Christopher J. Bast - 28 May 2024 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role: Sr VP, Treasurer & Ops Support
Signature: /s/Christopher J. Bast/Joseph R. Paul, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 28 May 2024
Net transactions value: +$31,650
Form type: 4
Filing time: 29 May 2024, 14:04:00 UTC
Previous filing: 29 Mar 2024
Next filing: 17 Jul 2024
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	$31,650	+3,000	+3.5%	$10.55^*	89,330	28 May 2024	Direct	F1
holding		Common Stock						10,940	28 May 2024	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		Nonqualified Stock Option (Right to Buy)	Options Exercise	$0	-3,000	-100%	$0.000000^*	0	28 May 2024	Common Stock	3,000	$10.55	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 March 7, 2020.
F2	This total reflects routine accumulation of 10,939.5494 common shares acquired through the Company's 401(K) benefit plan as of May 28, 2024 based on internal records.