Christopher J. Bast - Aug 27, 2021 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role: Vice President & Treasurer
Signature: /s/Christopher J. Bast/Joseph R. Paul, by Power of Attorney
Stock symbol: NONE
Transactions as of: Aug 27, 2021
Transactions value $: $32,700
Form type: 4
Date filed: 8/27/2021, 09:04 AM
Previous filing: Jul 20, 2021
Next filing: Nov 18, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NONE	Common Stock	Options Exercise	$32.7K	+2K	+9.24%	$16.35^*	23.7K	Aug 27, 2021	Direct	F1
holding	NONE	Common Stock						4.17K	Aug 27, 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	NONE	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-2K	-100%	$0.00^*	0	Aug 27, 2021	Common Stock	2K	$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.