Leslie's, Inc. (LESL) director awarded 4,500 RSUs vesting in 2027

Rhea-AI Filing Summary

Strain John reported acquisition or exercise transactions in this Form 4 filing.

Leslie's, Inc. director John Strain reported an equity award of 4,500 restricted stock units (RSUs). Each RSU represents the right to receive one share of Leslie's common stock upon vesting. The 4,500 RSUs will vest on the earlier of March 24, 2027 or the day before the company’s 2027 annual shareholder meeting, provided he continues serving on the board through that date.

Insights

Equity compensation analyst

Routine director RSU grant with time-based vesting, neutral for valuation.

Director John Strain received an award of 4,500 RSUs, each convertible into one share of Leslie's, Inc. common stock upon vesting. The transaction is classified as an exercise/conversion of a derivative security but functionally operates as a standard equity grant.

The RSUs vest on the earlier of March 24, 2027 or the day before the 2027 annual shareholder meeting, contingent on continued board service. This is typical time-based director compensation and does not involve open-market buying or selling of shares.

Because this is a routine compensation award rather than a discretionary trade, it offers limited insight into insider sentiment and has a neutral impact on the investment case, aside from modest future share issuance when the units vest.

Insider Trade Summary

4,500 shares exercised/converted

Mixed 1 txn

Insider Strain John

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	4,500	$0.00	--

Holdings After Transaction: Restricted Stock Units — 4,500 shares (Direct)

Footnotes (1)

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. Represents a grant of 4,500 RSUs which will vest on the earlier of (a) March 24, 2027 or (b) the day prior to the Company's Annual Meeting of Shareholders held in 2027 (the earlier of (a) and (b) referred to as the "Vesting Date"), subject to Mr. Strain's continuous service as a member of the Board until the Vesting Date.

Form 4 Insider Transactions: What Each Field Means →

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^*

Strain John

(Last) (First) (Middle)

2005 EAST INDIAN SCHOOL ROAD

(Street)

PHOENIX ARIZONA 85016

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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

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

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

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)	03/24/2026		M		4,500		(2)	(2)	Common Stock, par value $0.001 per share	4,500	$0	4,500	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 4,500 RSUs which will vest on the earlier of (a) March 24, 2027 or (b) the day prior to the Company's Annual Meeting of Shareholders held in 2027 (the earlier of (a) and (b) referred to as the "Vesting Date"), subject to Mr. Strain's continuous service as a member of the Board until the Vesting Date.

	/s/ Benjamin Lindquist, as Attorney-in-Fact for John Strain	03/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Leslie's, Inc. (LESL) report for John Strain?

Leslie's, Inc. reported that director John Strain received 4,500 restricted stock units (RSUs). Each RSU entitles him to one share of common stock upon vesting, reflecting routine equity-based board compensation rather than an open-market stock purchase or sale.

How many RSUs did John Strain receive from Leslie's, Inc. (LESL)?

John Strain received a grant of 4,500 restricted stock units from Leslie's, Inc. Each unit represents a contingent right to one share of common stock upon vesting, creating potential future share issuance tied to his continued service on the board of directors.

When do John Strain’s 4,500 RSUs at Leslie's, Inc. (LESL) vest?

The 4,500 RSUs will vest on the earlier of March 24, 2027 or the day prior to Leslie's 2027 annual shareholder meeting. Vesting is conditioned on John Strain’s continuous service as a board member through that vesting date, aligning compensation with ongoing governance duties.

Does John Strain’s Form 4 for Leslie's, Inc. (LESL) show a stock sale or purchase?

The Form 4 does not show an open-market stock sale or purchase. It reports an award of 4,500 restricted stock units, classified as a derivative exercise/conversion, which will convert into common shares at vesting rather than reflecting immediate trading activity in the market.

What does each RSU granted to John Strain by Leslie's, Inc. (LESL) represent?

Each restricted stock unit granted to John Strain represents the contingent right to receive one share of Leslie's common stock upon vesting. This structure defers delivery of actual shares until the vesting date, subject to his continued service as a member of the company’s board.

Is John Strain’s RSU award at Leslie's, Inc. (LESL) a routine compensation grant?

Yes. The 4,500 RSU award is described as a grant that vests over time based on continued board service. Such time-based RSU grants are a common form of director compensation and typically carry neutral informational value regarding insider views on the company’s share price.