Levi Strauss (LEVI) Form 3 shows SVP Davis holds no shares
Rhea-AI Filing Summary
Levi Strauss & Co. (LEVI) filed an initial Form 3 disclosing that Timothy Joseph Davis, who serves as SVP, Global Controller and an officer/director, reported a qualifying event dated 08/11/2025. The filing states no securities are beneficially owned by the reporting person as of the event date. The form was signed by an attorney-in-fact on 08/20/2025, and includes an Exhibit 24 power of attorney.
Positive
- Timely Section 16 compliance with an initial Form 3 filing
- Clear disclosure that the reporting officer currently holds no beneficial ownership
Negative
- None.
Insights
TL;DR: Officer disclosed with no beneficial ownership; filing ensures Section 16 compliance.
The Form 3 records an initial Section 16 filing for Timothy Joseph Davis as an officer and director-level reporting person, dated 08/11/2025. It explicitly states no securities are beneficially owned, which is a clear declaration rather than an omission.
This is a routine, compliance-focused disclosure that establishes the reporting baseline for future Section 16 transactions and potential short-swing profit tracking. The inclusion of Exhibit 24 indicates a power of attorney was filed to permit signature by counsel on 08/20/2025.