Jedrzejek David 4

What Happened

David Jedrzejek, SVP and General Counsel at Levi Strauss & Co. (LEVI), had two dispositions reported. On June 1, 2026, 634 shares were withheld to cover tax obligations from vested restricted stock units at $23.18 each (value ~$14,696). On June 3, 2026, he sold 336 shares in an open‑market transaction at $22.82 each (value ~$7,668). Combined proceeds/withholding total approximately $22,364. Both transactions were reported on a Form 4 filed June 3, 2026.

Key Details

• Transaction dates and prices:
  • 2026-06-01: 634 shares withheld for taxes @ $23.18 (code F) — ~$14,696.
  • 2026-06-03: 336 shares sold in open market @ $22.82 (code S) — ~$7,668.
• Total shares disposed: 970; combined value ≈ $22,364.
• Shares owned after transaction: not specified in the filing. The filing notes ownership includes 250 shares acquired on April 15, 2026 under the company’s ESPP.
• Footnotes:
  • F1: Shares withheld to satisfy tax withholding on vested RSUs (routine).
  • F3: The open‑market sale was made pursuant to a previously established Rule 10b5‑1 plan (pre‑arranged trading plan).
• Filing: Form 4 filed 2026-06-03 reporting transactions on 6/1 and 6/3 (appears timely).

Context

Tax‑withholding on vested restricted stock units (code F) is a common, administrative disposition and typically not treated as a directional bullish/bearish signal. The open‑market sale was executed under a pre‑existing 10b5‑1 plan, which usually means the trades were scheduled in advance and are not necessarily a reflection of near‑term views on the stock. For retail investors, purchases tend to be more informative than routine disposals like tax withholdings or planned 10b5‑1 sales.