Calavo Growers (NASDAQ: CVGW) director equity cashed out in Mission merger
Rhea-AI Filing Summary
CALAVO GROWERS INC director Aslam Farha disposed of his Calavo equity in connection with the company’s merger with Mission Produce, Inc. The filing shows 7,792 shares of Calavo common stock were converted under the merger terms, rather than sold on the open market.
Under the Merger Agreement, each Calavo share was converted into the right to receive 0.9790 Mission Produce shares plus $14.85 in cash, with cash paid instead of fractional shares. Deferred restricted stock units tied to 4,929, 2,220 and 4,259 underlying Calavo shares were cancelled and converted into cash based on a merger consideration value of $27.69 per underlying share. Following these transactions, the Form 4 reports Farha with no remaining Calavo holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,792 shares
Net Sell
4 txns
Insider
Aslam Farha
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 4,259 | $27.69 | $118K |
| Disposition | Restricted Stock Units | 2,220 | $27.69 | $61K |
| Disposition | Restricted Stock Units | 4,929 | $27.69 | $136K |
| Disposition | Common Stock | 7,792 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (5)
- F1. The shares were disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 14, 2026, by and among Calavo Growers, Inc. ("Calavo") Mission Produce, Inc. ("Mission Produce"), Cantaloupe Merger Sub I, Inc. and Cantaloupe Merger Sub II, LLC. Pursuant to the Merger Agreement, at the First Effective Time (as defined in the Merger Agreement), each share of common stock, par value $0.001 per share, of Calavo ("Calavo Common Stock") was converted into the right to receive (i) 0.9790 shares of common stock, par value $0.001 per share, of Mission Produce and cash in lieu of fractional shares and (ii) $14.85 in cash, without interest.
- F2. Pursuant to the Merger Agreement, each restricted stock unit constituting a Deferred RSU (as defined in the Merger Agreement), was cancelled at the First Effective Time and converted into a right to receive an amount in cash, without interest, equal to the product obtained by multiplying (a) the number of shares of Calavo Common Stock underlying the Deferred RSU, by (b) the merger consideration value of $27.69.
- F3. The restricted stock units fully vested on April 23, 2026, and the reporting person's receipt of 4,259 shares of common stock was deferred pursuant to the restricted stock unit award agreement between the reporting person and Calavo.
- F4. The restricted stock units fully vested on April 23, 2025, and the reporting person's receipt of 2,220 shares of common stock was deferred pursuant to the restricted stock unit award agreement between the reporting person and Calavo.
- F5. The restricted stock units fully vested on November 1, 2024, and the reporting person's receipt of 4,929 shares of common stock was deferred pursuant to the restricted stock unit award agreement between the reporting person and Calavo.
Key Figures
Common shares disposed: 7,792 shares
RSUs cancelled (lot 1): 4,929 units
RSUs cancelled (lot 2): 2,220 units
+5 more
8 metrics
Common shares disposed
7,792 shares
Calavo common stock converted under merger on May 28, 2026
RSUs cancelled (lot 1)
4,929 units
Deferred RSUs fully vested November 1, 2024
RSUs cancelled (lot 2)
2,220 units
Deferred RSUs fully vested April 23, 2025
RSUs cancelled (lot 3)
4,259 units
Deferred RSUs fully vested April 23, 2026
Share exchange ratio
0.9790 shares
Mission Produce common per Calavo share
Cash per share
$14.85
Cash portion of merger consideration per Calavo common share
Merger consideration value
$27.69
Value per underlying share for Deferred RSUs
Post-transaction Calavo holdings
0 shares
Total Calavo shares reported after dispositions
Key Terms
Agreement and Plan of Merger, First Effective Time, Deferred RSU, merger consideration value, +1 more
5 terms
Agreement and Plan of Merger regulatory
"The shares were disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 14, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
First Effective Time regulatory
"Pursuant to the Merger Agreement, at the First Effective Time (as defined in the Merger Agreement), each share of common stock"
Deferred RSU financial
"each restricted stock unit constituting a Deferred RSU (as defined in the Merger Agreement), was cancelled at the First Effective Time"
merger consideration value financial
"converted into a right to receive an amount in cash ... equal to ... the merger consideration value of $27.69"
Restricted Stock Units financial
"The restricted stock units fully vested on April 23, 2026, and the reporting person's receipt of 4,259 shares of common stock was deferred"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Calavo Growers (CVGW) director Aslam Farha report?
Aslam Farha reported disposing of his Calavo equity in connection with the Mission Produce merger. The filing shows 7,792 common shares and several deferred restricted stock unit awards were converted or cashed out under the merger terms rather than sold in the open market.
What happened to Aslam Farha’s restricted stock units in Calavo Growers (CVGW)?
Deferred restricted stock units linked to 4,929, 2,220 and 4,259 underlying Calavo shares were cancelled at the First Effective Time. They were converted into a cash right equal to the number of underlying shares multiplied by the merger consideration value of $27.69 per share.
What is the merger consideration value referenced for Calavo Growers (CVGW) deferred RSUs?
The filing states a merger consideration value of $27.69 per underlying Calavo share for Deferred RSUs. Each such RSU was cancelled and converted into a cash payment equal to the number of underlying shares multiplied by this $27.69 value, without interest.
When did Aslam Farha’s Calavo Growers (CVGW) restricted stock units vest before the merger?
Footnotes indicate the RSUs fully vested on November 1, 2024 and April 23, 2025 and 2026. Receipt of the underlying Calavo shares was deferred under the award agreements, and those deferred units were later cashed out under the merger consideration terms at $27.69 per share.