Miriam L. Haas Maintains 42M+ Share Stake in Levi Strauss
Ticker: LEVI · Form: SC 13G/A · Filed: Jan 9, 2024 · CIK: 94845
Complexity: simple
Sentiment: bullish
Topics: insider-ownership, amendment, corporate-governance
TL;DR
**Insider Miriam L. Haas still holds over 42 million shares of Levi Strauss, showing strong conviction.**
AI Summary
Miriam L. Haas, a significant insider at Levi Strauss & Co. (LEVI), filed an amended Schedule 13G/A on January 9, 2024, reporting her beneficial ownership of 42,062,006 shares of Class A Common Stock as of December 31, 2023. This represents a substantial portion of the company's voting power, indicating her continued strong influence over the company's direction. For investors, this filing confirms that a key insider maintains a large, stable stake, which can be seen as a vote of confidence in Levi's future performance.
Why It Matters
This filing shows a major insider, Miriam L. Haas, continues to hold a significant ownership stake in Levi Strauss, signaling her ongoing commitment and influence within the company.
Risk Assessment
Risk Level: low — The filing indicates stable insider ownership, which generally reduces risk by aligning management interests with shareholders.
Analyst Insight
Investors should view Miriam L. Haas's continued substantial ownership as a positive sign of insider confidence in Levi Strauss & Co.'s long-term prospects, potentially indicating stability in leadership and strategic direction.
Key Numbers
- 42,062,006 — Shares Beneficially Owned (Represents Miriam L. Haas's sole voting and dispositive power over Levi Strauss Class A Common Stock.)
- $0.001 — Par Value per Share (The nominal value of Levi Strauss & Co. Class A Common Stock.)
Key Players & Entities
- Miriam L. Haas (person) — Reporting Person, beneficial owner of Levi Strauss & Co. shares
- LEVI STRAUSS & CO. (company) — Issuer of the Class A Common Stock
- 42,062,006 (dollar_amount) — Number of shares beneficially owned by Miriam L. Haas
- December 31, 2023 (date) — Date of event requiring the filing
Forward-Looking Statements
- Miriam L. Haas will maintain a significant ownership stake in Levi Strauss & Co. for the foreseeable future. (Miriam L. Haas) — high confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is Miriam L. Haas, as stated in Item 1 of the filing.
What is the total number of shares beneficially owned by Miriam L. Haas as of the event date?
Miriam L. Haas beneficially owned 42,062,006 shares of Levi Strauss & Co. Class A Common Stock, as reported in Row 9 of the cover page and Item 4(b) of the filing, as of December 31, 2023.
What type of stock does this filing pertain to?
This filing pertains to Class A Common Stock, par value $0.001 per share, of Levi Strauss & Co., as specified in the 'Title of Class of Securities' section.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as indicated on the cover page of the Schedule 13G/A.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(d), as indicated by the checked box on the cover page.
Filing Stats: 1,035 words · 4 min read · ~3 pages · Grade level 10 · Accepted 2024-01-09 17:15:28
Key Financial Figures
- $0.001 — suer) Class A Common Stock, par value $0.001 per share (Title of Class of Securiti
Filing Documents
- d521000dsc13ga.htm (SC 13G/A) — 41KB
- d521000dex99a.htm (EX-99.A) — 8KB
- 0001193125-24-005294.txt ( ) — 50KB
(a)
Item 1(a). Name of Issuer: Levi Strauss & Co. (the Issuer )
(b)
Item 1(b). Address of Issuers principal executive offices: 1155 Battery Street San Francisco, CA 94111 USA
(a)
Item 2(a). Name of Person Filing: Miriam L. Haas (the Reporting Person ):
(b)
Item 2(b). Address of the principal business office of the Reporting Person is: c/o Argonaut Securities Company 1155 Battery Street San Francisco, CA 94111 USA
(c)
Item 2(c). Citizenship: United States of America
(d)
Item 2(d). Title of Class of Securities: Class A Common Stock, par value $0.001 per share (the Shares )
(e)
Item 2(e). CUSIP Number: 52736R102 Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: The Reporting Person may be deemed the beneficial owner of 42,062,006 Shares. (b) Percent of Class: 29.2% The 42,062,006 shares of Class A Common Stock of the Issuer reported as being beneficially owned by the Reporting Person represents shares of the 3/5 SC 13G/A Page 4 of 5 pages Issuers Class B Common Stock held by the Reporting Person, each share of which is convertible into a share of Class A Common Stock at the election of the holder at an exchange rate of 1:1. This amount also includes shares that the Reporting Person beneficially owns directly and shares that the Reporting Person may be deemed to beneficially own indirectly through trusts of which she is trustee. The percentage of class is calculated based on the amount of 102,104,670 shares outstanding of the Issuers Class A Common Stock, as reported by the Issuers transfer agent as of the close of business on November 26, 2023. As a result of the Reporting Person resigning as trustee from a trust for the benefit of others on October 17, 2023, the Reporting Person no longer has voting or dispositive power over the 1,697,256 shares held by such trusts and the Reporting Person disclaims beneficial ownership over such shares. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 42,062,006 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 42,062,006 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. If this statement is being filed t