Strain John 4

What Happened

• Director John Strain recorded the exercise/conversion of restricted stock units (reported with transaction code M) that resulted in the acquisition of 7,281 shares of Leslie's, Inc. Common Stock on March 12, 2026. The shares were issued at $0.00 per share (total reported cash paid: $0). The filing shows both the derivative conversion and the resulting share acquisition for the same 7,281-share event.

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-17 (filed five days after the transaction; appears late under the two-business-day reporting rule).
• Transaction code: M (exercise or conversion of a derivative instrument — here, RSUs).
• Shares acquired: 7,281; Price per share: $0.00; Total cash paid: $0.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each RSU converts to one share upon vesting; F2 — all shares are held by the Strain Family Revocable Trust.

Context

• This was a conversion/settlement of equity awards (RSUs), not an open-market purchase or sale. There is no indication the shares were immediately sold (no cashless sale reported); the shares appear to be held in a family trust. Such conversions are typically routine vesting/settlement events rather than directional insider buying or selling.