Form 4: Levi Strauss Director Plans Future Stock Gift
Insider Transaction Report
Daniel S. Haas, a Director and 10% owner of Levi Strauss & Co., reported a planned future gift of 1,938 Class B Common Stock shares under a Rule 10b5-1 plan.
Summary
- Daniel S. Haas, a Director and 10% owner of Levi Strauss & Co. (LEVI), filed a Form 4 reporting a planned insider transaction.
- The filing details a disposition of 1,938 shares of Class B Common Stock, scheduled to occur on February 3, 2026.
- This disposition is a gift, indicated by a transaction price of $0 per share.
- The transaction is being made pursuant to a Rule 10b5-1(c) plan, which allows insiders to set up a pre-arranged plan for buying or selling securities.
- Following this planned transaction, Mr. Haas will beneficially own 14,608,758 shares of Class B Common Stock directly and 5,721,420 shares indirectly through trusts where he is the sole trustee.
- 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.
- A Limited Power of Attorney was executed by Daniel S. Haas on June 24, 2025, authorizing specific individuals to prepare and file SEC forms on his behalf.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. A gift of a relatively small number of shares under a pre-arranged plan is a routine insider transaction and does not typically signal significant positive or negative sentiment regarding the company's prospects.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider transactions, particularly those under Rule 10b5-1 plans, are common for executives and significant shareholders to manage their equity holdings in a pre-arranged, compliant manner, and typically do not reflect immediate changes in company outlook or broader industry trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Daniel S. Haas granted a Limited Power of Attorney to several individuals, including Parker B. Phillips, Minna B. Baughman, Patrick R. McCabe, Christina M. Hamilton, Anthony J. Caldwell, and Shartsis Friese LLP, to prepare and file SEC forms (Forms ID, Schedules 13D/13G, Forms 3, 4, and 5) on his behalf. | 2025-06-24 | This streamlines the process for Mr. Haas to comply with SEC reporting requirements by delegating administrative tasks to legal and administrative professionals, ensuring timely and accurate filings. |
Stakeholder Impact
- Minimal impact on shareholders due to the small number of shares involved in the gift relative to total outstanding shares and the pre-planned nature of the transaction.
- No direct impact on employees, customers, suppliers, or creditors is indicated by this insider transaction report.
Key Dates
| Date | Description |
|---|---|
| 2025-06-24 | Date Daniel S. Haas executed a Limited Power of Attorney. |
| 2026-02-03 | Date of the planned disposition (gift) of 1,938 shares of Class B Common Stock. |
| 2026-02-05 | Date the Form 4 was signed by Christina M. Hamilton as Attorney-in-fact for Daniel S. Haas. |
Keywords
Levi Strauss & Co., LEVI, Daniel S. Haas, Insider Transaction, Form 4, Class B Common Stock, Stock Gift, 10b5-1 Plan, Director, 10% Owner, Corporate Governance
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