Leslie's (LESL) director Lorna Nagler converts 7,281 RSUs into common stock

Rhea-AI Filing Summary

Leslie's, Inc. director Lorna Nagler exercised restricted stock units into common shares. On 2026-03-12, she converted 7,281 Restricted Stock Units into 7,281 shares of Leslie's common stock at a stated exercise price of $0.00 per share.

Following these transactions, Nagler directly owned 8,732 shares of Leslie's common stock. The filing shows an exercise-and-hold pattern, with no reported open-market sales or tax-withholding dispositions in this Form 4.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nagler Lorna

(Last) (First) (Middle)

2005 E. INDIAN SCHOOL RD

(Street)

PHOENIX AZ 85016

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Leslie's, Inc. [ LESL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	03/12/2026		M		7,281	A	$0	8,732	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	03/12/2026		M			7,281	03/12/2026	03/12/2026	Common Stock, par $0.001 value	7,281	$0	0	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Common Stock.

	/s/ Benjamin Lindquist, as Attorney-in-Fact for Lorna Nagler	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Lorna Nagler report at Leslie's (LESL)?

Lorna Nagler reported exercising 7,281 Restricted Stock Units into 7,281 shares of Leslie's common stock. The exercise was recorded at an exercise price of $0.00 per share and did not involve any open-market purchases or sales in this filing.

How many Leslie's (LESL) shares does Lorna Nagler own after this Form 4?

After exercising 7,281 Restricted Stock Units, Lorna Nagler directly owns 8,732 shares of Leslie's common stock. This total reflects her holdings immediately following the March 12, 2026 derivative exercise transaction reported in the Form 4.

Did Lorna Nagler buy or sell Leslie's (LESL) shares on the market?

The Form 4 shows no open-market buys or sells by Lorna Nagler. Instead, it records a derivative exercise, where 7,281 Restricted Stock Units converted into 7,281 common shares, increasing her direct ownership without a reported market trade.

What does the Restricted Stock Unit exercise mean for Leslie's (LESL) director compensation?

The exercise shows part of Lorna Nagler’s equity compensation vesting into common stock. Each Restricted Stock Unit represented the right to receive one Leslie's common share upon vesting, so 7,281 RSUs became 7,281 directly owned shares on March 12, 2026.

Were any derivative securities left after Lorna Nagler’s Leslie's (LESL) RSU exercise?

The filing’s derivative summary is empty after the reported exercise, indicating no remaining derivative positions are listed in this Form 4. The 7,281 Restricted Stock Units converted fully into common shares as of March 12, 2026.

How is the RSU-to-share conversion described for Leslie's (LESL) in the footnote?

The footnote explains that each Restricted Stock Unit represents the contingent right to receive, upon vesting, one share of Leslie's common stock. In this case, 7,281 RSUs vested and converted into 7,281 common shares held directly by Lorna Nagler.