Levi Strauss insider updates indirect holdings to 25,946,085
Rhea-AI Filing Summary
Levi Strauss & Co. (LEVI) reported a Form 4 showing insider-related transfers of Class B Common Stock on 11/10/2025. The transactions reflect movements from grantor retained annuity trusts to the reporting person, the reporting person’s spouse, and trusts for the reporting person’s descendants, each labeled with transaction code J.
Each share of Class B is convertible into one share of Class A with no expiration. Following the transactions, the filing lists 25,946,085 shares held indirectly as trustee and 10,143,923 shares held indirectly by spouse as trustee, with the reporting person disclaiming beneficial ownership of certain shares, including 24,800,400 within trustee accounts. The filing also notes 216,407 shares held indirectly by spouse.
Positive
- None.
Negative
- None.
Insights
Administrative insider transfers via trusts; neutral impact.
The Form 4 records insider-related transfers coded J, indicating non-open market, non-price transactions involving grantor retained annuity trusts. The footnotes state the transfers were between trusts, the reporting person, the spouse, and descendant trusts. These are title/beneficial ownership movements rather than purchases or sales.
Each Class B share is convertible 1:1 into Class A with no expiration, clarifying potential economic equivalence. The filing lists large indirect positions—25,946,085 as trustee and 10,143,923 by spouse as trustee—with explicit disclaimers of beneficial ownership over certain shares, including 24,800,400.
The absence of a transaction price and the J code suggest non-cash, intra-family trust activity. Actual market impact depends on future holder decisions; this filing primarily updates ownership records as of 11/10/2025.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 157,529 | $0.00 | -- |
| Other | Class B Common Stock | 157,529 | $0.00 | -- |
| Other | Class B Common Stock | 171,974 | $0.00 | -- |
| Other | Class B Common Stock | 171,974 | $0.00 | -- |
| Other | Class B Common Stock | 216,407 | $0.00 | -- |
| Other | Class B Common Stock | 216,407 | $0.00 | -- |
| Other | Class B Common Stock | 242,198 | $0.00 | -- |
| Other | Class B Common Stock | 242,198 | $0.00 | -- |
Footnotes (1)
- On the Transaction Date, a grantor retained annuity trust for the benefit of the reporting person and the remainder beneficiaries transferred shares of Class B Common Stock to the reporting person. On the Transaction Date, a grantor retained annuity trust for the benefit of the reporting person and the remainder beneficiaries transferred shares of Class B Common Stock to a trust for the benefit of the reporting person's descendants. On the Transaction Date, a grantor retained annuity trust for the benefit of the spouse of the reporting person and the remainder beneficiaries transferred shares of Class B Common Stock to the spouse of the reporting person. On the Transaction Date, a grantor retained annuity trust for the benefit of the spouse of the reporting person and the remainder beneficiaries transferred shares of Class B Common Stock to a trust for the benefit of the reporting person's descendants. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. The reporting person disclaims beneficial ownership of these shares. Includes 24,800,400 shares as to which the reporting person disclaims beneficial ownership.
