Levi Strauss & Co. CFO exercises rights, sells 98K shares
Levi Strauss & Co. EVP & Chief Financial & Growth Officer Harmit J. Singh reported multiple equity transactions on July 23, 2026.
Rhea-AI Filing Summary
Levi Strauss & Co. EVP & Chief Financial & Growth Officer Harmit J. Singh reported multiple equity transactions on July 23, 2026. He exercised fully vested Stock Appreciation Rights covering 424,916 shares, acquiring Class A Common Stock in several tranches at exercise prices including $20.25 and $21.35 per share. To pay exercise prices and taxes, the company withheld 376,772 shares of Class A and Class B stock. Singh also sold 98,144 shares of Class A Common Stock in transactions at a weighted average price of $24.22 per share, with individual sale prices ranging from $23.96 to $24.51, pursuant to a previously established Rule 10b5-1 plan.
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Insights
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
20 txns
Insider
Singh Harmit J
Role
EVP & Chief Fin. & Growth Ofc.
Sold
98,144 shs ($2.38M)
Approx. gross sale proceeds
$2.38M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights F6, F7 | 89,440 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F7 | 89,440 | $14.88 | $1.33M |
| Exercise Price or Tax Liability | Class B Common Stock F7, F3 | 72,015 | $24.34 | $1.75M |
| Conversion | Class B Common Stock F7, F1 | 17,425 | $0.00 | $0.00 |
| Exercise | Stock Appreciation Rights F6 | 65,789 | $0.00 | $0.00 |
| Exercise | Stock Appreciation Rights F6 | 50,607 | $0.00 | $0.00 |
| Exercise | Stock Appreciation Rights F6 | 73,616 | $0.00 | $0.00 |
| Exercise | Stock Appreciation Rights F6 | 66,207 | $0.00 | $0.00 |
| Exercise | Stock Appreciation Rights F6 | 47,710 | $0.00 | $0.00 |
| Exercise | Stock Appreciation Rights F6 | 31,547 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 17,425 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F2 | 65,789 | $20.25 | $1.33M |
| Exercise | Class A Common Stock F2 | 50,607 | $21.35 | $1.08M |
| Exercise | Class A Common Stock F2 | 73,616 | $21.00 | $1.55M |
| Exercise | Class A Common Stock F2 | 66,207 | $17.79 | $1.18M |
| Exercise | Class A Common Stock F2 | 47,710 | $16.58 | $791K |
| Exercise | Class A Common Stock F2 | 31,547 | $19.03 | $600K |
| Exercise Price or Tax Liability | Class A Common Stock F3 | 256,918 | $24.34 | $6.25M |
| Exercise Price or Tax Liability | Class A Common Stock F3 | 47,839 | $24.28 | $1.16M |
| Sale | Class A Common Stock F4, F5 | 98,144 | $24.22 | $2.38M |
Holdings After Transaction:
Stock Appreciation Rights — 0 contracts (Direct);
Class B Common Stock — 0 contracts (Direct);
Class A Common Stock — 98,747 shares (Direct)
Footnotes (7)
- F1. Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- F2. Represents shares of Class A Common Stock acquired upon exercise of vested Stock Appreciation Rights.
- F3. Represents shares withheld by the company for exercise price and taxes upon exercise of a Stock Appreciation Right.
- F4. Transaction pursuant to a previously established Rule 10b5-1 Plan.
- F5. Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.96 to $24.51 per share. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (5) to this Form 4.
- F6. 100% of these Stock Appreciation Rights are fully vested.
- F7. 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.
Key Figures
Open-market style sale: 98,144 shares
Weighted average sale price: $24.22 per share
Derivative exercises: 424,916 shares
+3 more
6 metrics
Open-market style sale
98,144 shares
Class A Common Stock sold in transactions at a weighted average price of $24.22 per share
Weighted average sale price
$24.22 per share
Weighted average price for 98,144 Class A shares sold, with trades from $23.96 to $24.51
Derivative exercises
424,916 shares
Total shares underlying Stock Appreciation Rights exercised or converted in the reported transactions
Shares withheld for taxes and exercise price
376,772 shares
Class A and Class B shares withheld by the company to satisfy exercise price and tax obligations
Stock Appreciation Right exercise price
$20.25 per share
Exercise price for a tranche of Stock Appreciation Rights covering 65,789 underlying Class A shares
Stock Appreciation Right exercise price
$21.35 per share
Exercise price for a tranche of Stock Appreciation Rights covering 50,607 underlying Class A shares
Key Terms
Stock Appreciation Rights, Rule 10b5-1 Plan, weighted average price, Class B Common Stock, +1 more
5 terms
Stock Appreciation Rights financial
"Represents shares of Class A Common Stock acquired upon exercise of vested Stock Appreciation Rights."
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
Rule 10b5-1 Plan financial
"Transaction pursuant to a previously established Rule 10b5-1 Plan."
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.
weighted average price financial
"Weighted average price. These shares were sold in multiple transactions at prices ranging"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A"
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.
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Harmit J. Singh report for LEVI?
Harmit J. Singh reported exercising fully vested Stock Appreciation Rights covering 424,916 shares, converting Class B into Class A Common Stock, having shares withheld for taxes, and selling 98,144 shares of Class A Common Stock in Rule 10b5-1 plan transactions at a weighted average price of $24.22 per share.
Were the Levi Strauss (LEVI) stock appreciation rights fully vested before exercise?
Yes. Footnotes state that 100% of the reported Stock Appreciation Rights were fully vested. This means Singh’s exercises on July 23, 2026 involved only vested awards, which then yielded Class A Common Stock subject to separate tax and exercise-price share withholdings documented in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
