LEVI large holder sells 492K shares after conversions
LEVI STRAUSS & CO large shareholder Robert D. Haas reported a paired conversion-and-sale of Class B into Class A shares.
Rhea-AI Filing Summary
LEVI STRAUSS & CO large shareholder Robert D. Haas reported a paired conversion-and-sale of Class B into Class A shares. On June 10–11, 2026, trusts for which he serves as trustee converted and sold a total of 492,033 shares of Class A Common Stock in open-market transactions at prices around $24 per share. The largest sale involved 488,851 shares at a weighted average price of $24.105 per share, following a conversion from Class B Common Stock. Footnotes state that certain indirect Class B holdings, including 25,243,695 shares after one transaction, include 23,912,912 shares for which Haas disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 492,033 shares ($11.86M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Haas Robert D.
Role
10% Owner
Sold
492,033 shs ($11.86M)
Approx. gross sale proceeds
$11.86M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$11.86M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 488,851 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 0 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 0 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 0 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 488,851 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 488,851 | $24.105 | $11.78M |
| Conversion | Class B Common Stock | 3,182 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 3,182 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 3,182 | $24.00 | $76K |
Holdings After Transaction:
Class B Common Stock — 50,487,390 contracts (Indirect, As trustee);
Class B Common Stock — 0 contracts (Direct);
Class B Common Stock — 450,000 contracts (Indirect, By spouse);
Class B Common Stock — 9,908,392 contracts (Indirect, By spouse as trustee);
Class A Common Stock — 0 shares (Indirect, As trustee)
Footnotes (5)
- F1. Represents the conversion of Class B Common Stock into Class A Common Stock held indirectly by the reporting person.
- F2. Price represents the weighted average sale price of the shares sold on June 11, 2026. The sale price ranged from $24.00 to $24.275 per share. Upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. 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.
- F4. Includes 23,912,912 shares as to which the reporting person disclaims beneficial ownership.
- F5. The reporting person disclaims beneficial ownership of these shares.
Key Figures
Total Class A shares sold: 492,033 shares
June 11 weighted average price: $24.105/share
June 10 sale price: $24.00/share
+5 more
8 metrics
Total Class A shares sold
492,033 shares
Indirect open-market sales on June 10–11, 2026
June 11 weighted average price
$24.105/share
488,851 Class A shares sold; range $24.00–$24.275
June 10 sale price
$24.00/share
3,182 Class A shares sold indirectly as trustee
Shares converted then sold
492,033 shares
Class B converted into Class A Common Stock before sales
Indirect Class B holdings as trustee
25,243,695 shares
Post-transaction balance; includes shares with disclaimed ownership
Class B shares with disclaimed ownership
23,912,912 shares
Included within an indirect Class B position
Spouse trust Class B holdings
9,908,392 shares
Indirectly held by spouse as trustee after conversion entry
Spouse Class B holdings
450,000 shares
Indirect holdings reported as by spouse
Key Terms
open-market sale, Conversion of derivative security, weighted average sale price, beneficial ownership, +1 more
5 terms
open-market sale financial
"transaction_action is described as "open-market sale" of Class A Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Conversion of derivative security financial
"transaction_code_description states "Conversion of derivative security" for Class B entries"
weighted average sale price financial
"footnote states "Price represents the weighted average sale price of the shares""
beneficial ownership financial
"footnotes explain that the reporting person disclaims beneficial ownership of certain shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Class B Common Stock financial
"described as convertible into one share of Class A Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Robert D. Haas report for LEVI on June 10–11, 2026?
Robert D. Haas reported converting Class B Common Stock into Class A and then selling 492,033 Class A shares in open-market transactions. These sales were made indirectly through trusts where he serves as trustee, according to the Form 4 disclosures.
Does Robert D. Haas still have indirect Class B holdings in LEVI after these transactions?
Yes. After certain conversions, an indirect account for which he serves as trustee held 25,243,695 Class B shares, and a spouse-trust account held 9,908,392 shares. A separate spouse account held 450,000 shares. Some of these shares are disclaimed for beneficial ownership.
What beneficial ownership disclaimers are included in Robert D. Haas’s LEVI Form 4 filing?
The filing notes that one indirect Class B position includes 23,912,912 shares for which Robert D. Haas disclaims beneficial ownership. Another footnote states he disclaims beneficial ownership of certain additional shares, clarifying that some reported holdings are attributed for reporting purposes only.
How is the weighted average sale price described in the LEVI insider transaction footnotes?
A footnote explains that the $24.105 figure is a weighted average sale price for transactions on June 11, 2026. Individual sale prices ranged from $24.00 to $24.275 per share, and detailed price breakdowns are available upon request to the issuer or the SEC staff.
AI-generated analysis. How Rhea-AI works. Not financial advice.
