SCHEDULE: Clarkston Group Amends Leslie's Stake to 0.04%

Clarkston Capital Partners and related entities filed an amended Schedule 13G, reporting a passive 0.04% beneficial ownership in Leslie's, Inc. common stock.

Summary

• Clarkston Capital Partners, LLC, Clarkston Companies, Inc., Modell Capital LLC, Jeffrey A. Hakala, Gerald W. Hakala, and Jeremy J. Modell jointly filed an Amendment No. 3 to Schedule 13G.
• The reporting persons collectively beneficially own 80,000 shares of Leslie's, Inc. Common Stock.
• This ownership represents 0.04% of Leslie's, Inc.'s outstanding Common Stock.
• The beneficial ownership is based on 185,421,657 shares of Common Stock outstanding as of May 2, 2025, as reported by Leslie's, Inc. in its Form 10-Q filed on May 8, 2025.
• The shares are held with sole voting power and sole dispositive power for all 80,000 shares by each reporting person.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Leslie's, Inc.

Sentiment

Score: 5

Explanation: The filing is a neutral, routine disclosure of passive beneficial ownership, providing no positive or negative operational or financial news for the issuer.

Positives

• The continued holding of shares by Clarkston Capital Partners and its affiliates indicates a sustained, albeit passive, investment interest in Leslie's, Inc.

Negatives

• The extremely small percentage of ownership (0.04%) means the reporting persons have no material influence over Leslie's, Inc.'s operations or strategic direction.

Risks

• The reporting persons' passive investment strategy means they do not intend to influence the control or management of Leslie's, Inc., limiting their ability to advocate for shareholder value changes directly.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Leslie's, Inc.'s future performance or the reporting persons' future investment intentions beyond their passive holding strategy.

Industry Context

This filing is a routine disclosure of passive beneficial ownership by an investment group and does not provide specific insights into broader industry trends or competitive dynamics within the pool and spa supply sector.

Stakeholder Impact

• Shareholders: The filing indicates a very small, passive stake held by an investment group, which is unlikely to have any material impact on other shareholders or the company's governance.

Key Dates

Keywords

Leslie's Inc., Common Stock, Schedule 13G, Beneficial Ownership, Clarkston Capital Partners, Passive Investment, Institutional Ownership, SEC Filing