Scott Alan Hyland - 21 May 2025 Form 3 Insider Report for DAVEY TREE EXPERT CO

Role: Senior VP of Marketing
Signature: /s/Scott Alan Hyland/Christopher J. Bast, By Power of Attorney
Issuer symbol: N/A
Transactions as of: 21 May 2025
Net transactions value: $0
Form type: 3
Filing time: 12 Jun 2025, 16:23:23 UTC
Next filing: 14 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hyland Scott Alan	Senior VP of Marketing	1500 N MANTUA ST, KENT	/s/Scott Alan Hyland/Christopher J. Bast, By Power of Attorney	12 Jun 2025	0002071764

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding		Common Stock						37,882	21 May 2025	Direct
holding		Common Stock						8,245	21 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
holding		Non-Qualified Stock Option (Right to Buy)							21 May 2025	Common Stock	2,000	$7.53	Direct	F2
holding		Non-Qualified Stock Option (Right to Buy)							21 May 2025	Common Stock	2,000	$8.18	Direct	F2
holding		Non-Qualified Stock Option (Right to Buy)							21 May 2025	Common Stock	1,000	$8.80	Direct	F2
holding		Non-Qualified Stock Option (Right to Buy)							21 May 2025	Common Stock	1,400	$9.55	Direct	F2
holding		Non-Qualified Stock Option (Right to Buy)							21 May 2025	Common Stock	1,820	$10.55	Direct	F2
holding		Non-Qualified Stock Option (Right to Buy)							21 May 2025	Common Stock	2,000	$12.10	Direct	F2
holding		Stock Appreciation Rights (2016)							21 May 2025	Common Stock	4,200	$8.18	Direct	F3
holding		Stock Appreciation Rights (2017)							21 May 2025	Common Stock	2,000	$8.80	Direct	F3
holding		Stock Appreciation Rights (2018)							21 May 2025	Common Stock	2,034	$9.55	Direct	F3
holding		Stock Subscription Rights (Right to Buy)							21 May 2025	Common Stock	100	$18.10	Direct	F4

* 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 8,244.7888 common shares acquired through the Company's 401(K) benefit plan as of June 12, 2025, based on internal records.
F2	These options vest and become exercisable in five equal annual installments beginning on the first anniversary of the grant date.
F3	Stock Appreciation Rights (SARs)become exercisable in five equal annual installments beginning on the first anniversary of the grant date.
F4	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 August 1, 2029.