JAMES C. HOUSTON - 16 Oct 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
16 Oct 2025
Net transactions value
-$519,370
Form type
4
Filing time
17 Oct 2025, 08:40:46 UTC
Previous filing
10 Oct 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 17 Oct 2025 0001929436

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Sale $709,767 -27,834 -29% $25.50 67,753 16 Oct 2025 Direct
transaction Common Stock Options Exercise $32,720 +4,000 +5.9% $8.18 71,753 17 Oct 2025 Direct
transaction Common Stock Options Exercise $35,200 +4,000 +5.6% $8.80 75,753 17 Oct 2025 Direct
transaction Common Stock Options Exercise $38,200 +4,000 +5.3% $9.55 79,753 17 Oct 2025 Direct
transaction Common Stock Options Exercise $38,296 +3,630 +4.6% $10.55 83,383 17 Oct 2025 Direct
transaction Common Stock Options Exercise $45,980 +3,800 +4.6% $12.10 87,183 17 Oct 2025 Direct
holding Common Stock 30,348 16 Oct 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 -4,000 -100% $0.000000 0 17 Oct 2025 Common Stock 4,000 $8.18 Direct F2
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4,000 -100% $0.000000 0 17 Oct 2025 Common Stock 4,000 $8.80 Direct F3
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4,000 -100% $0.000000 0 17 Oct 2025 Common Stock 4,000 $9.55 Direct F4
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -3,630 -100% $0.000000 0 17 Oct 2025 Common Stock 3,630 $10.55 Direct F5
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -3,800 -100% $0.000000 0 17 Oct 2025 Common Stock 3,800 $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.