Seth M. Ellison - 21 Nov 2022 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role: EVP & Chief Commercial Officer
Signature: /s/ Priscilla Duncan-Tannous, Attorney-in-Fact
Issuer symbol: LEVI
Transactions as of: 21 Nov 2022
Net transactions value: -$92,604
Form type: 4
Filing time: 23 Nov 2022, 17:53:40 UTC
Previous filing: 21 Nov 2022
Next filing: 28 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEVI	Class A Common Stock	Conversion of derivative security	$0	+2,829	+3.1%	$0.000000	92,775	21 Nov 2022	Direct	F1, F2
transaction	LEVI	Class A Common Stock	Sale	$42,693	-2,735	-2.9%	$15.61	90,040	21 Nov 2022	Direct	F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LEVI	Stock Appreciation Rights	Options Exercise	$0	-3,754	-100%	$0.000000^*	0	21 Nov 2022	Class B Common Stock	3,754	$6.90	Direct	F1, F4, F5
transaction	LEVI	Class B Common Stock	Options Exercise	$25,903	+3,754		$6.90	3,754	21 Nov 2022	Class A Common Stock	3,754		Direct	F1, F5
transaction	LEVI	Class B Common Stock	Disposed to Issuer	$43,331	-2,767	-74%	$15.66	987	21 Nov 2022	Class A Common Stock	3,222		Direct	F1, F5, F6
transaction	LEVI	Stock Appreciation Rights	Options Exercise	$0	-6,415	-100%	$0.000000^*	0	21 Nov 2022	Class B Common Stock	6,415	$6.10	Direct	F1, F5, F7
transaction	LEVI	Class B Common Stock	Options Exercise	$39,132	+6,415	+650%	$6.10	7,402	21 Nov 2022	Class A Common Stock	6,415		Direct	F1, F5
transaction	LEVI	Class B Common Stock	Disposed to Issuer	$71,613	-4,573	-62%	$15.66	2,829	21 Nov 2022	Class A Common Stock	4,573		Direct	F1, F5, F6
transaction	LEVI	Class B Common Stock	Conversion of derivative security	$0	-2,829	-100%	$0.000000^*	0	21 Nov 2022	Class A Common Stock	2,829		Direct	F1, F2, F5

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

Explanation of Responses:

Id	Content
F1	Transaction pursuant to a previously established Rule 10b5-1 Plan.
F2	Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
F3	The price in Column 4 is a weighted average sale price. The prices actually received ranged from $15.58 to $15.631. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F4	100% of these stock appreciation rights are fully vested.
F5	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.
F6	Represents shares withheld by the company for taxes upon exercise of a stock appreciation right.
F7	The stock appreciation rights are performance stock appreciation rights that vested on January 30, 2019 based upon the achievement of certain financial targets and total stockholder return, each over a three-year period, as determined by the Issuer's board of directors, and are immediately exercisable.