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DAVEY TREE EXPERT CO·4

Nov 13, 9:47 AM ET

Sears Thea R. 4

4 · DAVEY TREE EXPERT CO · Filed Nov 13, 2025

Insider Transaction Report

Form 4

Period: 2025-11-13

DAVEY TREE EXPERT CONONE

Senior VP and Controller

Transactions

Exercise/Conversion
Common Stock
2025-11-13$8.18/sh+4,400$35,992→ 238,289 total
Exercise/Conversion
Common Stock
2025-11-13$8.80/sh+4,400$38,720→ 242,689 total
Sale
Common Stock
2025-11-13$25.50/sh−5,041$128,546→ 243,286 total
Tax Payment
Common Stock
2025-11-13$25.50/sh−3,580$91,290→ 239,706 total
Exercise/Conversion
Stock Appreciation Rights (2016)
2025-11-13−4,400→ 0 total
Exercise: $8.18From: 2017-03-04Exp: 2025-12-31→ Common Stock (4,400 underlying)
Exercise/Conversion
Stock Appreciation Rights (2018)
2025-11-13−5,638→ 0 total
Exercise: $9.55From: 2019-03-09Exp: 2027-12-31→ Common Stock (5,638 underlying)
Exercise/Conversion
Common Stock
2025-11-13$9.55/sh+5,638$53,843→ 248,327 total
Exercise/Conversion
Stock Appreciation Rights (2017)
2025-11-13−4,400→ 0 total
Exercise: $8.80From: 2018-03-03Exp: 2026-12-31→ Common Stock (4,400 underlying)

Holdings

Common Stock
(indirect: By 401(k))
23,055.862

Footnotes (3)

[F1]Exercise of SARs.
[F2]Payment of taxes in connection with SARs pay-out.
[F3]This total reflects routine accumulation of 23,055.8618 common shares acquired through the Company's 401(K) benefit plan as of November 13, 2025, based on internal records.

Documents

1 file

4
wk-form4_1763045271.xmlPrimary
FORM 4