Form 4: Levi Strauss & Co. Director Bradley J. Haas Reports Class B to Class A Common Stock Conversion and Share Sale

Director Bradley J. Haas converted Class B Common Stock to Class A Common Stock and sold 23,041 shares of Levi Strauss & Co. at a weighted average price of $20.0072 per share.

Summary

• On March 28, 2024, Bradley J. Haas, a director of Levi Strauss & Co., converted 23,041 shares of Class B Common Stock into Class A Common Stock.
• Simultaneously, Mr. Haas sold 23,041 shares of Class A Common Stock at a weighted average price of $20.0072 per share.
• The sales were executed under a pre-established Rule 10b5-1 plan.
• Following these transactions, Mr. Haas directly holds no shares of Class A Common Stock.
• Mr. Haas also indirectly holds shares through custodial accounts, spousal holdings, and trusts, for which he disclaims beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Directors and officers of publicly traded companies are required to disclose transactions in their company's stock to ensure transparency and prevent insider trading. Form 4 filings are a standard part of this regulatory framework.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the sale of shares by a director, but the pre-planned nature of the sale mitigates potential concerns.

Key Dates