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Calavo Growers (NASDAQ: CVGW) director converts 4,259 RSUs into common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Director Marc Laurence Brown of Calavo Growers Inc exercised restricted stock units into common shares. He converted 4,259 restricted stock units into 4,259 shares of common stock, with no cash exercise price reported. Following this transaction, he directly holds 32,700 shares of Calavo common stock. The filing shows no remaining derivative position from these restricted stock units, indicating they have been fully converted into shares.

Positive

  • None.

Negative

  • None.
Insider Brown Marc Laurence
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 4,259 $0.00 --
Exercise Common Stock 4,259 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 32,700 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of CVGW common stock. The restricted stock units fully vest on the date of that is the earlier of (i) the one-year anniversary of the date of grant, or (ii) Calavo Growers, Inc.'s 2026 annual meeting of shareholders provided such annual meeting occurs on or after April 8, 2026.
RSUs exercised 4,259 units Restricted stock units converted into common stock on April 23, 2026
Common shares acquired 4,259 shares Shares received from RSU conversion on April 23, 2026
Shares held after transaction 32,700 shares Direct ownership of Calavo Growers common stock following the Form 4 transactions
Transaction price per share $0.00 Reported price per share for RSU exercise/conversion
Derivative exercise count 1 transaction Exercise or conversion of derivative security recorded in transaction summary
Restricted Stock Units financial
"The filing reports 4,259 Restricted Stock Units converted into common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"Transaction code M is described as Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
annual meeting of shareholders financial
"Vesting is tied to the 2026 annual meeting of shareholders under specified conditions."
A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Brown Marc Laurence
(Last)(First)(Middle)
C/O CALAVO GROWERS, INC.
1141-A CUMMINGS RD.
(Street)
SANTA PAULA CALIFORNIA 93060
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CALAVO GROWERS INC [ CVGW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/23/2026M4,259A(1)32,700D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/23/2026M4,259 (2) (2)Common Stock4,259$00D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of CVGW common stock.
2. The restricted stock units fully vest on the date of that is the earlier of (i) the one-year anniversary of the date of grant, or (ii) Calavo Growers, Inc.'s 2026 annual meeting of shareholders provided such annual meeting occurs on or after April 8, 2026.
/s/ Marc Brown04/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Calavo Growers (CVGW) report for Marc Laurence Brown?

Calavo Growers reported that director Marc Laurence Brown exercised 4,259 restricted stock units into 4,259 shares of common stock. This derivative exercise increased his direct share ownership without indicating any open-market buying or selling activity in the company’s stock.

How many Calavo Growers (CVGW) shares does Marc Laurence Brown hold after this Form 4?

After converting restricted stock units, Marc Laurence Brown directly holds 32,700 shares of Calavo Growers common stock. This total reflects his position immediately following the 4,259-share acquisition through derivative exercise disclosed in the Form 4 filing.

What type of security did Marc Laurence Brown convert at Calavo Growers (CVGW)?

Marc Laurence Brown converted 4,259 restricted stock units into an equal number of Calavo Growers common shares. Each restricted stock unit represented a contingent right to receive one share of common stock, according to the footnotes included with the Form 4 filing.

Did the Calavo Growers (CVGW) Form 4 show any stock sales by Marc Laurence Brown?

The Form 4 does not report any stock sales by Marc Laurence Brown. It shows an exercise or conversion of 4,259 restricted stock units into common shares, increasing his holdings, with no open-market sell transactions disclosed in this filing.

How were the restricted stock units described in the Calavo Growers (CVGW) filing?

The filing states each restricted stock unit represents a contingent right to receive one share of Calavo Growers common stock. Footnotes also describe a vesting schedule tied to the earlier of a one-year grant anniversary or the 2026 annual meeting of shareholders under stated conditions.