Levi Strauss director granted stock DERs awards

LEVI director Christopher J. McCormick reported awards linked to dividend equivalent rights (DERs) on the company’s common stock.

Rhea-AI Filing Summary

LEVI director Christopher J. McCormick reported awards linked to dividend equivalent rights (DERs) on the company’s common stock. On February 25, 2026, he acquired 37 shares of Class B Common Stock and 195 shares of Class A Common Stock at $0.00 per share through grant/award transactions, not open‑market purchases.

The DERs each represent a contingent right to receive one share of the relevant class of common stock upon settlement and generally vest in line with the underlying awards. Some related awards and DERs are already fully vested but subject to deferred delivery. Each share of Class B Common Stock is convertible into one share of Class A Common Stock and has no expiration date.

Insider Trade Summary

Grant/Award: 232 shares

Grant/Award 2 txns

Insider McCormick Christopher J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	37	$0.00	$0.00
Grant/Award	Class A Common Stock	195	$0.00	$0.00

Holdings After Transaction: Class B Common Stock — 57,543 contracts (Direct); Class A Common Stock — 70,519 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 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. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did LEVI director Christopher J. McCormick report?

Christopher J. McCormick reported stock awards tied to dividend equivalent rights. On February 25, 2026, he acquired 37 shares of Class B and 195 shares of Class A Common Stock at $0.00 per share through grant or award transactions, not open-market trades.

How many LEVI shares did Christopher J. McCormick hold after the reported transactions?

After these awards, Christopher J. McCormick reported owning 57,543 shares of Class B Common Stock and 70,519 shares of Class A Common Stock directly. These holdings reflect grant or award activity, including dividend equivalent rights, rather than cash purchases or market sales.

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

The filing describes DERs as rights that each represent a contingent right to receive one share of Levi Strauss common stock upon settlement. They generally vest and are delivered on the same schedule as the underlying equity awards, with some fully vested but subject to deferred delivery.

How do the vesting terms work for LEVI’s DER-related awards reported by McCormick?

Unvested awards and related DERs vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date. Certain underlying awards and associated DERs are already fully vested but subject to a deferred delivery feature, delaying share issuance.

What is special about LEVI Class B Common Stock in this Form 4?

Each share of LEVI Class B Common Stock is convertible into one share of Class A Common Stock at the holder’s option. The filing notes that Class B shares have no expiration date, giving the holder flexibility on if and when to convert into Class A shares.

Were McCormick’s LEVI transactions classified as purchases or awards?

The transactions are classified as grant or award acquisitions with code “A,” not market purchases. Both Class A and Class B entries reflect awards tied to dividend equivalent rights at $0.00 per share, indicating compensation-related equity rather than cash-funded buying activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/27/2026 - 05:07 PM Learn about SEC filing dates

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^*

McCormick Christopher J

(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		195(1)	A	$0.00	70,519	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		37(3)		(2)	(2)	Class A Common Stock	37	$0.00	57,543	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	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.
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