Peter E. Haas Jr. Family Fund 4
4 · LEVI STRAUSS & CO · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
LEVI Peter E. Haas Jr. Family Fund Sells 4,338 Shares
What Happened
The Peter E. Haas Jr. Family Fund (a 10% owner) converted 4,338 shares of Class B into Class A common stock and then sold those 4,338 Class A shares in the open market at $24.00 per share, generating $104,120 in proceeds. The conversion itself had no cash cost to the holder.
Key Details
- Transaction dates: conversion and sale on 2026-05-27; Form 4 filed 2026-05-28 (filed promptly).
- Sale price: $24.00 per share; proceeds: $104,120.
- Conversion: 4,338 Class B → 4,338 Class A (no cash consideration) per footnotes.
- Sale executed pursuant to a Rule 10b5-1 plan adopted April 13, 2026.
- Shares owned after the transaction: not specified in the provided filing details.
- Insider type: 10% owner (family fund), not an executive trade.
Context
Footnotes clarify that each Class B share is convertible into one Class A share at the holder’s option with no expiration, and this filing reflects a conversion followed by an immediate sale under a pre-established 10b5-1 trading plan. Sales under 10b5-1 plans are scheduled trades and are generally considered routine disposition activities rather than ad hoc signals of insider sentiment.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1][F2]2026-05-27+4,338→ 4,338 total - Sale
Class A Common Stock
[F3]2026-05-27$24.00/sh−4,338$104,120→ 0 total - Conversion
Class B Common Stock
[F2][F1]2026-05-27−4,338→ 23,774,062 total→ Class A Common Stock (4,338 underlying)
Footnotes (3)
- [F1]Represents the conversion of Class B Common Stock into Class A Common Stock.
- [F2]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.
- [F3]Shares disposed of pursuant to a Rule 10b5-1 plan adopted on April 13, 2026.