Form 4: Levi Strauss Executive Sells Shares

Levi Strauss & Co. SVP and General Counsel David Jedrzejek reported transactions involving Class A Common Stock, including shares withheld for taxes and a sale under a Rule 10b5-1 plan.

Summary

• David Jedrzejek, SVP and General Counsel of Levi Strauss & Co., engaged in several transactions involving Class A Common Stock.
• On June 1, 2026, 634 shares were acquired at a price of $23.18, with 106,434 shares beneficially owned thereafter. This acquisition included shares withheld to cover tax obligations from the settlement of vested restricted stock units.
• Additionally, 250 shares were acquired on April 15, 2026, under the company's employee stock purchase plan.
• On June 3, 2026, 336 shares were disposed of at a price of $22.82, leaving 106,098 shares beneficially owned. This disposition was made pursuant to a previously established Rule 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it details routine executive stock transactions under established plans and does not indicate significant positive or negative developments for the company.

Positives

• Acquisition of shares under the employee stock purchase plan indicates employee participation and potential long-term investment.
• The use of a Rule 10b5-1 plan suggests a pre-arranged, systematic approach to stock transactions, often used by executives to avoid insider trading concerns.

Negatives

• A portion of the shares acquired were withheld to cover tax obligations, indicating a cost associated with stock unit settlement.
• The disposal of shares, even under a Rule 10b5-1 plan, represents a reduction in the executive's direct beneficial ownership.

Risks

• The filing does not explicitly mention any new or emerging risks.
• The disposal of shares could be interpreted by the market as a signal of reduced confidence, although the Rule 10b5-1 plan mitigates this concern.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which details past transactions.

Management Comments

• Shares withheld to cover tax obligation from settlement of vested restricted stock units.
• Includes 250 shares acquired on April 15, 2026, pursuant to the Issuer's employee stock purchase plan.
• Transaction pursuant to a previously established Rule 10b5-1 Plan.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for executives and directors, providing transparency into their stock transactions. The use of Rule 10b5-1 plans is common practice in the apparel and retail industry to manage stock sales in compliance with regulations.

Stakeholder Impact

• Shareholders: Increased transparency into executive stock holdings and transactions. The Rule 10b5-1 plan helps maintain market confidence by demonstrating pre-planned, non-opportunistic trading.
• Employees: The acquisition of shares through the employee stock purchase plan may encourage employee investment and alignment with company performance.
• Management: The transactions reflect standard executive compensation and stock ownership practices.

Next Steps

• Continued adherence to the Rule 10b5-1 plan for future transactions, if applicable.
• Monitoring of future Form 4 filings for any further changes in beneficial ownership by key executives.

Key Dates

Keywords

Levi Strauss & Co., LEVI, Form 4, Insider Trading, Stock Transaction, Beneficial Ownership, Rule 10b5-1, Executive Compensation, Class A Common Stock, Stock Withholding, Employee Stock Purchase Plan