Peter E. Haas Jr. Fund converts and sells 150k LEVI shares at $24.19
Rhea-AI Filing Summary
Peter E. Haas Jr. Family Fund, a reporting person and director of Levi Strauss & Co. (LEVI), reported transactions dated 10/01/2025. The filing shows the conversion of 150,000 Class B shares into 150,000 Class A shares and the sale of those 150,000 Class A shares under a prearranged Rule 10b5-1 plan adopted on April 14, 2025 at a weighted average price of $24.1855 per share, with individual sale prices ranging from $24.00 to $24.41. After the reported transactions the reporting entity holds 0 Class A shares beneficially. The form is signed by an attorney-in-fact on behalf of the reporting fund on 10/03/2025.
Positive
- Sale executed under a Rule 10b5-1 plan, adopted on April 14, 2025, indicating prearranged trading instructions
- Weighted average sale price disclosed at $24.1855, with the reporting person offering to provide detailed per-trade prices on request
Negative
- Reporting entity reduced beneficial ownership to 0 Class A shares after selling 150,000 shares
- Material insider sale of 150,000 shares could be viewed as a disposition of previously held economic interest
Insights
Insider converted and sold 150,000 shares under a 10b5-1 plan.
The filing documents a conversion of 150,000 Class B shares into 150,000 Class A shares and an immediate disposition of those 150,000 Class A shares on 10/01/2025.
The sales were executed under a prearranged Rule 10b5-1 plan adopted on April 14, 2025, producing a weighted average sale price of $24.1855 per share with trades between $24.00 and $24.41.
This is a compliance-forward disclosure: the use of a 10b5-1 plan signals the transactions were preplanned rather than opportunistic trades.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 150,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 150,000 | $0.00 | -- |
| Sale | Class A Common Stock | 150,000 | $24.1855 | $3.63M |
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. 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. Reporting Person 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.