Margaret Haas reports sales of 16,273 and 25,723 shares at $14.72–$20.07

Rhea-AI Filing Summary

Margaret E. Haas, a director of Levi Strauss & Co., reported conversions of Class B common stock into Class A on 04/15/2025 and 08/11/2025, converting 133,443 and 209,450 shares respectively. Each Class B share is convertible into one share of Class A and has no expiration.

The filing also shows private sales of 16,273 and 25,723 Class B shares at prices of $14.72 and $20.07. Reported direct beneficial ownership following the April transactions was 13,610,828 shares and following the August transactions was 13,375,655; reported indirect holdings were 21,109,593 and 21,319,043. Footnotes state many shares are held in trusts and charitable entities and that Ms. Haas disclaims beneficial ownership of certain shares held for others.

Positive

• The filing provides specific, itemized transactions including conversion amounts and sale volumes, enabling clear reconciliation of holdings.
• Footnotes disclose transfers into trusts and charitable entities and include explicit disclaimers of beneficial ownership for certain trust-held shares, improving transparency.

Negative

• Insider sales of 16,273 and 25,723 Class B shares were reported at $14.72 and $20.07, respectively.
• Direct beneficial ownership decreased from 13,610,828 shares after the April transactions to 13,375,655 after the August transactions.

Insights

Corporate Governance Expert

TL;DR: Director reports conversions, trust transfers, and disclaimers; disclosure is specific about trustee roles and charitable holdings.

The Form 4 details non-derivative conversions of Class B to Class A and several trust transfers. Footnotes explicitly identify transfers from trusts for the benefit of others and charitable entities, and state that Ms. Haas disclaims beneficial ownership of shares held in those vehicles. The filing provides clear attribution of holdings between direct and indirect ownership, which is important for assessing voting power and control structure without making assumptions beyond the disclosures.

Securities Analyst

TL;DR: Reported conversions and modest sales slightly reduced direct holdings; transaction prices were $14.72 and $20.07.

The filing records conversions of 133,443 and 209,450 Class B shares into Class A, along with private sales of 16,273 and 25,723 shares at $14.72 and $20.07. Direct beneficial ownership moved from 13,610,828 to 13,375,655 across the reported transactions, while indirect holdings are reported in the low-21 million range. The data are presented in detail and allow precise reconciliation of post-transaction holdings.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Haas Margaret E.

(Last) (First) (Middle)

C/O LEVI STRAUSS & CO.

1155 BATTERY STREET

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LEVI STRAUSS & CO [ LEVI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(1)	04/15/2025		J(2)			133,443	(1)	(1)	Class A Common Stock	133,443	$14.72	13,610,828	D
Class B Common Stock	(1)	04/15/2025		J(2)		133,443		(1)	(1)	Class A Common Stock	133,443	$14.72	21,109,593	I	See Footnote(3)
Class B Common Stock	(1)	04/15/2025		S(4)			16,273	(1)	(1)	Class A Common Stock	16,273	$14.72	13,610,828	D
Class B Common Stock	(1)	08/11/2025		J(2)			209,450	(1)	(1)	Class A Common Stock	209,450	$20.07	13,375,655	D
Class B Common Stock	(1)	08/11/2025		J(2)		209,450		(1)	(1)	Class A Common Stock	209,450	$20.07	21,319,043	I	See Footnote(3)
Class B Common Stock	(1)	08/11/2025		S(4)			25,723	(1)	(1)	Class A Common Stock	25,723	$20.07	13,375,655	D
Class B Common Stock	(1)							(1)	(1)	Class A Common Stock	(1)		7,074,430	I	See Footnote(5)
Class B Common Stock	(1)							(1)	(1)	Class A Common Stock	(1)		844,680	I	See Footnote(6)

Explanation of Responses:

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.

2. This transfer is from a trust of which Ms. Haas is trustee and beneficiary to trusts of which she is trustee for the benefit of others. The transfer was effected at the value of the Class B Common Stock as of the date of the transfer.

3. 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.

4. This transfer is a private sale from a trust of which Ms. Haas is trustee and beneficiary to a trust for the benefit of others, which was effected at the value of the Class B Common Stock on the date of the transfer.

5. 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.

6. 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.

	/s/ Christina M. Hamilton as Attorney-in-fact for Margaret E. Haas	08/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What transactions did Margaret E. Haas report on the LEVI Form 4?

The Form 4 reports conversions of Class B to Class A of 133,443 shares on 04/15/2025 and 209,450 shares on 08/11/2025, plus private sales of 16,273 and 25,723 Class B shares.

How many Class B shares were converted to Class A by Margaret Haas?

The filing shows conversions of 133,443 shares on 04/15/2025 and 209,450 shares on 08/11/2025. The form states each Class B is convertible one-for-one into Class A and has no expiration.

Did Ms. Haas sell any LEVI shares and at what prices?

Yes. The Form 4 reports private sales of 16,273 shares at $14.72 and 25,723 shares at $20.07.

What were Ms. Haas's reported beneficial ownership totals after the transactions?

After the April transactions direct ownership was reported as 13,610,828 shares with indirect holdings of 21,109,593; after the August transactions direct ownership is reported as 13,375,655 with indirect holdings of 21,319,043.

What do the footnotes say about the nature of the holdings?

Footnotes state many shares are held by trusts and a limited liability company for the benefit of others; Ms. Haas is trustee/manager and disclaims beneficial ownership of certain trust-held shares. Two charitable vehicles hold 7,074,430 and 844,680 shares respectively.