Levi Strauss (NYSE: LEVI) fund sells 4,338 Class A shares under plan
Rhea-AI Filing Summary
Peter E. Haas Jr. Family Fund, a more than 10% holder of Levi Strauss & Co., converted 4,338 shares of Class B Common Stock into 4,338 shares of Class A Common Stock and then sold those 4,338 Class A shares in an open-market transaction at $24.0019 per share.
The sale was made pursuant to a Rule 10b5-1 trading plan adopted on April 13, 2026, indicating it was pre‑planned. Following the conversion, the fund reported ownership of 23,774,062 Class B shares and no remaining Class A shares from this transaction.
Positive
- None.
Negative
- None.
Insights
Small, pre-planned sale after routine share conversion.
The Peter E. Haas Jr. Family Fund converted 4,338 Class B shares into 4,338 Class A shares and sold the Class A shares at $24.0019 each. This is a standard Class B to Class A conversion followed by an open-market sale.
The footnotes state the sale was executed under a Rule 10b5-1 plan adopted on April 13, 2026, showing it was pre-scheduled rather than opportunistic. After the transaction, the fund still held 23,774,062 Class B shares, so the sale represents only a tiny fraction of its position.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 4,338 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 4,338 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 4,338 | $24.0019 | $104K |
Footnotes (3)
- F1. Represents the conversion of Class B Common Stock into Class A Common Stock.
- F2. 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.
- F3. Shares disposed of pursuant to a Rule 10b5-1 plan adopted on April 13, 2026.
Key Figures
Key Terms
Rule 10b5-1 plan financial
Class B Common Stock financial
derivative conversion financial
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