Christopher J. Bast - Aug 26, 2022 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 26, 2022
Transactions value $: $26,400
Form type: 4
Date filed: 8/26/2022, 11:30 AM
Previous filing: Aug 2, 2022
Next filing: Jan 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NONE	Common Stock	Options Exercise	$26.4K	+3K	+4.35%	$8.80^*	72K	Aug 26, 2022	Direct	F1
holding	NONE	Common Stock						9.45K	Aug 26, 2022	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	-3K	-100%	$0.00^*	0	Aug 26, 2022	Common Stock	3K	$8.80	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 23, 2018.
F2	This total reflects routine accumulation of 9,453.4770 common shares acquired through the Company's 401(K) benefit plan as of August 26, 2022, based on internal records.