Thea R. Sears - 30 Jun 2022 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role: Vice President & Controller
Signature: /s/Thea R. Sears/Christopher J. Bast, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 30 Jun 2022
Net transactions value: +$16,360
Form type: 4
Filing time: 01 Jul 2022, 15:22:39 UTC
Previous filing: 07 Mar 2022
Next filing: 02 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Common Stock	Options Exercise	$16,360	+2,000	+0.93%	$8.18^*	217,539	30 Jun 2022	Direct
holding		Common Stock						19,260	30 Jun 2022	By 401(k) Plan	F1

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		Nonqualified Stock Option (Right to Buy)	Options Exercise	$0	-2,000	-50%	$0.000000	2,000	30 Jun 2022	Common Stock	2,000	$8.18	Direct	F2

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

Explanation of Responses:

Id	Content
F1	This total reflects routine accumulation of 19,260.0469 common shares acquired through the Company's 401(K) benefit plan as of June 30, 2022, based on internal records.
F2	These options become exercisable in 20% installments on each anniversary of the grant date beginning June 28, 2017.