Form 4: Director Farha Aslam Exits Calavo Growers via Merger
Statement of Changes in Beneficial Ownership
Director Farha Aslam reports the disposal of all equity holdings in Calavo Growers, Inc. following the company's merger with Mission Produce.
Summary
- Director Farha Aslam disposed of 7,792 shares of Calavo Growers common stock on May 28, 2026.
- The disposal was executed pursuant to the Agreement and Plan of Merger with Mission Produce, Inc. dated January 14, 2026.
- Each share of Calavo common stock was converted into 0.9790 shares of Mission Produce common stock plus $14.85 in cash.
- Three tranches of restricted stock units (RSUs) totaling 11,408 units were cancelled and converted into cash payments at a 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 process for the reporting person.
- The conversion of equity and RSUs into cash and Mission Produce stock provides liquidity and ongoing exposure to the acquiring entity.
Negatives
- The reporting person no longer holds any direct beneficial ownership in Calavo Growers, Inc. following the merger.
Risks
- The reporting person is no longer a stakeholder in the issuer, reflecting the total divestment associated with the corporate acquisition.
Future Outlook
The filing does not provide a future outlook as it represents the final disposition of securities by the reporting person due to the completed merger.
Industry Context
StockSavvy.ai notes that this filing marks the conclusion of the Calavo Growers and Mission Produce merger, a significant consolidation in the produce industry aimed at creating a more integrated supply chain.
Comparison to Industry Standards
- The merger terms are consistent with standard acquisition structures in the agricultural sector, involving a mix of stock and cash consideration.
Stakeholder Impact
- Shareholders are impacted by the completion of the merger and the transition to Mission Produce equity.
Next Steps
- None, as the reporting person has zeroed out their holdings in the issuer.
Key Dates
| Date | Description |
|---|---|
| 2024-11-01 | Vesting date for 4,929 restricted stock units. |
| 2025-04-23 | Vesting date for 2,220 restricted stock units. |
| 2026-01-14 | Date of the Agreement and Plan of Merger. |
| 2026-04-23 | Vesting date for 4,259 restricted stock units. |
| 2026-05-28 | Date of the reported transaction and filing. |
Keywords
Calavo Growers, CVGW, Mission Produce, Merger, Form 4, Insider Trading, Divestment
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