Calavo director disposes shares in merger

CALAVO GROWERS INC director Steve Hollister disposed of 48,110 shares of common stock in connection with a merger transaction.

Rhea-AI Filing Summary

CALAVO GROWERS INC director Steve Hollister disposed of 48,110 shares of common stock in connection with a merger transaction. The shares were transferred to the issuer under a merger agreement in which each Calavo share is converted into the right to receive 0.9790 Mission Produce common shares plus $14.85 in cash, with additional cash paid in lieu of any fractional Mission Produce shares. Following this disposition, Hollister no longer holds Calavo common stock according to this filing.

Insider Trade Summary

Disposition: 48,110 shares

Disposition 1 txn

Insider Hollister Steve

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock	48,110	$0.00	$0.00

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

1. 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 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.

Key Figures

Shares disposed: 48,110 shares Cash per Calavo share: $14.85 Stock exchange ratio: 0.9790 shares +1 more

4 metrics

Shares disposed 48,110 shares Common Stock, disposition to issuer on May 28, 2026

Cash per Calavo share $14.85 Cash component of merger consideration per Calavo share

Stock exchange ratio 0.9790 shares Mission Produce common stock received per Calavo share

Post-transaction Calavo holdings 0 shares Total Calavo common stock held after disposition

Key Terms

Agreement and Plan of Merger, First Effective Time, cash in lieu of fractional shares, Disposition to issuer, +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"

cash in lieu of fractional shares financial

"0.9790 shares of common stock ... of Mission Produce and cash in lieu of fractional shares"

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

common stock, par value $0.001 per share financial

"each share of common stock, par value $0.001 per share, of Calavo was converted"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Calavo Growers (CVGW) director Steve Hollister report in this Form 4?

Steve Hollister reported disposing of 48,110 Calavo Growers common shares. The shares were transferred to the issuer as part of a merger, where each share is exchanged for Mission Produce stock plus cash under a defined merger agreement.

How many Calavo Growers (CVGW) shares did the director give up in the merger?

The director disposed of 48,110 Calavo Growers common shares. These shares were converted under the merger terms into the right to receive Mission Produce stock, related cash consideration, and cash in lieu of fractional shares, replacing his former Calavo equity position.

What consideration do Calavo Growers (CVGW) shares receive under the Mission Produce merger?

Each Calavo share converts into 0.9790 Mission Produce common shares plus $14.85 in cash. Holders also receive cash instead of any fractional Mission Produce shares, as specified in the Agreement and Plan of Merger between Calavo and Mission Produce.

Does Steve Hollister hold any Calavo Growers (CVGW) shares after this transaction?

According to the Form 4, Steve Hollister holds zero Calavo common shares after the transaction. The reported disposition of 48,110 shares reduced his direct Calavo holdings to none as a result of the issuer disposition tied to the merger.

Was this Calavo Growers (CVGW) insider transaction an open-market sale?

No, it was not an open-market sale. The Form 4 identifies the transaction as a disposition to the issuer, executed under a merger agreement converting Calavo shares into Mission Produce stock plus cash, rather than a trade on the open market.

Which companies are involved in the Calavo Growers (CVGW) merger underlying this Form 4?

The merger involves Calavo Growers, Inc. and Mission Produce, Inc., along with Cantaloupe Merger Sub I, Inc. and Cantaloupe Merger Sub II, LLC, under an Agreement and Plan of Merger dated January 14, 2026.

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Accepted by SEC EDGAR 05/28/2026 - 09:38 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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

X

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^*

Hollister Steve

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/28/2026		D(1)		48,110	D	(1)	0	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 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.

	/s/ Steven Hollister	05/28/2026
	** Signature of Reporting Person	Date
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)