James C. Houston - Oct 16, 2025 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role
Retired Officer
Signature
/s/James C. Houston, Christopher J. Bast, by Power of Attorney
Transactions as of
Oct 16, 2025
Transactions value $
-$519,371
Form type
4
Date filed
10/17/2025, 08:40 AM
Previous filing
Oct 10, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
HOUSTON JAMES C Retired Officer 1500 N MANTUA ST, KENT /s/James C. Houston, Christopher J. Bast, by Power of Attorney 2025-10-17 0001929436

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Sale -$710K -27.8K -29.12% $25.50 67.8K Oct 16, 2025 Direct
transaction Common Stock Options Exercise $32.7K +4K +5.9% $8.18 71.8K Oct 17, 2025 Direct
transaction Common Stock Options Exercise $35.2K +4K +5.57% $8.80 75.8K Oct 17, 2025 Direct
transaction Common Stock Options Exercise $38.2K +4K +5.28% $9.55 79.8K Oct 17, 2025 Direct
transaction Common Stock Options Exercise $38.3K +3.63K +4.55% $10.55 83.4K Oct 17, 2025 Direct
transaction Common Stock Options Exercise $46K +3.8K +4.56% $12.10 87.2K Oct 17, 2025 Direct
holding Common Stock 30.3K Oct 16, 2025 By 401KSOP F1

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 Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4K -100% $0.00 0 Oct 17, 2025 Common Stock 4K $8.18 Direct F2
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4K -100% $0.00 0 Oct 17, 2025 Common Stock 4K $8.80 Direct F3
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4K -100% $0.00 0 Oct 17, 2025 Common Stock 4K $9.55 Direct F4
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -3.63K -100% $0.00 0 Oct 17, 2025 Common Stock 3.63K $10.55 Direct F5
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -3.8K -100% $0.00 0 Oct 17, 2025 Common Stock 3.8K $12.10 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This total reflects routine accumulation of 30,348.3641 common shares acquired through the Company's 401(K) benefit plan as of October 17, 2025, based on internal records.
F2 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 28, 2017.
F3 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 23, 2018.
F4 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 28, 2019.
F5 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 12, 2020.
F6 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 17, 2021.