LEAVENS J LINK 4

What Happened

• J. Link Leavens, a director of Calavo Growers, converted/exercised 4,259 restricted stock units (derivative conversion) into 4,259 shares on 2026-04-23. The filing also shows 4,259 shares disposed at $0.00 the same day, indicating the shares were surrendered rather than sold for cash (commonly used to satisfy tax withholding obligations). No cash proceeds are reported.

Key Details

• Transaction date: 2026-04-23; Form filed: 2026-04-27.
• Acquired: 4,259 shares via conversion/exercise of a derivative (RSUs). Disposed: 4,259 shares at $0.00 (derivative), netting no cash proceeds.
• Shares owned after transaction: Not specified in the supplied filing details.
• Footnotes: F1 notes each restricted stock unit equals a contingent right to one share; F3 describes RSU vesting terms (vests at earlier of one-year anniversary or the 2026 annual meeting if held on/after April 8, 2026); F2 notes some shares are indirectly owned via partnerships.
• Timeliness: The Form 4 was filed four days after the transaction (4/23 → 4/27). Form 4s are typically due within two business days of a reportable transaction; investors may want to check whether a late filing disclosure applies.

Context

• This was an RSU conversion and a same-day surrender of shares (not an open-market sale). Surrenders at $0.00 typically reflect shares used to satisfy tax withholding or similar obligations and do not indicate a market sale or an intent to realize cash from the stock.
• Such routine RSU vesting/tax-withholding events are common for directors and executives and are not by themselves a directional signal about management’s view of the company.