Form 4: Director Adriana Mendizabal Exits Calavo Growers via Merger

Director Adriana Mendizabal reported the disposal of all Calavo Growers common stock and restricted stock units following the company's merger with Mission Produce.

Summary

• Adriana Mendizabal, a director at Calavo Growers, Inc. (CVGW), disposed of her entire beneficial ownership of 15,480 shares of common stock.
• The disposal occurred on May 28, 2026, as a result of the merger between Calavo Growers and Mission Produce.
• Under the merger terms, each share of Calavo common stock was converted into 0.9790 shares of Mission Produce common stock plus $14.85 in cash.
• Additionally, 2,220 restricted stock units (RSUs) were cancelled and converted into a cash payment based on a merger consideration value of $27.69 per unit.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing documenting the final exit of a director following a previously announced merger.

Positives

• The transaction confirms the successful completion of the merger agreement between Calavo Growers and Mission Produce.

Negatives

• The reporting person no longer holds any direct beneficial ownership in Calavo Growers, Inc. following the merger.

Risks

• The company has been acquired, meaning the risks associated with the former entity are now integrated into the operations of Mission Produce.

Future Outlook

The company has been acquired by Mission Produce; therefore, no further independent guidance for Calavo Growers is provided.

Industry Context

StockSavvy.ai notes that this filing marks the finalization of a significant consolidation in the produce industry, as Calavo Growers is absorbed into Mission Produce, reflecting a broader trend of M&A activity to achieve scale in the agricultural supply chain.

Comparison to Industry Standards

• The merger consideration structure is consistent with standard acquisition practices in the food and agriculture sector.
• The conversion of equity and RSUs into cash and parent company stock is a typical mechanism for public company takeovers.

Stakeholder Impact

• Shareholders have received the specified merger consideration of cash and Mission Produce stock.

Next Steps

• Final delisting of Calavo Growers common stock from public exchanges.

Key Dates

Keywords

Calavo Growers, CVGW, Mission Produce, Merger, Form 4, Insider Transaction, Adriana Mendizabal