Form 4: Levi Strauss Director Haas Reports Stock Transfers

Levi Strauss Director and 10% owner Robert D. Haas reported multiple transfers of Class B Common Stock involving grantor retained annuity trusts and family trusts.

Summary

• Robert D. Haas, a Director and 10% owner of Levi Strauss & Co. (LEVI), filed a Form 4 detailing changes in beneficial ownership of Class B Common Stock.
• On December 4, 2025, Haas received 368,049 shares of Class B Common Stock from grantor retained annuity trusts (GRATs) for his benefit and remainder beneficiaries.
• Haas transferred 663,524 shares of Class B Common Stock to a grantor retained annuity trust for his benefit and remainder beneficiaries.
• GRATs transferred 110,278 shares of Class B Common Stock to a trust for Haas's descendants.
• Haas's spouse received 777,246 shares of Class B Common Stock from GRATs established for her benefit and remainder beneficiaries.
• Haas's spouse transferred 713,653 shares of Class B Common Stock to a grantor retained annuity trust for her benefit and remainder beneficiaries.
• GRATs for Haas's spouse transferred 160,035 shares of Class B Common Stock to a trust for Haas's descendants.
• 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.
• Haas disclaims beneficial ownership of 280,000 shares held directly by his spouse and 10,080,330 shares held by his spouse as trustee.
• Haas also disclaims beneficial ownership of 24,910,777 shares included in his trustee holdings.

Sentiment

Score: 5

Explanation: The filing details routine insider beneficial ownership changes related to estate planning, which are neutral in sentiment and do not indicate positive or negative company performance or outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

This insider transaction report details routine estate planning activities by a significant shareholder and director, which is common for high-net-worth individuals and does not reflect broader industry trends or competitive positioning for Levi Strauss & Co.

Related Party Transactions

• Transfers of Class B Common Stock occurred between Robert D. Haas, his spouse, and various grantor retained annuity trusts (GRATs) and trusts for their descendants, representing internal family and estate planning transactions.

Stakeholder Impact

• Minimal direct impact on public shareholders as these are internal estate planning transfers and do not represent open market transactions or a change in the company's operational or financial status.
• Potential long-term implications for the distribution of voting control within the founding family due to the nature of Class B shares, though no immediate shift in control is indicated.

Key Dates

Keywords

Levi Strauss, LEVI, Robert D. Haas, Insider Transaction, Form 4, Beneficial Ownership, Class B Common Stock, Grantor Retained Annuity Trust, Estate Planning