Levi Strauss & Co (NYSE: LEVI) director receives 145 DERs grant

Rhea-AI Filing Summary

Garten Yael reported acquisition or exercise transactions in this Form 4 filing.

Levi Strauss & Co director Yael Garten received an equity award of 145 dividend equivalent rights (DERs) tied to Class A Common Stock on May 6, 2026. The award carried a price of $0.00 per right and increased her directly held position to 69,097 shares.

Each DER represents a contingent right to receive one share of Class A Common Stock upon settlement. According to the terms, 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, and all awards are subject to a deferred delivery feature.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Garten Yael

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	145	$0.00	--

Holdings After Transaction: Class A Common Stock — 69,097 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

DERs granted: 145 rights Grant price: $0.00 per right Shares held after grant: 69,097 shares

3 metrics

DERs granted 145 rights Dividend equivalent rights tied to Class A Common Stock granted on May 6, 2026

Grant price $0.00 per right Price per dividend equivalent right for the May 6, 2026 award

Shares held after grant 69,097 shares Total Class A Common Stock directly held by Yael Garten following the transaction

Key Terms

dividend equivalent rights (DERs), Class A Common Stock, Annual Stockholder Meeting, deferred delivery feature

4 terms

dividend equivalent rights (DERs) financial

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

Class A Common Stock financial

"each of which represents a contingent right to receive one share of the issuer's Class A Common Stock..."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Annual Stockholder Meeting financial

"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..."

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.

deferred delivery feature financial

"All awards are subject to a deferred delivery feature, these same terms apply to the related DERs."

Form 4 Insider Transactions: What Each Field Means →

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^*

Garten Yael

(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		145(1)	A	$0.00	69,097	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 DERs are fully vested. All awards are subject to a deferred delivery feature, these same terms apply to the related DERs.

	/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)

FAQ

What did Levi Strauss (LEVI) director Yael Garten report in this Form 4 filing?

Yael Garten reported receiving 145 dividend equivalent rights (DERs) tied to Levi Strauss Class A Common Stock. The rights were granted at a price of $0.00 and increased her directly held position to 69,097 shares following the May 6, 2026 grant.

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

The filing states that each dividend equivalent right (DER) represents a contingent right to receive one share of Levi Strauss Class A Common Stock upon settlement. The DERs vest and are delivered on the same schedule and terms as the underlying equity awards to which they relate.

How many Levi Strauss (LEVI) shares does Yael Garten hold after this transaction?

After the May 6, 2026 equity award, Yael Garten is reported as directly holding 69,097 shares of Levi Strauss Class A Common Stock. This total reflects her position following the grant of 145 dividend equivalent rights at a price of $0.00 per right.

How do Yael Garten’s Levi Strauss (LEVI) DER awards vest according to the filing?

The document explains that unvested awards and 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 grant date. Certain DERs are already fully vested under these terms.

Did Yael Garten buy Levi Strauss (LEVI) shares on the market in this Form 4?

No open-market purchase is reported. The Form 4 describes a grant or award acquisition of 145 dividend equivalent rights at a price of $0.00 per right, rather than a market transaction, with the award increasing her directly held Levi Strauss share position.

What does the deferred delivery feature mean for Levi Strauss (LEVI) DERs?

The filing notes that all awards, including the related dividend equivalent rights, are subject to a deferred delivery feature. This means the underlying Levi Strauss Class A Common Stock is delivered at a later time after vesting, under the award’s specified terms and schedule.