Charitable funds tied to Haas trim Levi (LEVI) stake under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEVI STRAUSS & CO ten percent owner Margaret E. Haas reported transactions mainly involving entities she is associated with but for which she disclaims beneficial ownership. On June 11, 2026, charitable and trust entities linked to her converted 47,721 shares of Class B Common Stock into 47,721 shares of Class A Common Stock, reflecting the one-for-one convertibility of Class B shares with no expiration.
Those same entities then sold 47,721 Class A shares in open-market transactions at a weighted average price of $24.0123 per share, with individual trades ranging from $24.00 to $24.0475. The sale was executed under a pre-arranged Rule 10b5-1 plan adopted on April 13, 2026. Following the derivative conversion, one indirect position shows 6,974,430 Class B shares outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 47,721 shares ($1,145,891)
Net Sell
6 txns
Insider
Haas Margaret E.
Role
null
Sold
47,721 shs ($1.15M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 47,721 | $0.00 | -- |
| Conversion | Class A Common Stock | 47,721 | $0.00 | -- |
| Sale | Class A Common Stock | 47,721 | $24.0123 | $1.15M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 6,974,430 shares (Indirect, See Footnote);
Class A Common Stock — 47,721 shares (Indirect, See Footnote);
Class B Common Stock — 0 shares (Direct, null)
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 13, 2026. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.0475 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.
Key Figures
Shares sold: 47,721 shares
Weighted average sale price: $24.0123/share
Sale price range: $24.00–$24.0475/share
+3 more
6 metrics
Shares sold
47,721 shares
Class A Common Stock sold on June 11, 2026
Weighted average sale price
$24.0123/share
Open-market sale of 47,721 Class A shares
Sale price range
$24.00–$24.0475/share
Multiple transactions on June 11, 2026
Shares converted
47,721 shares
Class B converted into Class A on June 11, 2026
Indirect Class B holdings
6,974,430 shares
Class B Common Stock indirectly held after conversion
10b5-1 plan adoption date
April 13, 2026
Plan governing June 11, 2026 share sale
Key Terms
Rule 10b5-1 plan, weighted average price, Conversion of derivative security, beneficial ownership, +1 more
5 terms
Rule 10b5-1 plan regulatory
"Shares disposed of pursuant to a Rule 10b5-1 plan adopted on April 13, 2026."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The reported price is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Conversion of derivative security financial
"transaction_code_description: Conversion of derivative security"
beneficial ownership regulatory
"Ms. Haas disclaims beneficial ownership of these 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
"Each share of Class B Common Stock is 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
What insider transactions did Margaret E. Haas report for LEVI on June 11, 2026?
Entities associated with Margaret E. Haas converted 47,721 Class B shares into 47,721 Class A shares, then sold 47,721 Class A shares at a weighted average price of $24.0123, all on June 11, 2026.
What are the conversion terms between LEVI Class B and Class A Common Stock?
Each share of LEVI Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder, and this conversion right has no expiration date according to the filing footnotes.