Patrick Artemis (LEVI) Records 97 DERs, Ownership Rises to 14,076 Shares

Rhea-AI Filing Summary

Patrick Artemis, a director of Levi Strauss & Co., reported the acquisition of 97 dividend equivalent rights (DERs) tied to Class A Common Stock on 08/08/2025, increasing his direct beneficial ownership to 14,076 shares. The DERs are contingent rights to receive one share each upon settlement and vest consistent with the underlying awards; unvested awards and related DERs accelerate to 100% vesting on the earlier of the day before the next annual meeting or the first anniversary of grant. Some underlying awards are fully vested but subject to a deferred delivery feature, which also applies to the related DERs.

Positive

• Director Patrick Artemis increased direct beneficial ownership by 97 DERs, raising his direct holdings to 14,076 Class A shares
• DERs vest consistent with underlying awards, with clear settlement and acceleration terms disclosed

Negative

• None.

Insights

Financial Analyst

TL;DR: Small insider acquisition via award settlement; increases director's stake modestly.

The Form 4 shows a non-purchase acquisition of 97 DERs that convert into Class A shares, recorded as an acquisition at $0.00. This represents a modest increase in direct beneficial ownership to 14,076 shares. Because the instruments are dividend equivalent rights tied to prior awards and some are under deferred delivery, this is compensation-related rather than an open-market purchase and has limited immediate market-signaling value.

Corporate Governance Expert

TL;DR: Transaction reflects standard executive compensation settlement mechanics, not an independent buy signal.

The disclosure describes DERs that vest and settle consistent with underlying awards, with an acceleration clause tied to routine vesting milestones. The presence of fully vested awards under deferred delivery is noted, which affects timing of settlement but does not change beneficial ownership reporting. From a governance perspective, this is routine award settlement activity with no material governance concern disclosed.

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^*

Patrick Artemis

(Last) (First) (Middle)

1155 BATTERY ST

(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(1)		97	A	$0.00	14,076	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

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.

	/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 transaction did LEVI director Patrick Artemis report on Form 4?

The Form 4 reports the acquisition of 97 dividend equivalent rights (DERs) tied to Class A Common Stock on 08/08/2025.

How many LEVI shares does Patrick Artemis beneficially own after the transaction?

After the reported transaction, Patrick Artemis beneficially owns 14,076 Class A shares (direct ownership).

What are dividend equivalent rights (DERs) in this filing?

The filing states DERs are contingent rights to receive one share each upon settlement and vest consistent with the underlying awards.

Did Patrick Artemis purchase shares on the open market?

No. The reported acquisition is via DERs from compensation awards and is recorded at a price of $0.00, not an open-market purchase.

Are there special vesting or settlement terms for these DERs?

Yes. Unvested awards and related DERs vest 100% on the earlier of the day before the next annual meeting or the first anniversary of grant; some awards are fully vested but subject to deferred delivery.