Form 4: Director Michael DiGregorio Exits Calavo via Merger

Director Michael DiGregorio reported the disposal of his entire 39,450 share stake in Calavo Growers, Inc. following the company's merger with Mission Produce.

Summary

• Director Michael DiGregorio disposed of 39,450 shares of Calavo Growers, Inc. (CVGW) common stock.
• The transaction occurred on May 28, 2026, as a result of the merger agreement between Calavo Growers and Mission Produce.
• Following the transaction, the reporting person holds zero shares of Calavo common stock.
• 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 disposition of shares following a previously announced merger.

Positives

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

Negatives

• The reporting person no longer maintains a direct equity stake in the issuer following the merger.

Risks

• The company is no longer an independent entity following the merger completion.

Future Outlook

The filing indicates the completion of a merger, meaning the issuer is now part of Mission Produce, and no further independent guidance for Calavo is provided.

Industry Context

StockSavvy.ai notes that this filing confirms the consolidation of the produce sector, specifically the integration of Calavo Growers into Mission Produce, reflecting a broader trend of M&A activity in the agricultural and food distribution space.

Comparison to Industry Standards

• The merger follows standard industry consolidation patterns where mid-cap agricultural firms combine to achieve economies of scale.
• The cash-and-stock consideration structure is consistent with typical public company acquisition terms.

Stakeholder Impact

• Shareholders have received the merger consideration as defined in the agreement.

Next Steps

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

Key Dates

Keywords

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