Form 4: Levi Strauss & Co. Director Bradley J. Haas Reports Gift of Class B Common Stock

Sentiment:

SEC Form 4 Filing


Director Bradley J. Haas reported gifting Class B Common Stock, convertible to Class A, in multiple transactions on February 3, 2025.

Summary

  • On February 3, 2025, Bradley J. Haas, a director of Levi Strauss & Co., reported gifting Class B Common Stock.
  • These shares are convertible to Class A Common Stock on a 1:1 basis.
  • Mr. Haas gifted 2,054 shares, 4,108 shares, 4,108 shares, 4,108 shares and 2,054 shares of Class B Common Stock.
  • The shares were gifted from his revocable trust to custodial accounts.
  • Mr. Haas maintains direct ownership of 13,300,157 Class A Common Stock.
  • Mr. Haas also has indirect ownership of 155,822 Class A Common Stock through custodial accounts, 155,822 Class A Common Stock through his spouse, 66,973 Class A Common Stock through his spouse and 6,832,130 Class A Common Stock through trusts where he is the trustee.
  • Mr. Haas disclaims beneficial ownership of shares held in custodial accounts and by his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a gift of shares. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider and doesn't necessarily reflect a broader trend in the apparel industry.

Stakeholder Impact

  • The gifting of shares by a director could have a minor impact on shareholder perception, but is unlikely to be material.

Key Dates

DateDescription
2020-11-18Date of Limited Power of Attorney execution.
2025-02-03Date of the reported transactions (gift of Class B Common Stock).
2025-02-05Date of the report filing.

Keywords

Form 4, Levi Strauss & Co, Director, Bradley J. Haas, Class B Common Stock, Class A Common Stock, Gift, Beneficial Ownership, Securities

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