Brown Marc Laurence 4

What Happened

• Marc Laurence Brown, a director of Calavo Growers, reported a conversion/exercise of derivative securities on 2026-04-23. The filing shows 4,259 shares were acquired via exercise/conversion (code M) and the same 4,259 shares were reported disposed at $0.00. The filing reports no cash proceeds or purchase price for these transactions.

Key Details

• Transaction date: 2026-04-23; Form 4 filed: 2026-04-27 (timely filing).
• Acquired: 4,259 shares via exercise/conversion of a derivative (code M); price for acquired shares: N/A in the filing.
• Disposed: 4,259 shares at $0.00 (reporting $0 proceeds); filing does not state the reason for the $0.00 disposition.
• Shares owned after transaction: not specified in the summary provided; because an equal number were acquired and disposed, there was no reported net increase in beneficial ownership from these line items.
• Relevant footnotes:
  • F1: Each restricted stock unit (RSU) represents a contingent right to receive one share of CVGW common stock.
  • F2: The RSUs fully vest on the earlier of (i) the one-year anniversary of grant or (ii) Calavo’s 2026 annual meeting, provided that meeting occurs on or after April 8, 2026.

Context

• Code M indicates exercise or conversion of a derivative security; in this case RSUs converted into shares. The simultaneous disposition at $0.00 means the filing shows no cash change for the disposed shares; the filing does not specify whether this reflects withholding, surrender, or another administrative settlement. This transaction is largely administrative in nature and does not necessarily signal a buy or sell opinion by the insider.