JAMES C. HOUSTON - 10 Oct 2025 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role
VP & GM, Residential & Commerc
Signature
/s/James C. Houston, Christopher J. Bast, by Power of Attorney
Transactions as of
10 Oct 2025
Transactions value $
-$219,507
Form type
4
Filing time
10 Oct 2025, 09:04:57 UTC
Previous filing
29 Aug 2025
Next filing
17 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
HOUSTON JAMES C VP & GM, Residential & Commerc 1500 N MANTUA ST, KENT /s/James C. Houston, Christopher J. Bast, by Power of Attorney 10 Oct 2025 0001929436

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Options Exercise $27.5K +3.36K +3.58% $8.18 97.1K 10 Oct 2025 Direct F1
transaction Common Stock Options Exercise $38.7K +4.4K +4.53% $8.80 102K 10 Oct 2025 Direct F1
transaction Common Stock Options Exercise $80.2K +8.39K +8.27% $9.55 110K 10 Oct 2025 Direct F1
transaction Common Stock Sale -$146K -5.74K -5.22% $25.50 104K 10 Oct 2025 Direct F1
transaction Common Stock Tax liability -$79.9K -3.14K -3.01% $25.50 101K 10 Oct 2025 Direct F2
transaction Common Stock Tax liability -$140K -5.47K -5.42% $25.50 95.6K 10 Oct 2025 Direct F3
holding Common Stock 30.3K 10 Oct 2025 By 401KSOP F4

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 Appreciation Rights (2016) Options Exercise $0 -3.36K -100% $0.00 0 10 Oct 2025 Common Stock 3.36K $8.18 Direct
transaction Stock Appreciation Rights (2017) Options Exercise $0 -4.4K -100% $0.00 0 10 Oct 2025 Common Stock 4.4K $8.80 Direct
transaction Stock Appreciation Rights (2018) Options Exercise $0 -8.39K -100% $0.00 0 10 Oct 2025 Common Stock 8.39K $9.55 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

JAMES C. HOUSTON is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Exercise of SARs upon retirement.
F2 Payment of taxes in connection with SARs pay-out.
F3 Payment of taxes in connection with PRSUs pay-out.
F4 This total reflects routine accumulation of 30,348.3641 common shares acquired through the Company's 401(K) benefit plan as of October 10, 2025, based on internal records.