[Form 4] Leslie's, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Leslie's, Inc. reported a Form 4 showing that Jeffrey Justin White, Chief Financial Officer and Treasurer, was granted 21,750 restricted stock units (RSUs) on 10/05/2025. Each RSU converts to one share of common stock upon vesting. The RSUs vest in three equal annual installments on 10/05/2026, 10/05/2027, and 10/05/2028, subject to Mr. White’s continued service. The filing shows 21,750 shares beneficially owned following the grant and the transaction was reported on 10/07/2025 by an attorney-in-fact.

This is a standard, service‑based long-term incentive for an executive, designed to align management compensation with shareholder outcomes over a multi-year period. The RSUs are unvested and carry no exercise price; they only convert to shares if vesting conditions are met.

Positive

• 21,750 RSUs granted to CFO aligns executive pay with shareholder interests over three years
• Vesting schedule disclosed with clear dates: 10/05/2026, 10/05/2027, 10/05/2028

Negative

• All RSUs are unvested and contingent on continued service, so no immediate share lock-up benefit to investors
• Potential dilution of up to 21,750 shares if all RSUs vest and convert to common stock

Insights

Corporate Governance Analyst

Grant aligns CFO incentives with multi-year shareholder value.

The grant of 21,750 RSUs vests in three equal installments across 10/05/2026 to 10/05/2028

These awards reinforce retention for the CFO and link compensation to future share performance while remaining contingent on continued service. Watch vesting dates for potential share issuance and any subsequent disclosure on performance-based adjustments within the next three years.

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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^*

White Jeffrey Justin

(Last) (First) (Middle)

2005 E INDIAN SCHOOL ROAD

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/05/2025

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

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)	10/05/2025		A		21,750		(2)	(2)	Common Stock	21,750	$0	21,750	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.

2. Represents a grant of RSUs of which 21,750 will vest in equal installments on October 5, 2026, October 5, 2027, and October 5, 2028, subject to Mr. White's continuous employment or service with the Issuer or an affilate until the applicable vesting date.

Remarks:

Chief Financial Officer & Treasurer

	/s/ Benjamin Lindquist, as Attorney-in-Fact for Jeff White	10/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Leslie's (LESL) CFO receive on 10/05/2025?

The CFO received 21,750 restricted stock units (RSUs) granted on 10/05/2025, each convertible into one share upon vesting.

When do the RSUs granted to Jeff White vest?

The RSUs vest in three equal installments on 10/05/2026, 10/05/2027, and 10/05/2028, subject to continued service.

How many shares will be issued if all RSUs vest?

If all RSUs vest, 21,750 shares of common stock could be issued to the reporting person.

Does the Form 4 show any cash exercise price for these RSUs?

No. The RSUs were granted with a $0 conversion price and convert to common stock upon vesting.

Who signed the Form 4 for the reporting person?

The form was signed by Benjamin Lindquist, as Attorney-in-Fact for Jeff White on 10/07/2025.