Catherine M. Kilbane - Nov 15, 2023 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role: Director
Signature: /s/Catherine M. Kilbane/Christopher J. Bast, By Power of Attorney
Stock symbol: NONE
Transactions as of: Nov 15, 2023
Transactions value $: $8,616
Form type: 4
Date filed: 11/17/2023, 12:01 PM
Previous filing: May 18, 2023
Next filing: May 13, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NONE	Common Stock	Options Exercise	$8.62K	+476	+2.19%	$18.10	22.2K	Nov 15, 2023	Direct	F1, 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	Stock Subscription Rights (Right to Buy)	Options Exercise	$0	-476	-28.55%	$0.00	1.19K	Nov 15, 2023	Common Stock	476	$18.10	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported stock subscription rights to purchase shares of the Company's common stock were acquired in the Company's stock subscription offering to employees and non-employee directors in accordance with the provisions of The Davey Tree Expert Company 2014 Omnibus Stock Plan (the "Plan"). All participants in the offering purchasing in excess of $5,000 of common stock were granted a "right" to purchase one additional share of common stock, at a price of $18.10 per share, for every three shares of common stock purchased under the Plan. Each "right" may be exercised at the rate of 1/7 per year beginning on August 1, 2022 and will expire on July 31, 2029.
F2	All share totals and prices reflect a 2-for-1 stock split effective October 1, 2021. Ms. Kilbane's total shares were not previously adjusted for this stock split for Form 4 filing dated May 19, 2022 - 14,655 split-adjusted share total; Form 4 dated August 2, 2022 - 19,655 split-adjusted share total; Form 4 dated May 18, 2023 - 21,709 split-adjusted share total

Content

The reported stock subscription rights to purchase shares of the Company's common stock were acquired in the Company's stock subscription offering to employees and non-employee directors in accordance with the provisions of The Davey Tree Expert Company 2014 Omnibus Stock Plan (the "Plan"). All participants in the offering purchasing in excess of $5,000 of common stock were granted a "right" to purchase one additional share of common stock, at a price of $18.10 per share, for every three shares of common stock purchased under the Plan. Each "right" may be exercised at the rate of 1/7 per year beginning on August 1, 2022 and will expire on July 31, 2029.

All share totals and prices reflect a 2-for-1 stock split effective October 1, 2021. Ms. Kilbane's total shares were not previously adjusted for this stock split for Form 4 filing dated May 19, 2022 - 14,655 split-adjusted share total; Form 4 dated August 2, 2022 - 19,655 split-adjusted share total; Form 4 dated May 18, 2023 - 21,709 split-adjusted share total