Levi Strauss Insider Jennifer Haas Holds 21M Shares of Class A Stock
Ticker: LEVI · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 94845
Complexity: simple
Sentiment: bullish
Topics: insider-holdings, ownership-change, SC-13G/A
TL;DR
**Insider Jennifer Haas still holds over 21 million Levi's Class A shares, showing strong conviction.**
AI Summary
Jennifer C. Haas, a significant insider at Levi Strauss & Co., filed an SC 13G/A on February 1, 2024, indicating she beneficially owns 21,014,352 shares of Class A Common Stock as of December 31, 2023. This represents a substantial holding with sole voting and dispositive power, signaling her continued strong interest and influence in the company. This matters to investors because large insider holdings can indicate confidence in the company's future, but also means a significant portion of voting power is concentrated.
Why It Matters
This filing confirms a major insider's continued significant ownership, which can be a bullish signal for long-term investors, but also highlights concentrated control.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant insider holding, which generally reduces risk by aligning management's interests with shareholders.
Analyst Insight
Investors should view this as a positive sign of continued insider confidence, but also be aware of the concentration of voting power. It might warrant further research into the company's long-term strategy and how it aligns with major shareholders like Jennifer C. Haas.
Key Numbers
- 21,014,352 — Shares Beneficially Owned (Represents Jennifer C. Haas's sole voting and dispositive power over Levi Strauss & Co. Class A Common Stock as of December 31, 2023.)
Key Players & Entities
- Jennifer C. Haas (person) — Reporting Person, beneficial owner of Levi Strauss & Co. Class A Common Stock
- Levi Strauss & Co. (company) — Issuer of the Class A Common Stock
- 21,014,352 (dollar_amount) — Number of shares of Class A Common Stock beneficially owned by Jennifer C. Haas
Forward-Looking Statements
- Jennifer C. Haas will maintain a significant ownership stake in Levi Strauss & Co. for the foreseeable future. (Jennifer C. Haas) — high confidence, target: 2025-12-31
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is Jennifer C. Haas, as stated in Item 1 of the Schedule 13G.
What is the name of the issuer whose securities are being reported?
The issuer is Levi Strauss & Co., as identified in the 'Name of Issuer' section of the Schedule 13G.
What type of securities are covered by this filing?
The filing covers Class A Common Stock, $0.001 par value per share, of Levi Strauss & Co., as specified under 'Title of Class of Securities'.
As of what date did the event requiring this filing occur?
The date of the event which requires the filing of this statement was December 31, 2023, as indicated on the cover page of the Schedule 13G.
How many shares of Class A Common Stock does Jennifer C. Haas beneficially own with sole voting power?
Jennifer C. Haas beneficially owns 21,014,352 shares of Class A Common Stock with sole voting power, as reported in Item 5 of the Schedule 13G.
Filing Stats: 1,519 words · 6 min read · ~5 pages · Grade level 8.6 · Accepted 2024-02-01 10:58:27
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) — 34KB
- 0000935836-24-000080.txt ( ) — 35KB
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 [ ].
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. 4 CUSIP No. 52736R102 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 31, 2024 /s/ Joan L. Grant Joan L. Grant as attorney-in-fact for Jennifer C. 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, 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, each su