Levi Strauss (LEVI) Form 4: Director Acquires DERs, Beneficial Ownership Disclosed

Rhea-AI Filing Summary

Levi Strauss & Co. Form 4: Director Robert Eckert reported acquisitions tied to dividend equivalent rights (DERs) on 08/08/2025. The filing shows an acquisition of 346 DERs relating to Class A Common Stock at $0.00, after which Mr. Eckert is reported to beneficially own 93,815 shares of Class A Common Stock. The filing also reports acquisition of 309 DERs relating to Class B Common Stock (convertible one-for-one into Class A) at $0.00, with 219,098 derivative securities reported as beneficially owned following the transaction.

The explainers state that DERs are contingent rights to receive one share upon settlement and vest consistent with the underlying awards; some underlying awards are fully vested but subject to deferred delivery. The form was signed by an attorney-in-fact on 08/12/2025.

Insights

Corporate Governance Expert

TL;DR: Routine equity-based compensation vesting increases director holdings; aligns interests but is not a substantive corporate governance change.

The filing documents issuance/settlement of dividend equivalent rights (DERs) to a director rather than an open-market purchase. These DERs vest consistent with underlying awards and some are subject to deferred delivery, which is common in executive/director compensation to align long-term interests. The reported post-transaction holdings—93,815 Class A shares and 219,098 derivative securities—reflect aggregate beneficial ownership reporting, not an external cash transaction. Governance impact is limited and routine.

Securities/Insider Trading Analyst

TL;DR: Transaction codes show acquisitions at $0 via DER settlement; this is a compensation-related issuance, not a market buy/sell event.

The Form 4 records Transaction Code A acquisitions on 08/08/2025 for DERs tied to both Class A and Class B stock, each with a stated price of $0.00. The Class B DERs are noted as convertible one-for-one into Class A shares, which explains the mix of reported holdings. For trading surveillance, these are issuer-granted rights and not market trades, so immediate market-impact or signaling is typically limited. The filing was executed by an attorney-in-fact on 08/12/2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ECKERT ROBERT

(Last) (First) (Middle)

C/O LEVI STRAUSS & CO.

1155 BATTERY STREET

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LEVI STRAUSS & CO [ LEVI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/08/2025		A		346(1)	A	$0.00	93,815	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	$0.00(2)	08/08/2025		A		309(3)		(2)	(2)	Class A Common Stock	309	$0.00	219,098	D

Explanation of Responses:

1. Represents dividend equivalent rights (DERs), each of which represents a contingent right to receive one share of the issuer's Class A Common Stock upon settlement. The DERs vest and are delivered consistent with the underlying awards to which they relate. Unvested awards and the related DERs vest as to 100% of the shares on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant of the underlying award. Certain underlying awards are fully vested and are subject to a deferred delivery feature, these same terms apply to the related DERs.

2. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.

3. Represents DERs, each of which represents a contingent right to receive one share of the issuer's Class B Common Stock upon settlement. The DERs are fully vested. The underlying shares of Class B Common Stock issuable pursuant to the DERs are subject to a deferral delivery feature.

	/s/ Priscilla Duncan-Tannous, Attorney-in-Fact	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Robert Eckert report on the Form 4 for LEVI?

Mr. Eckert reported acquisitions of 346 DERs related to Class A Common Stock and 309 DERs related to Class B Common Stock, both dated 08/08/2025.

How many shares does Robert Eckert beneficially own after the reported transactions?

The filing shows 93,815 shares of Class A Common Stock and 219,098 derivative securities reported as beneficially owned following the transactions.

What is a DER as described in the filing?

The filing states a DER is a dividend equivalent right that represents a contingent right to receive one share of the issuer's stock upon settlement and vests consistent with the underlying awards.

Were these transactions market purchases or issuances?

The transactions are issuances tied to equity awards (DERs) with a stated price of $0.00, indicating compensation-related settlement rather than open-market trades.

Who signed the Form 4 and when?

The form was signed by Priscilla Duncan-Tannous, Attorney-in-Fact on 08/12/2025.