Haas Family Fund sells 145,662 Levi Strauss shares
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Form Type
4
Rhea-AI Filing Summary
Peter E. Haas Jr. Family Fund, a 10% owner of LEVI STRAUSS & CO, converted 145,662 shares of Class B Common Stock into Class A Common Stock and then sold 145,662 Class A shares in an open-market transaction at $24.0084 per share on June 11, 2026.
The filing notes that each share of Class B is convertible into one share of Class A with no expiration date, and that the sale was made pursuant to a Rule 10b5-1 plan adopted on April 13, 2026. Following these transactions, the fund reported no direct holdings of Class A Common Stock and 23,628,400 shares of Class B Common Stock.
Insider Trade Summary 10b5-1
Exercise and Sale: 145,662 shares ($3.50M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Peter E. Haas Jr. Family Fund
Role
10% Owner
Sold
145,662 shs ($3.50M)
Approx. gross sale proceeds
$3.50M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$3.50M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 145,662 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 145,662 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 145,662 | $24.0084 | $3.50M |
Holdings After Transaction:
Class B Common Stock — 23,628,400 contracts (Direct);
Class A Common Stock — 0 shares (Direct)
Footnotes (3)
- F1. Represents the conversion of Class B Common Stock into Class A Common Stock.
- F2. 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.
- F3. Shares disposed of pursuant to a Rule 10b5-1 plan adopted on April 13, 2026.
Key Figures
Class A shares sold: 145,662 shares
Sale price per share: $24.0084 per share
Shares converted: 145,662 shares
+2 more
5 metrics
Class A shares sold
145,662 shares
Open-market sale of Class A Common Stock on June 11, 2026
Sale price per share
$24.0084 per share
Average price for 145,662 Class A shares sold
Shares converted
145,662 shares
Conversion of Class B Common Stock into Class A Common Stock
Class B holdings after
23,628,400 shares
Class B Common Stock held following the conversion
Net buy/sell shares
-145,662 shares
Net-sell direction from transaction summary
Key Terms
Rule 10b5-1 plan, Class B Common Stock, derivative conversion, open-market sale
4 terms
Rule 10b5-1 plan financial
"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.
Class B Common Stock financial
"Represents the conversion of Class B Common Stock into 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.
derivative conversion financial
"transaction_action": "derivative conversion","transaction_code_description": "Conversion of derivative security""
open-market sale financial
"transaction_action": "open-market sale","transaction_code_description": "Sale in open market or private transaction""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Peter E. Haas Jr. Family Fund do in this LEVI Form 4 filing?
The Peter E. Haas Jr. Family Fund converted 145,662 Class B shares into Class A and sold 145,662 Class A Common Stock shares at $24.0084 each. These transactions were reported as open-market activity for Levi Strauss & Co. common shares.
What Levi Strauss (LEVI) stake does the Haas Family Fund report after these transactions?
After the reported transactions, the fund holds 23,628,400 shares of Class B Common Stock and no Class A Common Stock shares. Class B shares are convertible into Class A on a one-for-one basis and have no expiration date under the terms described.
What type of transactions are reported in this LEVI Form 4 for the Haas Family Fund?
The Form 4 reports a derivative conversion of 145,662 Class B shares into Class A shares, followed by an open-market sale of 145,662 Class A Common Stock shares. The conversion and sale occurred on June 11, 2026, as a linked sequence.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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