DiGregorio Michael Anthony 4
4 · CALAVO GROWERS INC · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Calavo (CVGW) Director Michael DiGregorio Disposes 39,450 Shares
What Happened Michael DiGregorio, a director of Calavo Growers, disclosed a disposition of 39,450 shares of Calavo common stock on 2026-05-28. The shares were disposed pursuant to the Merger Agreement with Mission Produce; each Calavo share converted into 0.9790 Mission Produce shares plus $14.85 in cash. The cash portion equals about $585,832.50 (39,450 × $14.85); the filing notes additional Mission Produce stock was received in lieu of Calavo shares and cash was paid for fractional shares.
Key Details
- Transaction date: 2026-05-28. Transaction code: D (Disposition to the issuer, pursuant to merger).
- Consideration: 0.9790 Mission Produce shares per Calavo share and $14.85 cash per Calavo share (cash ≈ $585,832.50 for 39,450 shares).
- Shares owned after the transaction: The filing indicates Calavo common shares were converted under the Merger Agreement; the Form 4 does not report remaining Calavo holdings after conversion.
- Footnote: Disposition pursuant to the Agreement and Plan of Merger dated January 14, 2026 (see F1).
- Filing timeliness: Reported on 2026-05-28 for a 2026-05-28 transaction (appears timely).
Context This was not an open-market sale but a merger conversion: Calavo shares were exchanged for Mission Produce shares and cash under the merger terms. Such dispositions are transactional (corporate-action) rather than unilateral insider sales and do not by themselves indicate the insider’s sentiment about the combined company.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-05-28−39,450→ 0 total
Footnotes (1)
- [F1]The shares were disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 14, 2026, by and among Calavo Growers, Inc. ("Calavo") Mission Produce, Inc. ("Mission Produce"), Cantaloupe Merger Sub I, Inc. and Cantaloupe Merger Sub II, LLC. Pursuant to the Merger Agreement, at the First Effective Time (as defined in the Merger Agreement), each share of common stock, par value $0.001 per share, of Calavo was converted into the right to receive (i) 0.9790 shares of common stock, par value $0.001 per share, of Mission Produce and cash in lieu of fractional shares and (ii) $14.85 in cash, without interest.