Leslie's (LESL) director converts 7,281 RSUs, now reports direct and trust-held shares

Rhea-AI Filing Summary

Leslie's, Inc. director John Strain reported an exercise of equity awards rather than an open‑market trade. On March 12, 2026, he exercised 7,281 Restricted Stock Units, receiving the same number of shares of common stock at a stated price of $0.00 per share.

After this transaction, Strain directly holds 12,627 shares of Leslie's common stock. A separate holding entry shows an additional 13,500 shares of common stock held indirectly by the Strain Family Revocable Trust. The filing shows no remaining derivative positions from this RSU grant.

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

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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^*

Strain John

(Last) (First) (Middle)

2005 EAST 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)

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	12,627	D
Common Stock, par value $0.001 per share								13,500	I(2)	By Trust

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	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.

2. All shares held by Strain Family Revocable Trust.

	/s/ Benjamin Lindquist, as Attorney-in-Fact for John Strain	03/17/2026
	** 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 insider transaction did John Strain report at Leslie's (LESL)?

Director John Strain exercised 7,281 Restricted Stock Units into 7,281 shares of Leslie's common stock on March 12, 2026. This was an equity award conversion at a stated price of $0.00 per share, not an open-market stock purchase or sale.

How many Leslie's (LESL) shares does John Strain hold after this Form 4?

Following the RSU exercise, John Strain directly holds 12,627 shares of Leslie's common stock. The filing also reports 13,500 additional shares held indirectly through the Strain Family Revocable Trust, reflecting both his personal and trust-related equity exposure reported in this document.

Was John Strain's Leslie's (LESL) Form 4 a stock sale or purchase?

The Form 4 shows an RSU exercise, not an open-market sale or purchase. Strain converted 7,281 Restricted Stock Units into common shares at $0.00 per share, increasing his reported share holdings without disclosing any cash purchase or sale transaction in the market.

What are the details of the Restricted Stock Units reported for Leslie's (LESL)?

Each Restricted Stock Unit represented the contingent right to receive one share of Leslie's common stock upon vesting. On March 12, 2026, 7,281 RSUs converted into 7,281 shares. The derivative position tied to this specific RSU grant now shows no remaining balance in the filing.

How are trust-held Leslie's (LESL) shares reported for John Strain?

The filing shows 13,500 Leslie's shares held indirectly "By Trust," with a footnote stating all those shares are held by the Strain Family Revocable Trust. This indicates the trust, rather than Strain individually, is the legal holder, but the position is still reported on his Form 4.