Christopher J. Bast - Aug 29, 2023 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role: Sr VP, Treasurer & Ops Support
Signature: /s/Christopher J. Bast/Joseph R. Paul, by Power of Attorney
Stock symbol: NONE
Transactions as of: Aug 29, 2023
Transactions value $: $28,650
Form type: 4
Date filed: 8/29/2023, 02:08 PM
Previous filing: Jul 13, 2023
Next filing: Jan 22, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NONE	Common Stock	Options Exercise	$28.7K	+3K	+3.92%	$9.55^*	79.6K	Aug 29, 2023	Direct	F1
holding	NONE	Common Stock						10.4K	Aug 29, 2023	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 29, 2023	Common Stock	3K	$9.55	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, 2019.
F2	This total reflects routine accumulation of 10,440.9483 common shares acquired through the Company's 401(K) benefit plan as of August 29, 2023, based on internal records.