Director at Levi Strauss (NYSE: LEVI) awarded 93 stock DERs

Rhea-AI Filing Summary

LEVI STRAUSS & CO director David S. Marberger received an equity award linked to company stock. He acquired 93 dividend equivalent rights (DERs) tied to Class A Common Stock at no cash cost, increasing his directly held stock-based units to 22,844.

The DERs represent the right to receive one Class A share for each unit upon settlement. They vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the related award grant, with some fully vested awards subject to deferred delivery.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

MARBERGER DAVID S

(Last) (First) (Middle)

C/O TASTY BAKING CO

2801 HUNTING PARK AVENUE

(Street)

PHILADELPHIA PA 19129

(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		93(1)	A	$0.00	22,844	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	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).
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 LEVI director David S. Marberger acquire in this Form 4 filing?

David S. Marberger received 93 dividend equivalent rights (DERs) linked to Levi Strauss Class A Common Stock. Each DER represents a contingent right to receive one share upon settlement, functioning like stock-based compensation for the director.

How many Levi Strauss (LEVI) shares or units does David S. Marberger now hold?

After this grant, David S. Marberger holds 22,844 stock-based units related to Levi Strauss Class A Common Stock. This figure includes the newly awarded 93 dividend equivalent rights reported in the transaction summary of the Form 4 filing.

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

Dividend equivalent rights are stock-based units that mirror the value of Levi Strauss Class A shares. Each DER can settle into one share and follows the same vesting and delivery schedule as the underlying director equity awards described in the filing.

When do the Levi Strauss (LEVI) director DER awards vest?

The DERs vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the related grant. Some underlying awards are already fully vested but use a deferred delivery schedule, which also applies to their associated DERs.

Did David S. Marberger pay cash for these Levi Strauss (LEVI) DERs?

No cash was paid for these DERs; the transaction price per share is reported as 0.0000. The award reflects stock-based compensation granted to the director, rather than an open-market purchase of Levi Strauss Class A Common Stock.

Are the DERs in this Levi Strauss (LEVI) filing immediately delivered as shares?

The DERs are not necessarily delivered immediately as shares. They are settled according to the vesting and delivery schedule of the related director awards, including possible deferred delivery for fully vested underlying awards referenced in the footnote.