Thea R. Sears - Dec 20, 2024 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role: Vice President & Controller
Signature: /s/Thea R. Sears/Christopher J. Bast, by Power of Attorney
Stock symbol: NONE
Transactions as of: Dec 20, 2024
Transactions value $: $4,090
Form type: 4
Date filed: 12/20/2024, 11:28 AM
Previous filing: Jul 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NONE	Common Stock	Options Exercise	$4.09K	+500	+0.22%	$8.18	230K	Dec 20, 2024	Direct
holding	NONE	Common Stock						22.1K	Dec 20, 2024	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	NONE	Nonqualified Stock Option (Right to Buy)	Options Exercise	$0	-500	-100%	$0.00	0	Dec 20, 2024	Common Stock	500	$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 22,124.0598 common shares acquired through the Company's 401(K) benefit plan as of December 20, 2024, based on internal records.
F2	These options become exercisable in 20% installments on each anniversary of the grant date beginning June 28, 2017.