Form 4: Levi Strauss & Co. Director Converts Class B Common Stock to Class A
SEC Form 4 Filing
Director David A. Friedman converted 31,000 shares of Class B Common Stock into Class A Common Stock on April 4, 2024.
Summary
- On April 4, 2024, David A. Friedman, a director of Levi Strauss & Co., converted 31,000 shares of Class B Common Stock into Class A Common Stock.
- The conversion was executed at a price of $0.00.
- Following the transaction, Friedman directly owns 35,213 shares of Class A Common Stock and indirectly owns 200,008 shares through the David A. Friedman 1993 Revocable Trust.
- Friedman also indirectly owns 1,256,540 derivative securities related to Class B Common Stock through the same trust, and directly owns 9,400 derivative securities related to Class B Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction reporting a standard conversion of stock. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and doesn't necessarily reflect a broader industry trend. However, insider transactions are always monitored by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The conversion of shares has a minimal impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: Conversion of Class B Common Stock to Class A Common Stock |
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