Haas sells 100K LEVI shares after share conversion
LEVI STRAUSS & CO major shareholder Robert D. Haas reported a mix of conversions and sales involving the company’s dual-class shares.
Rhea-AI Filing Summary
LEVI STRAUSS & CO major shareholder Robert D. Haas reported a mix of conversions and sales involving the company’s dual-class shares. On May 18, 2026, an entity for which he serves as trustee sold 100,000 Class A Common Stock in an open-market transaction at a weighted average price of $21.1282 per share. Related entries show the conversion of 100,000 Class B into Class A and substantial remaining indirect holdings of Class B through trusts and a spouse, including shares for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 100,000 shares ($2.11M approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Haas Robert D.
Role
10% Owner
Sold
100,000 shs ($2.11M)
Approx. gross sale proceeds
$2.11M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$2.11M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 0 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 100,000 | $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 | 100,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 100,000 | $21.1282 | $2.11M |
Holdings After Transaction:
Class B Common Stock — 0 contracts (Direct);
Class B Common Stock — 26,141,560 contracts (Indirect, As trustee);
Class B Common Stock — 278,062 contracts (Indirect, By spouse);
Class B Common Stock — 10,080,330 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 May 18, 2026. The sale price ranged from $20.955 to $21.535 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 24,810,777 shares as to which the reporting person disclaims beneficial ownership
- F5. The reporting person disclaims beneficial ownership of these shares.
Key Figures
Class A shares sold: 100,000 shares
Weighted average sale price: $21.1282 per share
Sale price range: $20.955–$21.535 per share
+5 more
8 metrics
Class A shares sold
100,000 shares
Open-market sale on May 18, 2026
Weighted average sale price
$21.1282 per share
Class A sale on May 18, 2026
Sale price range
$20.955–$21.535 per share
Class A shares sold on May 18, 2026
Class B converted to Class A
100,000 shares
Conversion of Class B into Class A
Class B held as trustee
26,141,560 shares
Indirect Class B ownership as trustee after transactions
Class B by spouse as trustee
10,080,330 shares
Indirect Class B ownership by spouse as trustee
Class B by spouse
278,062 shares
Indirect Class B ownership by spouse
Shares with disclaimed ownership
24,810,777 shares
Shares for which beneficial ownership is disclaimed
Key Terms
Class B Common Stock, weighted average sale price, beneficial ownership, derivative security, +1 more
5 terms
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.
weighted average sale price financial
"Price represents the weighted average sale price of the shares sold on May 18, 2026."
beneficial ownership financial
"Includes 24,810,777 shares as to which the reporting person disclaims beneficial ownership"
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.
derivative security financial
"Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
conversion of Class B Common Stock financial
"Represents the conversion of Class B Common Stock into Class A Common Stock held indirectly"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Robert D. Haas report in this LEVI Form 4 filing?
Robert D. Haas reported a mix of transactions, including a sale of 100,000 shares of Class A Common Stock and conversions between Class B and Class A shares, all held indirectly through trusts and related accounts.
What conversions between LEVI Class B and Class A stock occurred?
The filing shows conversion of 100,000 shares of LEVI Class B Common Stock into Class A Common Stock, reflecting the feature that each Class B share is convertible into one Class A share at the holder’s option with no expiration date.
What LEVI Class B holdings remain indirectly owned after these transactions?
After the reported transactions, indirect Class B holdings include 26,141,560 shares held as trustee, 10,080,330 shares held by a spouse as trustee, and 278,062 shares held by a spouse, though Haas disclaims beneficial ownership of 24,810,777 of these shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
