Leslie's, Inc. (LESL) grants director Jonathan Estep 4,500 RSUs

Rhea-AI Filing Summary

Estep Jonathan S reported acquisition or exercise transactions in this Form 4 filing.

Leslie's, Inc. director Jonathan S. Estep received an equity award of 4,500 Restricted Stock Units (RSUs). Each RSU represents the right to receive one share of Leslie's common stock when it vests. The 4,500 RSUs will vest on the earlier of March 24, 2027 or the day before the company’s March 2027 annual shareholder meeting, as long as he continues serving on the board until that vesting date.

Insider Trade Summary

4,500 shares exercised/converted

Mixed 1 txn

Insider Estep Jonathan S

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 March 2027 (the earlier of (a) and (b) referred to as the "Vesting Date"), subject to Mr. Estep'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^*

Estep Jonathan S

(Last) (First) (Middle)

2005 E INDIAN SCHOOL RD.

(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 March 2027 (the earlier of (a) and (b) referred to as the "Vesting Date"), subject to Mr. Estep's continuous service as a member of the Board until the Vesting Date.

	/s/ Benjamin Lindquist, as Attorney-in-Fact for Jonathan Estep	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 (LESL) report for Jonathan S. Estep?

Leslie's reported that director Jonathan S. Estep received an award of 4,500 Restricted Stock Units. These RSUs are a form of stock-based compensation that can convert into an equal number of Leslie's common shares once the vesting conditions are met.

How many Restricted Stock Units did the Leslie's (LESL) director receive?

Jonathan S. Estep received 4,500 Restricted Stock Units. According to the filing, each RSU represents a contingent right to one share of Leslie's common stock, so the award could result in 4,500 shares if all units vest and settle as described.

When do Jonathan S. Estep’s 4,500 RSUs at Leslie's (LESL) vest?

The 4,500 RSUs will vest on the earlier of March 24, 2027 or the day before Leslie's annual shareholder meeting held in March 2027. Vesting is conditioned on Mr. Estep’s continuous service as a board member until that vesting date.

Is the Leslie's (LESL) RSU award to Jonathan S. Estep a stock purchase or compensation?

The RSU award is compensation, not a stock purchase. The filing shows a grant of 4,500 Restricted Stock Units at a price of $0.00 per unit, structured as an equity incentive that converts into common shares only upon meeting future vesting conditions.

How many Leslie's (LESL) shares could Jonathan S. Estep receive from this RSU grant?

If fully vested, the 4,500 Restricted Stock Units entitle Jonathan S. Estep to receive 4,500 shares of Leslie's common stock. Each RSU corresponds to one share, contingent on satisfying the service-based vesting requirement through the March 2027 vesting date.

Does the Leslie's (LESL) RSU grant require Jonathan S. Estep to pay an exercise price?

No, the RSU grant does not require an exercise price. The transaction shows 4,500 derivative shares with a transaction and conversion price of $0.00, meaning shares are delivered upon vesting rather than being purchased in the market.