LEVI STRAUSS & CO — Director's Dealing 2023

Feb 27, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEVI STRAUSS & CO (LEVI)
CIK: 0000094845
Period of Report: 2023-02-23

Reporting Person: Friedman David A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-23	Class A Common Stock	A	60	$0.00	Acquired	40204	Direct
2023-02-23	Class A Common Stock	A	81	$0.00	Acquired	40285	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	41585	Indirect

Footnotes

F1: Represents restricted stock units (RSUs) for Class B common stock constituting dividend equivalent rights (DERs) issued pursuant to existing Class B common stock RSUs held by the holder (the "Underlying Class B RSUs"). DERs are issued with regard to the Underlying Class B RSUs, which bear dividend equivalent rights, when and as dividends were paid on the Issuer's Class B common stock. Each DER represents a contingent right to receive one share of Class B common stock, which is convertible into one share of Class A common stock at the option of the holder. The DERs have all vested. Certain of the Underlying Class B RSUs and the DERs issued pursuant thereto are subject to a deferral delivery feature.

F2: Represents RSUs for Class A common stock constituting 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 28 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.

F3: Certain of the Underlying Class A RSUs and the DERs issued pursuant thereto are subject to a deferral delivery feature.

F4: Ending balance of total shares held corrected to reflect an immaterial adjustment to the total number of shares held.

F5: The shares are held by the David A. Friedman 1993 Revocable Trust, of which the Reporting Person is trustee.