Form 4: Levi Strauss 10% Owner Haas Reports Trust Share Distribution

Bradley J. Haas, a 10% owner and director of Levi Strauss & Co., reported the acquisition of 791,370 Class B Common Stock shares through a trust distribution.

Summary

• Bradley J. Haas, a Director and 10% owner of Levi Strauss & Co. (LEVI), reported a transaction involving Class B Common Stock.
• On February 20, 2026, Haas acquired 791,370 shares of Class B Common Stock.
• This acquisition was part of a distribution from a trust to other trusts for which Mr. Haas serves as trustee.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the holder's option and has no expiration date.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
• Following this transaction, Mr. Haas directly owns 13,298,219 shares of Class B Common Stock.
• He also indirectly owns 4,050,680 shares in trusts where he is trustee, and disclaims beneficial ownership of an additional 3,572,820 shares in trusts for others, 163,574 shares in custodial accounts, and 68,911 shares held by his spouse.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is an internal transfer of shares within trusts for a significant owner, executed under a pre-arranged plan, and does not indicate a change in investment thesis or operational performance.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged and systematic approach to share management rather than an opportunistic trade.

Risks

• The Limited Power of Attorney explicitly states that it does not relieve Bradley J. Haas from responsibility for compliance with obligations under the Securities Exchange Act of 1934 or any other laws, including reporting requirements under Section 16.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving significant shareholders like a 10% owner, are routinely reported via Form 4 filings. This specific transaction, a trust distribution, is an internal restructuring of ownership rather than a market purchase or sale, and thus typically does not reflect a change in investment sentiment towards Levi Strauss & Co. or broader industry trends.

Corporate Governance

Related Party Transactions

• The acquisition of 791,370 shares of Class B Common Stock was part of a distribution from a trust to other trusts where Bradley J. Haas is the trustee, which constitutes a related party transaction involving the beneficial ownership structure of a significant shareholder.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is an internal restructuring of ownership for a 10% owner and does not represent a market transaction affecting liquidity or share price.

Key Dates

Recommendation

This Form 4 filing reports an internal trust distribution of shares for a 10% owner and director, Bradley J. Haas, executed under a Rule 10b5-1 plan. Such a transaction is administrative in nature and does not reflect a change in the company's fundamentals, operational performance, or the insider's investment sentiment. Therefore, it provides no new information that would warrant a change in an investor's current position, leading to a 'hold' recommendation.

Keywords

Levi Strauss, LEVI, Form 4, Insider Transaction, Beneficial Ownership, Class B Common Stock, Trust Distribution, Bradley J. Haas, 10b5-1 Plan, Corporate Governance