Haas Margaret E. 4

What Happened

• Margaret E. Haas, a reported 10% owner of Levi Strauss & Co. (LEVI), reported multiple derivative transactions on May 11, 2026. She sold 24,277 shares in an open-market sale at $22.20 per share for about $538,949. In addition, two offsetting "other acquisition/disposition" (code J) entries show 199,042 shares disposed and 199,042 shares acquired at $22.20 each, each valued at $4,418,732 — these appear to reflect transfers/conversions among trust accounts rather than a market buy/sell.

Key Details

• Transaction date: May 11, 2026; Form 4 filed May 13, 2026 (timely filing within the usual two-business-day window).
• Prices and values: open-market sale 24,277 shares @ $22.20 = $538,949; transfer/conversion 199,042 shares @ $22.20 = $4,418,732 (reported as both disposed and acquired).
• Transaction codes: (S) = open-market sale; (J) = other acquisition/disposition (used here for trust transfers/conversions).
• Shares owned after transaction: not specified in the data provided in your prompt.
• Notable footnotes: F1 notes Class B shares are convertible into Class A shares with no expiration; F2–F4 describe transfers from trusts of which Ms. Haas is trustee/beneficiary to trusts for others; F3, F5, F6 state many shares are held by trusts or charitable entities for which she disclaims beneficial ownership.

Context

• The (J) derivative entries likely reflect internal transfers or conversions (e.g., movements between trust accounts or conversion of Class B to Class A stock) rather than a directional market bet. Such trust transfers and charitable holdings often do not indicate management sentiment about the stock’s near-term performance.
• The only clear market sale was the 24,277-share open-market sale (~$539k). As a 10% owner and trustee for various entities, some reported holdings are in trusts/charitable funds where Ms. Haas disclaims beneficial ownership.