Christopher J. Bast - 26 Aug 2022 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: 26 Aug 2022
Net transactions value: +$26,400
Form type: 4
Filing time: 26 Aug 2022, 11:30:35 UTC
Previous filing: 02 Aug 2022
Next filing: 18 Jan 2023
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	$26,400	+3,000	+4.3%	$8.80^*	71,984	26 Aug 2022	Direct	F1
holding		Common Stock						9,453	26 Aug 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		Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-3,000	-100%	$0.000000^*	0	26 Aug 2022	Common Stock	3,000	$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.