Form 4: Levi Strauss & Co. Director Margaret Haas Transfers Shares to Trusts

Director Margaret E. Haas reports the transfer of Levi Strauss & Co. Class B Common Stock to trusts, both as trustee and beneficiary, and disclaims beneficial ownership of shares held by various charitable entities.

Summary

• On February 13, 2025, Margaret E. Haas, a director of Levi Strauss & Co., reported transactions involving Class B Common Stock.
• 108,470 shares were transferred from a trust where Ms. Haas is trustee and beneficiary to another trust where she is trustee for the benefit of others, at a price of $17.93 per share.
• A private sale of 13,260 shares also occurred from a trust where Ms. Haas is trustee and beneficiary to a trust for the benefit of others, at $17.93 per share.
• Ms. Haas disclaims beneficial ownership of shares held by trusts and a limited liability company where she is trustee and manager, respectively, for the benefit of others, totaling 20,976,150 shares.
• She also disclaims beneficial ownership of shares held by the Margaret E. Haas Fund (7,074,430 shares) and the Lynx Foundation (844,680 shares), where she serves as Board Chair.
• Following the reported transactions, Ms. Haas directly owns 13,760,544 shares and indirectly owns 20,976,150 shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and beneficial ownership, as required by the Securities and Exchange Act of 1934. It provides transparency into the stock ownership of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Comparable companies like Nike (NKE) and Adidas (ADS) also have similar insider transaction reporting requirements.

Key Dates

Keywords

Form 4, Levi Strauss & Co., LEVI, Margaret Haas, Class B Common Stock, Beneficial Ownership, Trust, Director, Securities Exchange Act