Levi Strauss (LEVI) director awarded Class A and B stock DERs

Rhea-AI Filing Summary

Beraud Jill reported acquisition or exercise transactions in this Form 4 filing.

LEVI director Jill Beraud received stock-based awards in the form of dividend equivalent rights (DERs). She was granted 50 DERs tied to Class A Common Stock and 86 DERs tied to Class B Common Stock, each representing a contingent right to receive one share upon settlement.

The Class A DERs vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date. The Class B DERs are fully vested, and the underlying shares are subject to a deferral delivery feature. After these grants, she directly holds 181,207 shares of Class A Common Stock and 14,371 shares of Class B Common Stock, with each Class B share convertible into one Class A share and having no expiration date.

Insider Trade Summary

Net Buyer: 50 shares

Net Buy 2 txns

Insider Beraud Jill

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	86	$0.00	$0.00
Grant/Award	Class A Common Stock	50	$0.00	$0.00

Holdings After Transaction: Class B Common Stock — 14,371 shares (Direct); Class A Common Stock — 181,207 shares (Direct)

Footnotes (3)

1. F1. 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. F2. 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. F3. 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.

Key Figures

Class A DERs granted: 50 DERs Class B DERs granted: 86 DERs Class A shares held after: 181,207 shares +1 more

4 metrics

Class A DERs granted 50 DERs Grant of dividend equivalent rights on Class A Common Stock

Class B DERs granted 86 DERs Grant of dividend equivalent rights on Class B Common Stock

Class A shares held after 181,207 shares Direct holdings of Class A Common Stock following the awards

Class B shares held after 14,371 shares Direct holdings of Class B Common Stock following the awards

Key Terms

dividend equivalent rights (DERs), Class B Common Stock, deferral delivery feature, Annual Stockholder Meeting

4 terms

dividend equivalent rights (DERs) financial

"Represents dividend equivalent rights (DERs), each of which represents a contingent right"

Class B Common Stock financial

"Each share of Class B Common Stock is convertible into one share of Class A"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

deferral delivery feature financial

"The underlying shares of Class B Common Stock issuable pursuant to the DERs are subject to a deferral delivery feature"

Annual Stockholder Meeting financial

"vest as to 100% of the shares on the earlier of the day before the next Annual Stockholder Meeting"

An annual stockholder meeting is a yearly gathering where a company's owners (shareholders) receive updates on performance, vote on key issues like board members, executive pay and major corporate plans, and ask questions of management. Think of it as a company town hall where choices about oversight and direction are decided; outcomes can affect management accountability, corporate strategy and ultimately the value and risks of investors’ shares.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/08/2026 - 06:14 PM Learn about SEC filing dates

FAQ

What did LEVI director Jill Beraud receive in this Form 4 filing?

Jill Beraud received stock-based compensation awards in the form of dividend equivalent rights (DERs). She was granted 50 DERs linked to Class A Common Stock and 86 DERs linked to Class B Common Stock, each convertible into one share of the respective class upon settlement.

What are dividend equivalent rights (DERs) in the context of LEVI stock?

Dividend equivalent rights (DERs) are awards that track dividends on underlying shares and convert into stock at settlement. In this case, each DER represents a contingent right to receive one share of Levi Strauss & Co. Class A or Class B Common Stock, subject to vesting and delivery terms.

How many Levi Strauss & Co shares does Jill Beraud hold after these grants?

After these grants, Jill Beraud directly holds 181,207 shares of Levi Strauss & Co Class A Common Stock and 14,371 shares of Class B Common Stock. These figures reflect her updated direct ownership positions reported as of the transaction date in the Form 4.

What are the vesting terms for Jill Beraud’s new Levi Strauss DERs?

The Class A DERs vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date. The Class B DERs are already fully vested, with their underlying shares subject to a deferral delivery feature rather than immediate issuance.

Can Levi Strauss Class B Common Stock be converted into Class A shares?

Each share of Levi Strauss Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder. According to the disclosure, Class B shares have no expiration date, providing ongoing flexibility for conversion to Class A shares.

Does this LEVI Form 4 reflect open-market buying or selling by Jill Beraud?

No, this Form 4 reflects grant or award acquisitions, not open-market trades. The transactions are coded as awards of dividend equivalent rights for both Class A and Class B Common Stock, representing compensation rather than discretionary market purchases or sales.

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^*

Beraud Jill

(Last) (First) (Middle)

C/O LEVI STRAUSS & CO.

1155 BATTERY STREET

(Street)

SAN FRANCISCO CALIFORNIA 94111

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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

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

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

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	05/06/2026		A		50(1)	A	$0.00	181,207	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)	05/06/2026		A		86(3)		(2)	(2)	Class A Common Stock	86	$0.00	14,371	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	05/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)