Margaret E. Haas - 08 Feb 2024 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role
10%+ Owner
Signature
/s/ Joan L. Grant as Attorney-in-fact for Margaret E. Haas
Issuer symbol
LEVI
Transactions as of
08 Feb 2024
Net transactions value
-$596,171
Form type
4
Filing time
12 Feb 2024, 20:01:12 UTC
Previous filing
13 Nov 2023
Next filing
20 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEVI Class A Common Stock Conversion of derivative security $0 +665 $0.000000 665 08 Feb 2024 See Footnote F1, F2, F3
transaction LEVI Class A Common Stock Sale $11,970 -665 -100% $18.00 0 08 Feb 2024 See Footnote F3, F4
transaction LEVI Class A Common Stock Conversion of derivative security $0 +32,398 $0.000000 32,398 12 Feb 2024 See Footnote F1, F2, F3
transaction LEVI Class A Common Stock Sale $584,201 -32,398 -100% $18.03 0 12 Feb 2024 See Footnote F3, F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LEVI Class B Common Stock Conversion of derivative security $0 -665 -0.01% $0.000000 7,186,367 08 Feb 2024 Class A Common Stock 665 See Footnote F1, F2, F3
transaction LEVI Class B Common Stock Conversion of derivative security $0 -32,398 -0.45% $0.000000 7,186,367 12 Feb 2024 Class A Common Stock 32,398 See Footnote F1, F2, F3
holding LEVI Class B Common Stock 14,227,314 08 Feb 2024 Class A Common Stock Direct F2
holding LEVI Class B Common Stock 20,562,596 08 Feb 2024 Class A Common Stock See Footnote F2, F6
holding LEVI Class B Common Stock 844,680 08 Feb 2024 Class A Common Stock See Footnote F2, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
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 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.
F4 Shares disposed of pursuant to a previously established Rule 10b5-1 plan.
F5 The reported price is a weighed average price. These shares were sold in multiple transactions at prices ranging from $18 to $18.10 per share. Ms. Haas undertakes to provide to the Issuer, any securty 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 seperate price within this range.
F6 The shares are held by trusts and a limited liability company, of which Ms. Haas is trustee, respectively, for the benefit of others. Ms. Haas disclaims beneficial ownership of these shares.
F7 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.