Haas Margaret E. 4
4 · LEVI STRAUSS & CO · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Levi Strauss (LEVI) Margaret E. Haas Sells 2,279 Shares
What Happened
Margaret E. Haas (10% owner; Board Chair) converted 2,279 shares of Class B common stock into Class A common stock and sold those 2,279 Class A shares in the open market on May 27, 2026. The shares were sold at a weighted-average price of $24.01 per share (prices ranged $24.0050–$24.0150), generating gross proceeds of about $54,716. The conversion had no cash cost (reported at $0.00) because each Class B share is convertible into one Class A share at the holder’s option with no expiration.
Key Details
- Transaction date: May 27, 2026. Form 4 filed May 28, 2026 (timely).
- Sale: 2,279 shares sold; weighted-average price $24.01; price range $24.0050–$24.0150; total ≈ $54,716. (Ms. Haas can provide a breakdown of shares sold at each price on request.)
- Conversion: 2,279 Class B → Class A reported as conversion (no cash paid).
- Plan/legal: Shares sold pursuant to a Rule 10b5-1 trading plan adopted April 13, 2026.
- Ownership/beneficial interest: Some shares are held by the Margaret E. Haas Fund, trusts, an LLC, and the Lynx Foundation for beneficiaries; Ms. Haas disclaims beneficial ownership of those holdings per the filing.
- Shares owned after transaction: not specified in this report.
Context
This was a conversion of voting/privileged Class B shares into tradable Class A shares followed immediately by an open-market sale under a pre-established 10b5-1 plan. For a 10% owner and board chair, these moves often reflect management of long-held, trust- or foundation-held positions rather than an individual executive’s market timing; the filing itself does not state motivation.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1][F2][F3]2026-05-27+2,279→ 2,279 total(indirect: See Footnote) - Sale
Class A Common Stock
[F4][F5][F3]2026-05-27$24.01/sh−2,279$54,716→ 0 total(indirect: See Footnote) - Conversion
Class B Common Stock
[F2][F1][F3]2026-05-27−2,279→ 7,022,151 total(indirect: See Footnote)→ Class A Common Stock (2,279 underlying)
- 13,035,688
Class B Common Stock
[F1]→ Class A Common Stock - 21,622,027(indirect: See Footnote)
Class B Common Stock
[F1][F6]→ Class A Common Stock - 844,680(indirect: See Footnote)
Class B Common Stock
[F1][F7]→ Class A Common Stock
Footnotes (7)
- [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]The shares are held by the Margaret E. Haas Fund, of which Ms. Haas is Board Chair, for the benefit of various charitable entities. Ms. Haas disclaims beneficial ownership of these shares.
- [F4]Shares disposed of pursuant to a Rule 10b5-1 plan adopted on April 13, 2026.
- [F5]The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.0050 to $24.0150 per share. Ms. Haas undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission on request, full information regarding the number of shares sold at each separate price within this range.
- [F6]The shares are held by trusts and a limited liability company of which Ms. Haas is trustee and manager, respectively, for the benefit of others. Ms. Haas disclaims beneficial ownership of these shares.
- [F7]The shares are held by the Lynx Foundation, of which Ms. Haas is board chair, for the benefit of charitable entities. Ms. Haas disclaims beneficial ownership of these shares.