Form 4: Levi Strauss & Co. Director Robert D. Haas Reports Significant Class B Stock Transfers to and From Trusts

Robert D. Haas, a Director and 10% owner of Levi Strauss & Co., filed a Form 4 detailing complex transfers of Class B Common Stock involving grantor retained annuity trusts for himself and his spouse, primarily for estate planning purposes.

Summary

• Robert D. Haas, a Director and 10% Owner of Levi Strauss & Co. (LEVI), filed a Form 4 reporting changes in beneficial ownership of Class B Common Stock.
• On June 4, 2025, grantor retained annuity trusts (GRATs) for the benefit of Robert D. Haas and remainder beneficiaries transferred 333,890 shares of Class B Common Stock to him.
• Concurrently, Robert D. Haas transferred 540,208 shares of Class B Common Stock to a GRAT for his benefit and remainder beneficiaries.
• Grantor retained annuity trusts for the benefit of Robert D. Haas's spouse and remainder beneficiaries transferred 736,350 shares of Class B Common Stock to his spouse.
• Additionally, Robert D. Haas's spouse transferred 1,022,661 shares of Class B Common Stock to a GRAT for her benefit and remainder beneficiaries.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
• Following these transactions, Robert D. Haas directly owns 137,946 shares of Class A Common Stock.
• He indirectly owns 26,103,614 shares of Class A Common Stock as trustee, including 24,628,525 shares for which he disclaims beneficial ownership.
• Robert D. Haas disclaims beneficial ownership of shares held by his spouse (0 shares directly and 10,360,330 shares indirectly by spouse as trustee).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Form 4) detailing changes in beneficial ownership due to trust-related transfers. It does not contain information that would inherently indicate positive or negative sentiment regarding the company's operational or financial performance. The transactions appear to be for estate planning purposes rather than market-driven buying or selling.

Industry Context

This filing is a standard regulatory disclosure for insider ownership changes and does not directly relate to broader industry trends or competitive positioning within the apparel or retail sectors. It primarily reflects internal estate planning activities of a significant shareholder.

Related Party Transactions

• Transfers of Class B Common Stock occurred between Robert D. Haas and grantor retained annuity trusts for his benefit and the benefit of his spouse and remainder beneficiaries.
• Transfers also occurred between Robert D. Haas's spouse and grantor retained annuity trusts for her benefit and remainder beneficiaries.

Stakeholder Impact

• Shareholders: The transactions represent a restructuring of beneficial ownership for a significant insider (10% owner and Director) and his family, primarily for estate planning. This does not directly impact the company's operations or financial performance, but provides transparency into the ownership structure of a key stakeholder.

Key Dates

Keywords

Levi Strauss & Co., LEVI, Form 4, SEC filing, insider transaction, beneficial ownership, Class B Common Stock, Class A Common Stock, grantor retained annuity trust, GRAT, estate planning, director, 10% owner