Levi Strauss (LEVI) major holder Haas restructures 3.47M Class B shares via trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEVI STRAUSS & CO major shareholder Robert D. Haas reported a series of Form 4 transactions reclassifying holdings of Class B Common Stock on June 4, 2026. All eight entries use code J, which indicates other types of acquisitions or dispositions rather than open-market trades.
The filing shows 3,469,008 shares of Class B Common Stock involved in restructuring among grantor retained annuity trusts for Haas, similar trusts for his spouse, and their direct and indirect holdings. Reported post-transaction positions include 9,908,392 shares held indirectly by his spouse as trustee, 450,000 shares held indirectly by his spouse, and 25,735,728 shares held indirectly as trustee.
Footnotes explain that these were transfers to and from grantor retained annuity trusts benefiting Haas and his spouse, and state that each Class B share is convertible into one Class A share with no expiration date. The filing also notes that Haas disclaims beneficial ownership of 24,404,945 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Haas Robert D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 361,468 | $0.00 | -- |
| Other | Class B Common Stock | 361,468 | $0.00 | -- |
| Other | Class B Common Stock | 361,468 | $0.00 | -- |
| Other | Class B Common Stock | 361,468 | $0.00 | -- |
| Other | Class B Common Stock | 591,753 | $0.00 | -- |
| Other | Class B Common Stock | 591,753 | $0.00 | -- |
| Other | Class B Common Stock | 419,815 | $0.00 | -- |
| Other | Class B Common Stock | 419,815 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 0 shares (Direct, null);
Class B Common Stock — 25,735,728 shares (Indirect, As trustee)
Footnotes (1)
- On the Transaction Date, grantor retained annuity trusts for the benefit of the reporting person and the remainder beneficiaries transferred shares of Class B Common Stock to the reporting person. On the Transaction Date, the reporting person transferred shares of Class B Common Stock to a grantor retained annuity trust for the benefit of the reporting person and the remainder beneficiaries. On the Transaction Date, grantor retained annuity trusts for the benefit of the spouse of the reporting person and the remainder beneficiaries transferred shares of Class B Common Stock to the spouse of the reporting person. On the Transaction Date, the spouse of the reporting person transferred shares of Class B Common Stock to a grantor retained annuity trust for the benefit of the spouse of the reporting person and the remainder beneficiaries. 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. The reporting person disclaims beneficial ownership of these shares. Includes 24,404,945 shares as to which the reporting person disclaims beneficial ownership.
Key Figures
Restructured shares: 3,469,008 shares
Spouse as trustee holdings: 9,908,392 shares
Spouse indirect holdings: 450,000 shares
+4 more
7 metrics
Restructured shares
3,469,008 shares
Total Class B shares in code J restructuring transactions
Spouse as trustee holdings
9,908,392 shares
Class B shares indirectly held by spouse as trustee after transactions
Spouse indirect holdings
450,000 shares
Class B shares indirectly held by spouse after transactions
Trustee holdings
25,735,728 shares
Class B shares held indirectly as trustee after transactions
Disclaimed beneficial ownership
24,404,945 shares
Shares included in totals for which Haas disclaims beneficial ownership
Individual transaction block
591,753 shares
Size of certain individual Class B transfers on June 4, 2026
Other transaction code count
8 transactions
All transactions coded J as other acquisitions or dispositions
Key Terms
grantor retained annuity trust, beneficial ownership, Class B Common Stock, convertible, +1 more
5 terms
grantor retained annuity trust financial
"On the Transaction Date, grantor retained annuity trusts for the benefit of the reporting person..."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these shares."
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.
Class B Common Stock financial
"transferred shares of Class B Common Stock to the reporting person."
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.
convertible financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock..."
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
remainder beneficiaries financial
"for the benefit of the reporting person and the remainder beneficiaries transferred shares..."
FAQ
What insider activity did LEVI major holder Robert D. Haas report on this Form 4?
Robert D. Haas reported a restructuring of Class B Common Stock holdings involving 3,469,008 shares. The transactions used code J, reflecting other acquisitions or dispositions linked to grantor retained annuity trusts for Haas and his spouse, rather than open-market buying or selling.
Were the LEVI Form 4 transactions open-market buy or sell trades?
No, the LEVI Form 4 does not show open-market buys or sells. All eight entries use transaction code J, described as other acquisitions or dispositions, tied to transfers among grantor retained annuity trusts and related indirect holdings for Haas and his spouse.
What are Robert D. Haas’s notable LEVI holdings after these Form 4 transactions?
Post-transaction figures include 9,908,392 LEVI Class B shares indirectly held by his spouse as trustee, 450,000 shares indirectly held by his spouse, and 25,735,728 shares indirectly held as trustee. The filing also notes that Haas disclaims beneficial ownership of 24,404,945 of these shares.