Form 4: Levi Strauss 10% Owner Transfers Shares
Insider Transaction Report
Levi Strauss 10% owner Margaret E. Haas reported transfers and sales of Class B Common Stock, primarily to trusts for the benefit of others, as detailed in a recent Form 4 filing.
Summary
- Margaret E. Haas, a Director and 10% owner of Levi Strauss & Co. (LEVI), filed a Form 4 reporting transactions involving Class B Common Stock.
- Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- On November 10, 2025, Ms. Haas transferred 103,942 shares of Class B Common Stock from a trust where she was trustee and beneficiary to trusts where she is trustee for the benefit of others.
- Also on November 10, 2025, Ms. Haas privately sold 12,706 shares of Class B Common Stock from a trust where she was trustee and beneficiary to a trust for the benefit of others.
- Both the transfer and private sale were effected at a value of $20.91 per share of Class B Common Stock.
- Following these reported transactions, Ms. Haas directly beneficially owns 13,259,007 shares of Class B Common Stock.
- Ms. Haas also indirectly holds 21,422,985 shares through trusts and a limited liability company for the benefit of others, 7,024,430 shares through the Margaret E. Haas Fund for charitable entities, and 844,680 shares through the Lynx Foundation for charitable entities, disclaiming beneficial ownership for these indirect holdings.
Sentiment
Score: 5
Explanation: The filing is a routine insider transaction report and does not contain information that would significantly alter the sentiment towards the company's operational or financial performance.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape for Levi Strauss & Co.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Margaret E. Haas granted a Limited Power of Attorney to several individuals (Parker B. Phillips, Joshua S. Abern, Minna B. Baughman, Patrick R. McCabe, Christina M. Hamilton, Anthony J. Caldwell, and Shartsis Friese LLP) to prepare, execute, and file SEC Forms (ID, 13D, 13G, 3, 4, 5) on her behalf for Levi Strauss & Co. securities. | March 11, 2025 | This delegation streamlines compliance with SEC reporting requirements for the reporting person, ensuring timely and accurate filings. |
Related Party Transactions
- Transfer of 103,942 shares of Class B Common Stock from a trust where Margaret E. Haas was trustee and beneficiary to trusts where she is trustee for the benefit of others.
- Private sale of 12,706 shares of Class B Common Stock from a trust where Margaret E. Haas was trustee and beneficiary to a trust for the benefit of others.
Stakeholder Impact
- Shareholders: Provides transparency regarding changes in beneficial ownership by a significant insider and 10% owner, which is standard regulatory disclosure.
Key Dates
| Date | Description |
|---|---|
| March 11, 2025 | Margaret E. Haas executed a Limited Power of Attorney, delegating authority for SEC filings. |
| November 10, 2025 | Date of reported transactions (transfers and private sales of Class B Common Stock). |
| November 12, 2025 | Date the Form 4 was signed by the attorney-in-fact. |
Recommendation
holdThis filing is a routine Form 4 reporting insider transactions by a 10% owner and director. The transactions involve transfers and private sales of Class B Common Stock to trusts for the benefit of others, rather than open market sales or purchases that would signal a change in investment conviction. There is no new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation.
Keywords
Levi Strauss, LEVI, Form 4, insider transaction, beneficial ownership, stock transfer, Class B Common Stock, Margaret E. Haas
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