Haas Robert D. 4

What Happened Robert D. Haas, a reported 10% owner of Levi Strauss & Co. (LEVI), converted Class B common stock into Class A common stock and immediately sold the converted shares in open‑market transactions. On June 10, 2026 he sold 3,182 shares at $24.00 for $76,368. On June 11, 2026 he sold 488,851 shares at an aggregate weighted average price of $24.11 for $11,783,753. The conversions were reported at $0.00 (conversion of existing Class B shares to Class A shares).

Key Details

• Transaction dates: June 10–11, 2026. Sales executed at $24.00 (June 10) and weighted avg $24.11 (June 11); June 11 price range reported $24.00–$24.275 (footnote F2).
• Shares sold: 3,182 (June 10) + 488,851 (June 11) = 492,033 total; total proceeds ≈ $11.86 million.
• Conversions: Sales followed conversion of Class B into Class A shares (F1, F3) — conversion recorded at $0.00.
• Ownership disclosure: Filing includes a disclaimer of beneficial ownership for 23,912,912 shares (F4/F5); the filing does not state a post‑transaction beneficial ownership total in the supplied lines.
• Filing timeliness: Report filed June 11, 2026 covering transactions on June 10–11; no late filing indicated on the face of the report.
• Price detail: Per footnote F2, the June 11 sales spanned multiple prices within the stated range; the reporter will provide a price-by-price breakdown upon SEC staff request.

Context

• These transactions reflect conversion of Class B shares and immediate sale of the resulting Class A shares (functionally a disposition rather than a new cash purchase). For 10% owners, such conversions and sales can be part of broader share‑class management and are not the same signal as an executive purchasing stock. Purchases generally indicate stronger insider bullishness; this filing documents disposals following conversion.