Christopher J. Bast - 27 Aug 2021 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role: Vice President & Treasurer
Signature: /s/Christopher J. Bast/Joseph R. Paul, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 27 Aug 2021
Net transactions value: +$32,700
Form type: 4
Filing time: 27 Aug 2021, 09:04:01 UTC
Previous filing: 20 Jul 2021
Next filing: 18 Nov 2021
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	$32,700	+2,000	+9.2%	$16.35^*	23,650	27 Aug 2021	Direct	F1
holding		Common Stock						4,167	27 Aug 2021	By 401(K) Plan	F2

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	-2,000	-100%	$0.000000^*	0	27 Aug 2021	Common Stock	2,000	$16.35	Direct

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

Explanation of Responses:

Id	Content
F1	These options become exercisable in 20% installments on each anniversary of the grant date beginning June 28, 2017.
F2	This total reflects routine accumulation of 4,166.6196 common shares acquired through the Company's 401(K) benefit plan as of August 27, 2021, based on internal records.