Form 4: Levi Strauss & Co. Director David A. Friedman Reports Changes in Beneficial Ownership

Director David A. Friedman reports acquisition of dividend equivalent rights and adjustments to holdings of Levi Strauss & Co. Class A and Class B Common Stock.

Summary

• On August 20, 2024, David A. Friedman, a director of Levi Strauss & Co., reported changes in his beneficial ownership of the company's stock.
• Friedman acquired 52 shares of Class A Common Stock through dividend equivalent rights (DER) at a price of $0.00.
• He also acquired 64 DERs representing a contingent right to receive one share of Class B Common Stock upon settlement.
• Following the reported transactions, Friedman directly owns 42,949 shares of Class A Common Stock and indirectly owns 158,344 shares through the David A. Friedman 1993 Revocable Trust.
• He also directly owns 9,516 DERs representing a contingent right to receive one share of Class A Common Stock and indirectly owns 1,256,540 DERs representing a contingent right to receive one share of Class B Common Stock through the David A. Friedman 1993 Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Positives

• The acquisition of dividend equivalent rights suggests a continued investment and alignment with the company's performance.

Future Outlook

The DERs for Class A Common Stock will vest as to 100% of the shares on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of key individuals within the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key company director.

Key Dates