Dan A. Joy - 16 May 2025 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role
Retired
Signature
/s/Dan A. Joy/Christopher J. Bast, By Power of Attorney
Issuer symbol
N/A
Transactions as of
16 May 2025
Net transactions value
+$167,462
Form type
4
Filing time
19 May 2025, 15:06:01 UTC
Previous filing
10 Apr 2025
Next filing
05 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Joy Dan A Retired 1500 NORTH MANTUA STREET, P.O. BOX 5193, KENT /s/Dan A. Joy/Christopher J. Bast, By Power of Attorney 19 May 2025 0001572890

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Options Exercise $35,200 +4,000 +6.8% $8.80 62,544 16 May 2025 Direct
transaction Common Stock Options Exercise $38,200 +4,000 +6.4% $9.55 66,544 16 May 2025 Direct
transaction Common Stock Options Exercise $42,200 +4,000 +6% $10.55 70,544 16 May 2025 Direct
transaction Common Stock Options Exercise $51,861 +4,286 +6.1% $12.10 74,830 16 May 2025 Direct
transaction Common Stock Options Exercise $103,068 +12,600 +17% $8.18 87,430 16 May 2025 Direct F1
transaction Common Stock Sale $103,076 -4,277 -4.9% $24.10 83,153 16 May 2025 Direct F1
transaction Common Stock Options Exercise $56,320 +6,400 +7.7% $8.80 89,553 16 May 2025 Direct F1
transaction Common Stock Sale $56,322 -2,337 -2.6% $24.10 87,216 16 May 2025 Direct F1
transaction Common Stock Options Exercise $105,279 +11,024 +13% $9.55 98,240 16 May 2025 Direct F1
transaction Common Stock Sale $105,269 -4,368 -4.4% $24.10 93,872 16 May 2025 Direct F1
transaction Common Stock Purchase $0 +186,438 +199% $0.000000 280,310 16 May 2025 Direct F2
holding Common Stock 9,600 16 May 2025 By Sons

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 Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4,000 -100% $0.000000 0 16 May 2025 Common Stock 4,000 $8.80 Direct F3
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4,000 -100% $0.000000 0 16 May 2025 Common Stock 4,000 $9.55 Direct F4
transaction Nonqualified Stock Option (Right to Buy) Options Exercise $0 -4,000 -100% $0.000000 0 16 May 2025 Common Stock 4,000 $10.55 Direct F5
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4,286 -100% $0.000000 0 16 May 2025 Common Stock 4,286 $12.10 Direct F6
transaction Stock Appreciation Rights (2016) Options Exercise $0 -12,600 -100% $0.000000 0 16 May 2025 Common Stock 12,600 $8.18 Direct F1
transaction Stock Appreciation Rights (2017) Options Exercise $0 -6,400 -100% $0.000000 0 16 May 2025 Common Stock 6,400 $8.80 Direct F1
transaction Stock Appreciation Rights (2018) Options Exercise $0 -11,024 -100% $0.000000 0 16 May 2025 Common Stock 11,024 $9.55 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Dan A. Joy is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Exercise of SARs upon retirement.
F2 This total reflects routine accumulation of 186,438.00 common shares acquired through the Company's 401(K) benefit plan as of April 25, 2025, based on internal records. These shares were converted to direct ownership shares and are included in Mr. Joy's total share ownership; a balance of 4.12365 shares remain in the 401(K) account as indirect.
F3 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 23, 2018.
F4 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 28, 2019.
F5 These options become exercisable in 20% installments on each anniversary of the grant date beginning March 7, 2020.
F6 These options become exercisable in 20% installments on each anniversary of the grant date beginning March 5, 2021.