Joseph Edward Day III - 09 May 2025 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role: EVP, US Residential Operations
Signature: /s Joseph Edward Day/Christopher J. Bast, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 09 May 2025
Net transactions value: +$30,120
Form type: 4
Filing time: 12 May 2025, 10:57:41 UTC
Previous filing: 24 Mar 2025
Next filing: 14 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
DAY JOSEPH EDWARD III	EVP, US Residential Operations	1500 N MANTUA ST, KENT	/s Joseph Edward Day/Christopher J. Bast, by Power of Attorney	09 May 2025	0001927571

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Common Stock	Options Exercise	$30,120	+4,000	+1.1%	$7.53	362,804	09 May 2025	Direct
holding		Common Stock						64	09 May 2025	By Daughter
holding		Common Stock						71,099	09 May 2025	By 401KSOP	F1

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		Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-4,000	-100%	$0.000000	0	09 May 2025	Common Stock	4,000	$7.53	Direct	F2

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

Explanation of Responses:

Id	Content
F1	This total reflects routine accumulation of 71,099.1516 common shares acquired through the Company's 401(K) benefit plan as of May 9, 2025, 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.
F2	These options become exercisable in 20% installments on each anniversary of the grant date beginning June 29, 2016.