Form 4: Levi Strauss & Co. Director Joshua Prime Reports Stock Gifts to Family Trusts

Director Joshua Prime reported gifting Class B Common Stock to family trusts and custodial accounts, while disclaiming beneficial ownership of those shares.

Summary

• On February 3, 2025, Joshua E. Prime, a director of Levi Strauss & Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The transactions involved gifts of Class B Common Stock to the Haas Prime Family 2012 Trust and custodial accounts for the benefit of his children.
• Mr. Prime disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest in the trust.
• His spouse serves as co-trustee of the Haas Prime Family 2012 Trust and as custodian for the custodial accounts.
• Following these transactions, Mr. Prime directly owns 48,063 shares of Class A Common Stock.
• He indirectly owns 10,000 shares of Class A Common Stock as trustee, 1,374,307 shares of Class A Common Stock by spouse, and 225,498 shares of Class A Common Stock by spouse as custodian.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure related to insider transactions and doesn't necessarily reflect a strategic shift or material event for Levi Strauss & Co.

Stakeholder Impact

• The transactions described in the Form 4 filing are unlikely to have a significant impact on stakeholders.

Key Dates

Keywords

Form 4, beneficial ownership, Levi Strauss & Co, LEVI, director, Joshua Prime, Class B Common Stock, Class A Common Stock, Haas Prime Family 2012 Trust, custodial accounts, gifts