Haas Robert D. 4

What Happened
Robert D. Haas, a reported 10% owner of Levi Strauss & Co., converted 202,135 Class B shares into Class A shares and immediately sold those 202,135 Class A shares in an open-market transaction on June 12, 2026. The shares were sold at a weighted average price of $24.02 for total proceeds of $4,855,606. The conversion is reported as a derivative conversion (Class B → Class A) and the sale is reported as an open-market disposition.

Key Details

• Transaction date: June 12, 2026. Filing date: June 15, 2026 (no late filing indicated in the provided data).
• Sale: 202,135 shares at a weighted average price of $24.02; reported sale-price range $24.00–$24.31. Total proceeds ≈ $4,855,606. (Footnote: the filer will provide per-price allocations to the SEC staff on request.)
• Conversion: The reported acquisition was a conversion of Class B common stock into Class A common stock held indirectly by the reporting person. Each Class B share is convertible into one Class A share with no expiration.
• Shares owned after transaction: The filing disclaims beneficial ownership for 23,710,777 shares; the reporting person disclaims beneficial ownership of certain shares per the footnotes.
• Footnotes of note: F1 (conversion held indirectly), F2 (weighted average sale price and range), F3 (convertibility details), F4/F5 (disclaimer of beneficial ownership).

Context
This was a conversion of convertible Class B shares followed by an immediate open-market sale of the converted Class A shares. For retail investors: conversions followed by sales are administrative/liquidity transactions rather than purchases that might signal added bullish conviction. As a 10% owner, Mr. Haas’s holdings and transactions may reflect broader ownership structuring and liquidity needs; the filing disclaims beneficial ownership of certain shares, indicating indirect holdings rather than direct executive trading.