Yael Garten - May 24, 2022 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role: Director
Signature: /s/ David Jedrzejek, Attorney-in-Fact
Stock symbol: LEVI
Transactions as of: May 24, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/25/2022, 06:38 PM
Previous filing: Apr 22, 2022
Next filing: Aug 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEVI	Class A Common Stock	Award	$0	+151	+0.52%	$0.00	29.4K	May 24, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Dividend equivalent rights (DER) which represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. With respect to 71 of the DERs, the DERs shall vest in a series of three (3) equal installments on the dates that are thirteen (13), twenty-four (24) and thirty-six (36) months following the date of grant. With respect to 33 of the DERs, the DERs shall vest as to 100% of the shares on the first anniversary of the date of grant. With respect to 47 of the DERs, 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.
F2	Settlement of DER in connection with restricted stock units (RSU). The rights accrued when and as dividends were paid on the Issuer's Class A Common Stock and became exercisable with respect to the RSU. Each DER is the economic equivalent of one share of the Issuer's Class A Common Stock.

Content

Dividend equivalent rights (DER) which represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. With respect to 71 of the DERs, the DERs shall vest in a series of three (3) equal installments on the dates that are thirteen (13), twenty-four (24) and thirty-six (36) months following the date of grant. With respect to 33 of the DERs, the DERs shall vest as to 100% of the shares on the first anniversary of the date of grant. With respect to 47 of the DERs, 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.

Settlement of DER in connection with restricted stock units (RSU). The rights accrued when and as dividends were paid on the Issuer's Class A Common Stock and became exercisable with respect to the RSU. Each DER is the economic equivalent of one share of the Issuer's Class A Common Stock.