Form 4: Levi Strauss Director Haas Reports Trust Share Distribution

Jennifer C. Haas, a Director and 10% owner of Levi Strauss & Co., reported the acquisition of 791,370 Class B Common Stock shares through a trust distribution.

Summary

• Jennifer C. Haas, a Director and 10% owner of Levi Strauss & Co. (LEVI), reported changes in beneficial ownership via a Form 4 filing.
• On February 20, 2026, Ms. Haas acquired 791,370 shares of Class B Common Stock as part of a distribution from a trust to other trusts where she serves as trustee.
• Each Class B Common Stock share is convertible into one Class A Common Stock share at the option of the holder and has no expiration date.
• Following the reported transaction, Ms. Haas directly owns 11,167,747 shares of Class B Common Stock.
• She also indirectly holds shares through various trusts, a custodial account, and a limited liability company, totaling 791,370, 1,938, 33,708, 5,498,804, and 4,330,680 shares respectively, for which she disclaims beneficial ownership in most cases.
• A Limited Power of Attorney, executed on March 11, 2025, authorizes designated attorneys-in-fact to prepare and file SEC forms on Ms. Haas's behalf.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, representing a routine internal transfer of shares among trusts and not a market transaction that would indicate a change in management's confidence or company performance.

Positives

• The transaction represents a distribution of shares within trusts, not a sale, indicating no immediate divestment by the insider.
• The Power of Attorney ensures efficient and compliant filing of required SEC documents for insider transactions.

Negatives

• No direct negatives are apparent from this routine insider ownership report.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

NA

Management Comments

• This Limited Power of Attorney authorizes, but does not require, each such attorney-in-fact to act in his or her discretion on information provided to him or her without independent verification of such information.
• This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned's obligations under the Exchange Act or any other laws, including without limitation, the reporting requirements under Section 16 of the Exchange Act.

Industry Context

StockSavvy.ai notes that this Form 4 filing is a routine disclosure of insider ownership changes, specifically a trust distribution, and does not provide insights into broader industry trends or competitive landscape for the apparel sector.

Corporate Governance

Related Party Transactions

• The acquisition of 791,370 shares of Class B Common Stock was part of a distribution from a trust to other trusts where Ms. Haas is the trustee.
• Indirect beneficial ownership is reported through various trusts, a custodial account for a beneficiary, and a limited liability company managed by Ms. Haas, with disclaimers of beneficial ownership in several instances.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is an internal trust distribution, not a market transaction. Provides transparency regarding insider holdings.

Next Steps

• Ongoing compliance with SEC reporting requirements for insider transactions.

Key Dates

Keywords

Levi Strauss, LEVI, Form 4, insider ownership, beneficial ownership, Class B Common Stock, trust distribution, director, 10% owner, SEC filing