Was the 59-share disposition by Benjamin Lindquist in Leslie's (LESL) an open-market sale?

No. The 59-share disposition was classified as a tax-withholding transaction, used to satisfy tax liabilities related to vested equity. This type of transaction is not an open-market sale and does not reflect a discretionary decision to sell shares.

What does the 171-share transaction on Leslie's (LESL) Form 4 represent?

The 171-share transaction reflects the exercise or conversion of Restricted Stock Units into common stock at an exercise price of $0.00 per share. This is a standard equity compensation event where vested RSUs settle in Leslie's common stock for the reporting officer.

Leslie's (LESL) officer reports RSU conversion and 59-share tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Leslie's, Inc. officer Benjamin Lindquist reported routine equity compensation activity. On May 23, 2026, Restricted Stock Units (RSUs) converted into 171 shares of common stock at an exercise price of $0.00 per share. To cover tax obligations, 59 shares of common stock were disposed of at $3.45 per share, a non-market tax-withholding transaction rather than an open-market sale.

Following these transactions, Lindquist directly held 1,699 shares of Leslie's common stock and 8,434 RSUs. The footnotes explain that each RSU converts into one share upon vesting, and that a recent RSU grant includes 343 RSUs scheduled to vest in equal installments on May 23, 2027 and May 23, 2028, subject to continued service.

Insider Trade Summary

171 shares exercised/converted

Mixed 3 txns

Insider Lindquist Benjamin

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	171	$0.00	--
Exercise	Common Stock, par value $0.001 per share	171	$0.00	--
Tax Withholding	Common Stock, par value $0.001 per share	59	$3.45	$203.55

Holdings After Transaction: Restricted Stock Units — 8,434 shares (Direct, null); Common Stock, par value $0.001 per share — 1,758 shares (Direct, null)

Footnotes (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 RSUs, of which 343 will vest in equal installments on May 23, 2027 and May 23, 2028, subject to Mr. Lindquist's continuous employment or services with the Issuer or an affiliate until the applicable vesting date.

Key Figures

RSUs converted: 171 shares Tax-withheld shares: 59 shares Tax-withholding price: $3.45 per share +3 more

6 metrics

RSUs converted 171 shares Common stock received from RSU conversion on May 23, 2026

Tax-withheld shares 59 shares Shares disposed at $3.45 per share for tax withholding

Tax-withholding price $3.45 per share Price used for 59-share tax-withholding disposition

Shares after transactions 1,699 shares Common stock directly held following Form 4 transactions

RSUs remaining 8,434 RSUs Restricted Stock Units outstanding after RSU conversion

Future-vesting RSUs 343 RSUs Scheduled to vest in equal installments in 2027 and 2028

Key Terms

Restricted Stock Unit ("RSU"), tax-withholding disposition, derivative security, vesting, +1 more

5 terms

Restricted Stock Unit ("RSU") financial

"Each Restricted Stock Unit ("RSU") represents the contingent right to receive..."

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vesting financial

"upon vesting of the RSU, one share of the Issuer's Common Stock"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

continuous employment or services financial

"subject to Mr. Lindquist's continuous employment or services with the Issuer"

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 04:40 PM

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
Estimated average burden
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^*

Lindquist Benjamin

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/23/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001 per share	05/23/2026		M		171	A	$0	1,758	D
Common Stock, par value $0.001 per share	05/23/2026		F		59	D	$3.45	1,699	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽¹⁾	05/23/2026		M			171	⁽²⁾	⁽²⁾	Common Stock, par value $0.001 per share	171	$0	8,434	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 343 will vest in equal installments on May 23, 2027 and May 23, 2028, subject to Mr. Lindquist's continuous employment or services with the Issuer or an affiliate until the applicable vesting date.

Remarks:

SVP, General Counsel and Corporate Secretary

	/s/ Benjamin Lindquist	05/26/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Benjamin Lindquist report at Leslie's (LESL)?

Benjamin Lindquist reported RSUs converting into 171 shares of Leslie's common stock and a tax-withholding disposition of 59 shares at $3.45 per share. These actions reflect routine equity compensation events, not open-market buying or selling of stock.

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

After the reported transactions, Benjamin Lindquist directly holds 1,699 shares of Leslie's common stock and 8,434 Restricted Stock Units. Each RSU represents the right to receive one share of common stock upon vesting, subject to continued employment or service conditions.

What future vesting schedule is disclosed for Benjamin Lindquist’s RSUs at Leslie's (LESL)?

The footnotes state that a grant of RSUs includes 343 units scheduled to vest in equal installments on May 23, 2027 and May 23, 2028. Vesting is conditioned on Benjamin Lindquist’s continuous employment or service with Leslie's or an affiliate through each vesting date.

Does this Leslie's (LESL) Form 4 indicate any remaining RSU holdings for Benjamin Lindquist?

Yes. After the RSU conversion, Benjamin Lindquist holds 8,434 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Leslie's common stock upon vesting, as described in the filing’s footnotes and transaction details.