Gowans Jason 4

What Happened
Jason Gowans, EVP and Chief Digital & Technology Officer of Levi Strauss & Co. (LEVI), disposed of shares in two related transactions: 1,358 shares were withheld to cover taxes on vested RSUs (value ~$27,907) and he sold 40,000 shares in the open market for approximately $873,324 (weighted average price reported). These were sales/withholdings (routine liquidity and tax withholding), not purchases.

Key Details

• Transactions reported: Feb 6, 2026 and Feb 12, 2026; Form 4 filed Feb 13, 2026 (timely filing).
• Tax withholding: 1,358 shares withheld at $20.55 each for tax obligations on vested RSUs; total ~$27,907. (Transaction code F: tax withholding.)
• Open-market sale: 40,000 shares sold at a weighted average price of $21.83; total proceeds reported ~$873,324. The filing notes the sale occurred in multiple transactions at prices ranging $21.83 to $21.861 (footnote discloses willingness to provide per-trade prices on request). (Transaction code S: sale.)
• Shares owned after the transactions: Not specified in the provided excerpt of the filing.
• Footnotes: F1 indicates shares were withheld to cover taxes on vested RSUs; F2 notes the weighted-average sale price and a per-price disclosure offer.
• Filing timeliness: Filed Feb 13, 2026 for transactions through Feb 12 — within the usual two-business-day Form 4 window.

Context

• The F-code withholding reflects settlement of vested restricted stock units and tax withholding — a common, administrative transaction. The S-code sale was an open-market disposition rather than a grant or option exercise.
• These are insider sales (routine liquidity/tax events) and should not be interpreted as definitive signals of company outlook.