Levi Strauss (NYSE: LEVI) director receives new Class A and B DER awards

Rhea-AI Filing Summary

LEVI STRAUSS & CO director Jill Beraud received equity awards in both share classes. She acquired 89 shares of Class B Common Stock and 75 shares of Class A Common Stock on a grant or award basis at a price of $0 per share.

After these awards, she directly owns 14,285 shares of Class B Common Stock and 172,776 shares of Class A Common Stock. Footnotes explain these awards are dividend equivalent rights, which give a contingent right to receive one share upon settlement, with specified vesting, conversion, and deferral features.

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

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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^*

Beraud Jill

(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)
02/25/2026

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	02/25/2026		A		75(1)	A	$0.00	172,776	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)	02/25/2026		A		89(3)		(2)	(2)	Class A Common Stock	89	$0.00	14,285	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 shall 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.

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	02/27/2026
	** 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).
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FAQ

What did LEVI director Jill Beraud report in this Form 4 transaction?

Jill Beraud reported receiving equity awards rather than buying on the market. She was granted 89 shares of Class B Common Stock and 75 shares of Class A Common Stock at $0 per share as part of dividend equivalent right awards.

How many LEVI shares does Jill Beraud own after these awards?

Following these awards, Jill Beraud directly holds 14,285 shares of Class B Common Stock and 172,776 shares of Class A Common Stock. These positions reflect her updated direct ownership after the dividend equivalent right grants reported in the Form 4.

Were Jill Beraud’s LEVI share transactions open-market buys or sales?

They were not open-market trades. The Form 4 shows transaction code "A," meaning grant, award, or other acquisition. The shares were received at $0 per share as dividend equivalent right awards tied to existing equity, not purchases or sales in the market.

What are dividend equivalent rights (DERs) mentioned in the LEVI Form 4?

Dividend equivalent rights give a contingent right to receive one share upon settlement. For these LEVI awards, each DER represents one share of Class A or Class B Common Stock, with vesting or deferral conditions such as vesting before the next annual stockholder meeting or on the first anniversary of the grant.

Can LEVI Class B shares reported by Jill Beraud be converted to Class A?

Yes. A footnote states each share of Class B Common Stock is convertible into one share of Class A Common Stock at the holder’s option and has no expiration date, providing flexibility in how these Class B holdings can be converted in the future.

Do the LEVI DER awards to Jill Beraud vest immediately?

Vesting terms differ. One DER award vests 100% on the earlier of the day before the next annual stockholder meeting or the first anniversary of grant. Another set of Class B DERs is fully vested, but the underlying shares are subject to a deferral delivery feature as described.