DiGregorio Michael Anthony 4

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.