Form 4: Levi Strauss & Co. Director Margaret E. Haas Executes Stock Transfers and Private Sale

Director Margaret E. Haas reports transfers of Levi Strauss & Co. Class B Common Stock into trusts and a private sale, while disclaiming beneficial ownership of shares held by various trusts and foundations.

Summary

• On August 8, 2024, Margaret E. Haas, a director of Levi Strauss & Co., engaged in multiple transactions involving Class B Common Stock.
• She transferred 118,794 shares to a trust where she is trustee for the benefit of others at a price of $17.52 per share.
• Another transfer of 26,269 shares was a private sale from a trust where she was trustee and beneficiary to a trust for the benefit of others, also at $17.52 per share.
• Haas disclaims beneficial ownership of shares held by trusts and foundations where she serves as trustee or board chair.
• Following these transactions, Haas directly owns 14,008,684 shares of Class A Common Stock and indirectly owns 20,754,957 shares through various trusts and entities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Comparison to Industry Standards

• Insider trading disclosures are standard practice for publicly listed companies like Levi Strauss & Co.
• Companies like Nike, Adidas, and Gap also have similar insider trading disclosures when their executives or directors trade company stock.
• The reporting requirements are governed by Section 16 of the Securities Exchange Act of 1934, ensuring a level playing field across the industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders as they reflect insider activity, but the overall impact is likely minimal given the size of the transactions relative to the company's market capitalization.

Key Dates