Joseph Edward Day - Aug 21, 2024 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role: EVP, US Residential Operations
Signature: /s Joseph Edward Day/Christopher J. Bast, by Power of Attorney
Stock symbol: NONE
Transactions as of: Aug 21, 2024
Transactions value $: $51,694
Form type: 4
Date filed: 8/21/2024, 02:42 PM
Previous filing: Jul 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NONE	Common Stock	Options Exercise	$51.7K	+2.86K	+0.83%	$18.10	348K	Aug 21, 2024	Direct	F1
holding	NONE	Common Stock						64	Aug 21, 2024	By Daughter
holding	NONE	Common Stock						70.9K	Aug 21, 2024	By 401KSOP	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	-2.86K	-42.84%	$0.00	3.81K	Aug 21, 2024	Common Stock	2.86K	$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	This total reflects routine accumulation of 70,946.8740 common shares acquired through the Company's 401(K) benefit plan as of August 21, 2024, based on internal records. The number of shares in the reporting person's 401(K) plan account has decreased due to administrative fees withheld by the plan administrator.

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.

This total reflects routine accumulation of 70,946.8740 common shares acquired through the Company's 401(K) benefit plan as of August 21, 2024, based on internal records. The number of shares in the reporting person's 401(K) plan account has decreased due to administrative fees withheld by the plan administrator.