Reid Sandra Lynne 4

What Happened

• Sandra Lynne Reid, Executive Vice President, Corporate Communications at Davey Tree Expert Co., exercised 3,450 derivative shares (options) on June 16, 2026 at an exercise price of $8.18 per share, for a cash outlay of $28,221. The same filing reports disposals the same day: 1,948 shares via an open-market sale (reported at $0.00 in the filing) and a disposition of 3,450 derivative shares (reported at $0.00). A footnote also notes routine accumulation of 33,467.3162 common shares through the company 401(k) plan as of June 16, 2026.
• These actions include an option exercise (transaction code M) and reported sales/dispositions (transaction code S and derivative disposition). The exercise followed by same-day disposals is consistent with a net or cashless-style settlement (shares exercised and then transferred/sold), as reflected in the filing.

Key Details

• Transaction date: June 16, 2026; Form 4 filed June 17, 2026 (filed timely).
• Option exercise: 3,450 shares @ $8.18 = $28,221 (acquired).
• Disposals reported: 1,948 shares (open-market sale) reported at $0.00; 3,450 derivative-share disposition reported at $0.00 (per filing).
• Footnote: 33,467.3162 common shares acquired through the company 401(k) plan as of June 16, 2026 (routine accumulation).
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• When an option exercise is immediately followed by sales/dispositions the same day, it often reflects a net/cashless exercise or sales to cover the exercise cost and tax withholding; the filing shows the exercise and dispositions occurred on the same date.
• Reports of $0.00 for some dispositions in Form 4s can reflect net settlement, withholding, or reporting conventions — the filing shows those $0.00 amounts but does not provide a sale price for those particular share movements.
• This filing is factual reporting of transactions by an officer; it does not by itself indicate the insider’s view of company prospects.