Form 4: Director J. Link Leavens Reports Calavo Merger Exit

Director J. Link Leavens reports the disposal of all direct and indirect holdings in Calavo Growers, Inc. following the company's merger with Mission Produce.

Summary

• Reporting person J. Link Leavens disposed of 89,858 shares held directly.
• Reporting person J. Link Leavens disposed of 266,413 shares held indirectly through partnerships.
• The disposal was executed pursuant to the Agreement and Plan of Merger with Mission Produce, Inc. dated January 14, 2026.
• Under the merger terms, each Calavo share was converted into 0.9790 shares of Mission Produce common stock plus $14.85 in cash.

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

• Successful completion of the merger transaction with Mission Produce, Inc.

Negatives

• Director J. Link Leavens has fully divested their equity stake in Calavo Growers, Inc.

Risks

• Integration risks associated with the merger between Calavo Growers and Mission Produce.

Future Outlook

The filing reflects the completion of a merger; therefore, no further operational guidance for Calavo Growers is provided as it is now part of the Mission Produce entity.

Management Comments

• The shares were disposed of pursuant to the Agreement and Plan of Merger.

Industry Context

StockSavvy.ai notes that this filing confirms the finalization of a significant consolidation in the produce industry, signaling a shift in market share and operational scale for Mission Produce.

Comparison to Industry Standards

• The merger follows industry trends of consolidation among major avocado and produce distributors to achieve economies of scale.
• The cash-and-stock consideration structure is consistent with standard M&A practices in the agricultural sector.

Related Party Transactions

• The reporting person held shares through various partnerships where they shared voting and investment power.

Stakeholder Impact

• Shareholders of Calavo Growers have received Mission Produce stock and cash as part of the merger consideration.

Next Steps

• Final delisting of Calavo Growers, Inc. from public exchanges.

Key Dates

Keywords

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