Catherine M. Kilbane - Sep 19, 2025 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role: Director
Signature: /s/Catherine M. Kilbane/Christopher J. Bast, By Power of Attorney
Transactions as of: Sep 19, 2025
Transactions value $: $4,308
Form type: 4
Date filed: 9/19/2025, 11:29 AM
Previous filing: May 22, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
KILBANE CATHERINE M	Director	1500 N MANTUA ST, KENT	/s/Catherine M. Kilbane/Christopher J. Bast, By Power of Attorney	2025-09-19	0001266110

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Common Stock	Options Exercise	$4.31K	+238	+0.92%	$18.10	26.2K	Sep 19, 2025	Direct

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)	Options Exercise	$0	-238	-24.97%	$0.00	715	Sep 19, 2025	Common Stock	238	$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.

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.