Form 4: Levi Strauss Director Joshua Prime Gifts Significant Class B Stock Holdings

Levi Strauss & Co. Director Joshua E Prime reported gifting 87,716 shares of Class B Common Stock, reducing his direct beneficial ownership.

Summary

• Joshua E Prime, a Director at Levi Strauss & Co. (LEVI), filed a Form 4 disclosing changes in his beneficial ownership.
• On June 6, 2025, Mr. Prime reported a disposition by gift (transaction code 'G') of 87,716 shares of Class B Common Stock.
• Each Class B Common Stock share is convertible into one Class A Common Stock share at the holder's option and has no expiration date.
• Following this transaction, Mr. Prime directly beneficially owns 48,063 shares of Class A Common Stock.
• The filing also details Mr. Prime's indirect beneficial ownership, which includes 10,000 shares of Class B Common Stock held as co-trustee of the Haas Prime Family 2012 Trust, 1,462,023 shares held by his spouse, and 225,498 shares held by his spouse as custodian.
• Mr. Prime disclaims beneficial ownership of shares held as trustee (except for his pecuniary interest) and shares held by his spouse.

Sentiment

Score: 5

Explanation: A Form 4 filing reporting a gift of shares is a routine insider transaction and generally has a neutral impact on company sentiment, as it's not indicative of financial performance or strategic shifts.

Negatives

• The direct beneficial ownership of Director Joshua E Prime decreased by 87,716 shares of Class B Common Stock due to a gift transaction.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may note a slight reduction in direct insider ownership, though the transaction is a gift rather than a sale for cash.

Key Dates

Keywords

Levi Strauss, LEVI, Form 4, insider transaction, beneficial ownership, Class B Common Stock, Class A Common Stock, director, stock gift