Trust-linked Levi Strauss (LEVI) insider moves 791,370 Class B shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEVI STRAUSS & CO insider Jennifer C. Haas, a 10% owner, reported an internal reallocation of 791,370 shares of Class B Common Stock. The shares were received at a stated price of $0.00 per share.
Footnotes explain the shares were received as part of a distribution from a trust to trusts for which Ms. Haas serves as trustee, and that many related holdings are in trusts, a custodial account, a dependent's account, and a limited liability company. In several cases she disclaims beneficial ownership of these shares, indicating they are held for the benefit of others rather than as her personal economic stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Haas Jennifer C.
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 791,370 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 791,370 shares (Indirect, See note);
Class B Common Stock — 0 shares (Direct)
Footnotes (1)
- 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. Shares received as part of a distribution from a trust to trusts of which Ms. Haas is the trustee. Shares are held in trusts for which Ms. Haas is the trustee for the benefit of others. Ms. Haas disclaims beneficial ownership of these shares. Shares held in a custodial account for the benefit of another. Ms. Haas is the custodian and has sole voting and investment power over the account. She disclaims beneficial ownership of these shares. Shares held by Ms. Haas' dependent. Ms. Haas disclaims beneficial ownership of these shares. Shares held by a limited liability company of which Ms. Haas is the manager. Ms. Haas has no ownership interest in the limited liability company. She disclaims beneficial ownership of these shares. Shares held in trusts of which Ms. Haas is the trustee.
FAQ
What did LEVI insider Jennifer C. Haas report in this Form 4?
Jennifer C. Haas reported an internal reallocation involving 791,370 shares of Levi Strauss Class B Common Stock. The shares were received at a stated price of $0.00 in a trust-related distribution, rather than through an open-market purchase or sale.
What role do trusts play in the LEVI insider holdings reported by Haas?
The filing notes that shares were received as part of a distribution from a trust to other trusts where Ms. Haas is trustee. Additional shares are held in various trusts, reinforcing that much of the reported ownership is structured through fiduciary arrangements.