA NE 68131 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. 3,974,890 of the total reported shares of Series A Liberty Live Group Common Stock ("Series A Common Stock") of Liberty Live Holdings, Inc. ("Liberty") are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): Government Employees Insurance Company (3,284,775), National Fire & Marine Insurance Company (233,347) and National Indemnity Company (456,768). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

2. 1,011,698 of the total reported shares of Series A Common Stock are owned by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (524,649), BNSF Master Retirement Trust (234,000), and Precision Castparts Corp. Master Trust (253,049). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.

3. 7,278,079 of the total reported shares of Series C Liberty Live Group Common Stock ("Series C Common Stock") of Liberty are owned by the following subsidiaries of Berkshire: Government Employees Insurance Company (5,529,646), National Fire & Marine Insurance Company (162,620), National Indemnity Company (1,442,656) and Berkshire Hathaway Life Insurance Company of Nebraska (143,157). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

4. 3,639,582 of the total reported shares of Series C Common Stock are owned by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (2,460,237), BNSF Master Retirement Trust (753,539), and Precision Castparts Corp. Master Trust (425,806). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.

5. Shares of Series A Common Stock and Series C Common Stock are reported as of December 15, 2025.

	/s/ Warren E. Buffett (on behalf of himself and each other reporting person hereunder)	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.