Christopher J. Bast - 01 Aug 2022 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role: Vice President & Treasurer
Signature: /s/Christopher J. Bast/Joseph R. Paul, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 01 Aug 2022
Net transactions value: +$90,500
Form type: 4
Filing time: 02 Aug 2022, 15:54:00 UTC
Previous filing: 15 Jul 2022
Next filing: 26 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Common Stock	Other	$90,500	+5,000	+7.8%	$18.10^*	68,984	01 Aug 2022	Direct	F1
holding		Common Stock						9,452	01 Aug 2022	By 401(K) Plan	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction		Stock Subscription Rights (Right to Buy)	Other	$0	+1,667		$0.000000	1,667	01 Aug 2022	Common Stock	1,667	$18.10	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported stock subscription rights to purchase shares of the Company's common stock were acquired in the Company's stock subscription offering to employees and non-employee directors in accordance with the provisions of The Davey Tree Expert Company 2014 Omnibus Stock Plan (the "Plan"). All participants in the offering purchasing in excess of $5,000 of common stock were granted a "right" to purchase one additional share of common stock, at a price of $18.10 per share, for every three shares of common stock purchased under the Plan. Each "right" may be exercised at the rate of 1/7 per year beginning on August 1, 2022 and will expire on July 31, 2029.
F2	This total reflects routine accumulation of 9,452.1471 common shares acquired through the Company's 401(K) benefit plan as of August 1, 2022, based on internal records.

Content

The reported stock subscription rights to purchase shares of the Company's common stock were acquired in the Company's stock subscription offering to employees and non-employee directors in accordance with the provisions of The Davey Tree Expert Company 2014 Omnibus Stock Plan (the "Plan"). All participants in the offering purchasing in excess of $5,000 of common stock were granted a "right" to purchase one additional share of common stock, at a price of $18.10 per share, for every three shares of common stock purchased under the Plan. Each "right" may be exercised at the rate of 1/7 per year beginning on August 1, 2022 and will expire on July 31, 2029.

This total reflects routine accumulation of 9,452.1471 common shares acquired through the Company's 401(K) benefit plan as of August 1, 2022, based on internal records.