Form 4: Levi Strauss & Co. Director Haas Receives Shares from Grantor Retained Annuity Trusts

Director Robert D. Haas reports receiving shares of Levi Strauss & Co. Class B Common Stock from grantor retained annuity trusts, while his spouse also received shares from similar trusts.

Summary

• Robert D. Haas, a director of Levi Strauss & Co., reported changes in his beneficial ownership of the company's stock.
• On May 1, 2025, Haas received 206,318 shares of Class B Common Stock from a grantor retained annuity trust.
• His spouse also received 286,311 shares of Class B Common Stock from a similar trust on the same date.
• Haas directly owns 344,264 shares of Class A Common Stock.
• He indirectly owns 25,897,296 shares of Class A Common Stock as trustee.
• His spouse indirectly owns 286,311 shares of Class A Common Stock and 10,074,019 shares of Class A Common Stock as trustee.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting standard reporting of stock transactions by a company insider. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies. It doesn't necessarily indicate a change in the company's performance or outlook but provides transparency into the holdings of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring transparency in stock ownership.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.
• Similar filings are made by insiders at comparable companies like Nike (NKE) and Adidas (ADS) when they have transactions involving their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key company director.
• It assures stakeholders that insider transactions are being properly disclosed in accordance with regulations.

Key Dates

Keywords

beneficial ownership, Form 4, Levi Strauss & Co., LEVI, Robert D. Haas, Class B Common Stock, Class A Common Stock, grantor retained annuity trust, director