LEAVENS J LINK 4

What Happened

• J. Link Leavens, a director of Calavo Growers, disposed of a total of 356,271 shares of Calavo common stock on 2026-05-28. The filing records two dispositions to the issuer (D): 89,858 shares and 266,413 shares.
• Per the Merger Agreement, each Calavo share converted into $14.85 in cash (no interest) plus 0.9790 shares of Mission Produce stock; the cash component on 356,271 shares is approximately $5,290,624.35. This was a merger-related disposition, not an open-market sale.

Key Details

• Transaction date: 2026-05-28 (two dispositions: 89,858 and 266,413 shares).
• Consideration: $14.85 cash per Calavo share plus 0.9790 Mission Produce shares per Calavo share (stock portion value depends on Mission's market price).
• Transaction type: Disposition to issuer (code D) as part of the Agreement and Plan of Merger dated Jan 14, 2026 (footnote F1).
• Shares owned after transaction: Not explicitly detailed in this Form 4; footnote F2 notes some shares were indirectly held via partnerships where the reporting person shares voting/investment power.
• Filing timeliness: Reported on 2026-05-28 (same day as the transaction date), indicating a timely filing.

Context

• This disposition was driven by a corporate merger (Calavo into Mission Produce), where shareholders received a mix of cash and acquirer stock. Such merger conversions are routine corporate actions and differ from voluntary insider sell-offs in the open market.
• Retail investors should view this as a merger-related conversion of holdings rather than a personal liquidity-driven sale; the reporting form is informational and does not imply management’s view on future share performance.