Geballe Daniel W 4

What Happened
Daniel W. Geballe, a director of Levi Strauss & Co. (LEVI), was granted 121 shares via an award (transaction code A) on May 6, 2026. The reported acquisition price is $0.00 — these are dividend-equivalent rights (DERs), which are contingent rights to receive shares upon settlement rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (appears timely; Form 4s are due within two business days).
• Award: 121 DERs (reported as 121 shares) at $0.00 per share.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: The DERs represent contingent rights to receive one Class A share each upon settlement. DERs vest and will be delivered consistent with the underlying awards — unvested awards and related DERs vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant. Some underlying awards are already vested but subject to deferred delivery; the same terms apply to the related DERs.
• Transaction type: Award/compensation (not a purchase or sale of stock).

Context
This is a compensation grant (DERs) rather than a market buy or sale, so it reflects company compensation practices rather than an immediate trading signal. DERs convert to actual shares only upon settlement/vesting per the terms noted above.