Peter E. Haas Jr. Maintains 7.5M Shares in Levi Strauss & Co.
Ticker: LEVI · Form: SC 13G/A · Filed: Jan 10, 2024 · CIK: 94845
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, beneficial-ownership
TL;DR
**Insider Peter E. Haas, Jr. still holds over 7.5 million shares of Levi Strauss, signaling continued confidence.**
AI Summary
Peter E. Haas, Jr. filed an amended Schedule 13G/A on January 10, 2024, indicating his beneficial ownership of 7,533,097 shares of Levi Strauss & Co. Class A Common Stock as of November 6, 2023. This filing, Amendment No. 4, updates his previous disclosures and shows he maintains sole voting and dispositive power over these shares. This matters to investors because it confirms a significant insider's continued substantial stake in the company, potentially signaling confidence in its future.
Why It Matters
This filing confirms a key insider, Peter E. Haas, Jr., continues to hold a substantial stake in Levi Strauss & Co., which can be interpreted as a sign of his ongoing confidence in the company's performance and future prospects.
Risk Assessment
Risk Level: low — This filing simply updates an existing beneficial ownership report and does not indicate any significant change in ownership or company risk.
Analyst Insight
Investors should note the continued substantial insider ownership by Peter E. Haas, Jr. as a potential indicator of long-term stability and confidence in Levi Strauss & Co., but this filing alone doesn't suggest immediate action.
Key Numbers
- 7,533,097 — Shares Beneficially Owned (Represents the total number of Class A Common Stock shares of Levi Strauss & Co. held by Peter E. Haas, Jr. as of November 6, 2023.)
- November 6, 2023 — Date of Event (The specific date that triggered the requirement for this amendment filing, indicating the snapshot of ownership.)
- 005-31057 — SEC File Number (Unique identifier for Levi Strauss & Co.'s filings with the SEC.)
Key Players & Entities
- Peter E. Haas, Jr. (person) — Reporting Person, beneficial owner of Levi Strauss & Co. shares
- Levi Strauss & Co. (company) — Issuer of the Class A Common Stock
- 7,533,097 (dollar_amount) — Number of shares beneficially owned by Peter E. Haas, Jr.
Forward-Looking Statements
- Peter E. Haas, Jr. will maintain a significant ownership stake in Levi Strauss & Co. for the foreseeable future. (Peter E. Haas, Jr.) — high confidence, target: 2025-01-10
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is Peter E. Haas, Jr., as stated in Item 1 of the filing.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Levi Strauss & Co., as indicated on the cover page and in the subject company data of the filing.
How many shares of Class A Common Stock does Peter E. Haas, Jr. beneficially own?
Peter E. Haas, Jr. beneficially owns 7,533,097 shares of Class A Common Stock, as detailed in Item 5 and Item 7 of the filing.
What is the CUSIP number for the Class A Common Stock of Levi Strauss & Co.?
The CUSIP number for the Class A Common Stock of Levi Strauss & Co. is 52736R102, as listed on the cover page of the filing.
What was the date of the event that required the filing of this statement?
The date of the event which required the filing of this statement was November 6, 2023, as specified on the cover page of the filing.
Filing Stats: 1,609 words · 6 min read · ~5 pages · Grade level 8.4 · Accepted 2024-01-10 15:15:39
Key Financial Figures
- $0.001 — (Name of Issuer) Class A Common Stock, $0.001 par value per share (Title of Class o
Filing Documents
- levistrauss13gamd4.htm (SC 13G/A) — 37KB
- 0000935836-24-000023.txt ( ) — 38KB
Ownership
Item 4. Ownership. See Items 5-9 and 11 of the cover page for each Filer.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. 4 CUSIP No. 52736R102
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Others have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, some of the Stock covered by this Schedule 13G. No such interest relates to more than 5 percent of the outstanding Stock. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not applicable.
Material to Be Filed as Exhibits
Item 10. Material to Be Filed as Exhibits Exhibit ALimited Power of Attorney
Certification
Item 11. Certification. Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated:January 9, 2024 /s/ Joan L. Grant Joan L. Grant as attorney-in-fact for Peter E. Haas 5 CUSIP No. 52736R102 EXHIBIT A LIMITED POWER OF ATTORNEY The undersigned hereby makes, constitutes and appoints each of Parker B. Phillips, Minna B. Baughman, Patrick R. McCabe, Sid Hartman, Joan L. Grant and Shartsis Friese LLP, each acting individually, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to: A.prepare, execute, acknowledge, deliver and file Forms ID, Schedules 13D and 13G, and Forms 3, 4 and 5 (including any amendments thereto and any related documents) with the United States Securities and Exchange Commission and any national securities exchanges relating to securities of Levi Strauss & Co. (“LS&Co.”), as considered necessary or advisable under Regulation S-T and Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations thereunder, as amended from time to time (the “Exchange Act”); and B.seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the securities of LS&Co. from any person, including brokers and transfer agents, and the undersigned hereby authorizes any such person to release any such information to any such attorney-in-fact and approves and ratifies any such release of information; and C.perform any and all other acts that in the discretion of such attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing. The undersigned acknowledges that: 1.this Limited Power of Attorney authorizes, but does not require, eac