Haas Margaret E. 4
4 · LEVI STRAUSS & CO · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Levi Strauss (LEVI) Margaret Haas Sells 47,721 Shares
What Happened Margaret E. Haas, reported as a 10% owner and board chair, converted 47,721 shares of Class B common stock into Class A common stock and then sold those 47,721 Class A shares. The shares were sold on June 11, 2026 at a weighted average price of $24.01 per share, generating total proceeds of $1,145,891. The conversion was reported at $0 cost (straight conversion of Class B to Class A).
Key Details
- Transaction date: June 11, 2026.
- Conversion: 47,721 Class B → 47,721 Class A (reported as conversion of a derivative security; no cash cost).
- Sale: 47,721 shares sold on open market; weighted average price $24.01; price range $24.00–$24.0475; total proceeds $1,145,891.
- Plan: Shares were sold pursuant to a Rule 10b5-1 trading plan adopted April 13, 2026.
- Ownership/beneficial interest: Shares are held by the Margaret E. Haas Fund and by trusts/LLC for beneficiaries; Ms. Haas is board chair/trustee/manager and disclaims beneficial ownership of those holdings per the filing.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Form 4 was filed June 12, 2026 for a June 11, 2026 transaction — within the typical 2-business-day Form 4 reporting window.
Context This was a conversion of Class B shares into Class A shares followed by an immediate sale (i.e., not a purchase). Conversions of Class B to Class A are routine structural actions (each Class B converts 1:1 to Class A and has no expiration). The sale was executed under a pre-established 10b5-1 plan, which typically schedules trades in advance and is considered routine rather than an ad hoc insider sale. Ms. Haas is reported as a 10% owner but disclaims beneficial ownership of the shares held in funds/trusts referenced in the filing.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1][F2][F3]2026-06-11+47,721→ 47,721 total(indirect: See Footnote) - Sale
Class A Common Stock
[F4][F5][F3]2026-06-11$24.01/sh−47,721$1,145,891→ 0 total(indirect: See Footnote) - Conversion
Class B Common Stock
[F2][F1][F3]2026-06-11−47,721→ 6,974,430 total(indirect: See Footnote)→ Class A Common Stock (47,721 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 $24.00 to $24.0475 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.