Yael Garten - 23 Feb 2023 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role: Director
Signature: /s/ Priscilla Duncan-Tannous, Attorney-in-Fact
Issuer symbol: LEVI
Transactions as of: 23 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 27 Feb 2023, 20:58:40 UTC
Previous filing: 23 Nov 2022
Next filing: 21 Apr 2023
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	Award	$0	+104	+0.35%	$0.000000	29,764	23 Feb 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units (RSUs) for Class A common stock constituting dividend equivalent rights (DERs) issued pursuant to existing Class A common stock RSUs held by the holder (the "Underlying Class A RSUs"). DERs are issued with regard to the Underlying Class A RSUs, which bear dividend equivalent rights, when and as dividends were paid on the Issuer's Class A common stock. Each DER represents a contingent right to receive one share of Class A common stock. With respect to 51 of the DERs, the DERs vest in a series of three equal installments on the dates that are 13, 24 and 36 months following the date of grant of the corresponding Underlying Class A RSUs. With respect to 53 of the DERs, the DERs vest as to 100% of the shares on the earlier of the date before the next annual meeting of shareholders or the first anniversary of the date of grant of the corresponding Underlying Class A RSUs.
F2	Certain of the Underlying Class A RSUs and the DERs issued pursuant thereto are subject to a deferral delivery feature.

Content

Represents restricted stock units (RSUs) for Class A common stock constituting dividend equivalent rights (DERs) issued pursuant to existing Class A common stock RSUs held by the holder (the "Underlying Class A RSUs"). DERs are issued with regard to the Underlying Class A RSUs, which bear dividend equivalent rights, when and as dividends were paid on the Issuer's Class A common stock. Each DER represents a contingent right to receive one share of Class A common stock. With respect to 51 of the DERs, the DERs vest in a series of three equal installments on the dates that are 13, 24 and 36 months following the date of grant of the corresponding Underlying Class A RSUs. With respect to 53 of the DERs, the DERs vest as to 100% of the shares on the earlier of the date before the next annual meeting of shareholders or the first anniversary of the date of grant of the corresponding Underlying Class A RSUs.

Certain of the Underlying Class A RSUs and the DERs issued pursuant thereto are subject to a deferral delivery feature.