MARBERGER DAVID S 4

What Happened

• David S. Marberger, a director of Levi Strauss & Co. (LEVI), was granted 68 dividend-equivalent rights (DERs) on May 6, 2026. The reported acquisition price is $0.00, reflecting an award rather than a market purchase or sale. DERs are contingent rights that will convert to one share of Class A common stock per DER upon settlement.

Key Details

• Transaction date: 2026-05-06; Filing date: 2026-05-08 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares/units acquired: 68 DERs; Price per unit reported: $0.00; Total reported value: $0.
• Shares owned after the transaction: Not specified in the filing.
• Footnote: These DERs represent contingent rights to receive one share upon settlement. Unvested awards and their related DERs vest 100% on the earlier of the day before the next annual meeting or the first anniversary of the grant. Some underlying awards were already fully vested but subject to deferred delivery; the same delivery terms apply to the related DERs.

Context

• DERs are a form of equity compensation tied to underlying awards and are not immediate open-market purchases—meaning they don’t necessarily signal a director buying stock on the open market. Settlement and delivery are subject to vesting and any deferred delivery provisions, so actual share receipt may occur later. The grant size (68 DERs) is relatively small and should be viewed as compensation-related rather than a direct market bet.