Harmit J. Singh - 24 Jan 2022 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role: Executive VP and CFO
Signature: /s/ David Jedrzejek, Attorney-in-Fact
Issuer symbol: LEVI
Transactions as of: 24 Jan 2022
Net transactions value: -$755,394
Form type: 4
Filing time: 26 Jan 2022, 18:59:28 UTC
Previous filing: 11 Aug 2023
Next filing: 31 Jan 2022
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	+78,998	+36%	$0.000000	296,528	24 Jan 2022	Direct	F1
transaction	LEVI	Class A Common Stock	Tax liability	$755,394	-34,667	-12%	$21.79	261,861	24 Jan 2022	Direct	F2
transaction	LEVI	Class A Common Stock	Award	$0	+29,761	+11%	$0.000000	291,622	25 Jan 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LEVI	Stock Appreciation Rights	Award	$0	+73,616		$0.000000	73,616	25 Jan 2022	Class A Common Stock	73,616	$21.00	Direct	F4

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

Explanation of Responses:

Id	Content
F1	On January 30, 2019, the reporting person was granted performance-based restricted stock units (PSRUs). Each PRSU represents a contingent right to receive shares of the Issuer's Class B common stock upon settlement. Each share of Class B Common Stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date. The PRSUs vest at the end of a three-year period following the grant on the date that the Board of Directors certifies attainment, based on the Issuer's satisfaction of certain performance criteria. The performance criteria were met on January 24, 2022, resulting in the issuance of 78,998 vested PRSUs. The shares were converted to Class A Common Stock upon issuance.
F2	Shares withheld to cover tax obligation from settlement of vested restricted stock units.
F3	The shares are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest in four equal installments of 25% on each of January 27, 2023, January 26, 2024, January 24, 2025, and January 30, 2026, subject to Participant's Continuous Service through each such vesting date.
F4	Vesta in four equal installments of 25% on each of January 27, 2023, January 26, 2024, January 24, 2025, and January 30, 2026, subject to Participant's Continuous Service through each such vesting date.