Robert D. Haas Trust Files Intent to Sell $27.7M in Levi Strauss Shares
LEVI sits 30% above its 52-week low of $16.5 on light trading volume (0.2× avg).
Summary
A trust linked to 10% stockholder Robert D. Haas has filed intent to sell $27.7 million worth of Levi Strauss & Co. shares, marking a substantial proposed insider disposition.
Key Events · Ownership and Investor Activity · LEVI
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Intent to Sell Shares
Robert D. Haas, a 10% stockholder, through a trust, filed a Form 144 indicating intent to sell 1,200,000 shares of Class A Common Stock.
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Significant Proposed Value
The proposed sale has an approximate market value of $27,700,000.00, representing a notable insider disposition.
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Insider Selling Pattern
This filing follows a pattern of Form 144 filings and net insider distribution over the past 90 days, with this proposed sale being significantly larger than recent actual sales.
Analysis · LEVI · Manufacturing
A trust associated with Robert D. Haas, a 10% stockholder, has filed a Form 144 indicating an intent to sell 1,200,000 shares of Levi Strauss & Co. stock, valued at approximately $27.7 million. This is a significant proposed sale from a major insider, representing a substantial increase in the volume of insider selling compared to the net $6.2 million in open-market sales reported over the last 90 days. While it's an intent to sell rather than a completed transaction, the magnitude suggests a notable reduction in a significant insider's stake.
At the time of this filing, LEVI was trading at $21.47 on NYSE in the Manufacturing sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $16.50 to $24.82. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.