Brown Marc Laurence 4

What Happened

• Marc Laurence Brown, a director of Calavo Growers, disposed of 32,700 Calavo common shares on 2026-05-28. The transaction is a disposition to the issuer under the merger agreement with Mission Produce, not an open-market sale. Per the deal terms, each Calavo share was converted into the right to receive 0.9790 shares of Mission Produce stock and $14.85 in cash (cash in lieu of any fractional shares).

Key Details

• Transaction date: 2026-05-28. Transaction code: D (Disposition to issuer).
• Cash consideration: $14.85 per Calavo share → 32,700 × $14.85 ≈ $485,595 in cash.
• Stock consideration: 0.9790 Mission Produce shares per Calavo share (total ≈ 32,037.3 Mission shares before any rounding/cash-in-lieu).
• Price reported on Form 4: N/A (consideration specified by merger terms rather than a market price).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnote: Disposition made pursuant to the Agreement and Plan of Merger dated January 14, 2026 between Calavo and Mission Produce (first effective time conversion described above).
• Filing timeliness: Reported on 2026-05-28 for a 2026-05-28 transaction (filed timely per provided dates).

Context

• This disposition was executed under the merger agreement, meaning the shares were converted according to the deal (cash + stock) rather than sold on the open market. Such merger-driven conversions reflect transaction terms and do not necessarily indicate independent insider buying or selling sentiment.