Margaret Haas converts 50,000 Class B to A and sells under 10b5-1
Rhea-AI Filing Summary
Margaret E. Haas, Board Chair of Levi Strauss & Co. (LEVI), reported transactions on 10/01/2025. She converted 50,000 shares of Class B common stock into 50,000 shares of Class A common stock and, pursuant to a Rule 10b5-1 plan adopted on 4/14/2025, sold 50,000 Class A shares for a weighted average price of $24.1381 per share, with sale prices ranging from $24.00 to $24.41. After the reported sale, the specific converted holding was reduced to 0 shares held directly by the reporting capacity; other Class A and Class B shares are reported as held indirectly by trusts and charitable entities for which Ms. Haas disclaims beneficial ownership.
Positive
- Sale executed under a Rule 10b5-1 plan adopted on 4/14/2025, indicating preplanned transactions
- Filer discloses holdings held indirectly by charitable trusts and entities and disclaims beneficial ownership where applicable
Negative
- Disposition of 50,000 Class A shares reduced the converted holding to 0 shares for that lot
- Insider sale of 50,000 shares at a weighted average of $24.1381 per share
Insights
Director conversion and planned sale: conversion of 50,000 Class B shares and an identical sale under a 10b5-1 plan.
The filing shows a conversion of 50,000 Class B shares into Class A shares and the sale of those 50,000 Class A shares at a weighted average price of $24.1381.
This sale was executed under a written Rule 10b5-1 plan adopted on 4/14/2025, which indicates the transactions were preplanned rather than ad hoc trading.
If interested parties require the breakdown of trades by exact execution price, the filer states she will provide that detail on request.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 50,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 50,000 | $24.1381 | $1.21M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the conversion of Class B Common Stock into Class A Common Stock. 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 shares are held by the Margaret E. Haas Fund, of which Ms. Haas is Board Chair, for the benefit of various charitable entities. Ms. Haas disclaims beneficial ownership of these shares. Shares disposed of pursuant to a Rule 10b5-1 plan adopted on April 14, 2025. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.41 per share. Ms. Haas undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission on request, full information regarding the number of shares sold at each separate price within this range. The shares are held by trusts and a limited liability company of which Ms. Haas is trustee and manager, respectively, for the benefit of others. Ms. Haas disclaims beneficial ownership of these shares. The shares are held by the Lynx Foundation, of which Ms. Haas is board chair, for the benefit of charitable entities. Ms. Haas disclaims beneficial ownership of these shares.
