Joseph Edward Day III - 16 Oct 2025 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role
Retired
Signature
/s Joseph Edward Day/Christopher J. Bast, by Power of Attorney
Issuer symbol
N/A
Transactions as of
16 Oct 2025
Net transactions value
+$116,314
Form type
4
Filing time
17 Oct 2025, 08:42:06 UTC
Previous filing
14 Jul 2025
Next filing
21 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
DAY JOSEPH EDWARD III Retired 1500 N MANTUA ST, KENT /s Joseph Edward Day/Christopher J. Bast, by Power of Attorney 17 Oct 2025 0001927571

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Options Exercise $68,712 +8,400 +2.3% $8.18 371,556 16 Oct 2025 Direct F1
transaction Common Stock Options Exercise $38,720 +4,400 +1.2% $8.80 375,956 16 Oct 2025 Direct F1
transaction Common Stock Options Exercise $83,066 +8,698 +2.3% $9.55 384,654 16 Oct 2025 Direct F1
transaction Common Stock Sale $190,510 -7,471 -1.9% $25.50 377,183 16 Oct 2025 Direct F1
transaction Common Stock Tax liability $107,661 -4,222 -1.1% $25.50 372,961 16 Oct 2025 Direct F2
transaction Common Stock Options Exercise $49,080 +6,000 +1.6% $8.18 378,961 17 Oct 2025 Direct
transaction Common Stock Options Exercise $35,200 +4,000 +1.1% $8.80 382,961 17 Oct 2025 Direct
transaction Common Stock Options Exercise $38,200 +4,000 +1% $9.55 386,961 17 Oct 2025 Direct
transaction Common Stock Options Exercise $38,296 +3,630 +0.94% $10.55 390,591 17 Oct 2025 Direct
transaction Common Stock Options Exercise $45,980 +3,800 +0.97% $12.10 394,391 17 Oct 2025 Direct
transaction Common Stock Options Exercise $17,231 +952 +0.24% $18.10 395,343 17 Oct 2025 Direct
holding Common Stock 64 16 Oct 2025 By Daughter
holding Common Stock 71,782 16 Oct 2025 By 401KSOP F3

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 Stock Appreciation Rights (2016) Options Exercise $0 -8,400 -100% $0.000000 0 16 Oct 2025 Common Stock 8,400 $8.18 Direct
transaction Stock Appreciation Rights (2017) Options Exercise $0 -4,400 -100% $0.000000 0 16 Oct 2025 Common Stock 4,400 $8.80 Direct
transaction Stock Appreciation Rights (2018) Options Exercise $0 -8,698 -100% $0.000000 0 16 Oct 2025 Common Stock 8,698 $9.55 Direct
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -6,000 -100% $0.000000 0 17 Oct 2025 Common Stock 6,000 $8.18 Direct F4
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4,000 -100% $0.000000 0 17 Oct 2025 Common Stock 4,000 $8.80 Direct F5
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4,000 -100% $0.000000 0 17 Oct 2025 Common Stock 4,000 $9.55 Direct F6
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -3,630 -100% $0.000000 0 17 Oct 2025 Common Stock 3,630 $10.55 Direct F7
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -3,800 -100% $0.000000 0 17 Oct 2025 Common Stock 3,800 $12.10 Direct F8
transaction Stock Subscription Rights (Right to Buy) Options Exercise $0 -952 -25% $0.000000 2,859 17 Oct 2025 Common Stock 952 $18.10 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joseph Edward Day III is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Exercise of SARs upon retirement.
F2 Payment of taxes in connection with SARs pay-out.
F3 This total reflects routine accumulation of 71,781.6686 common shares acquired through the Company's 401(K) benefit plan as of October 16, 2025, based on internal records.
F4 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 28, 2017.
F5 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 23, 2018.
F6 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 28, 2019.
F7 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 12, 2020.
F8 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 17, 2021.
F9 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.