Form 4: Director Steven Hollister Exits Calavo Growers via Merger

Director Steven Hollister reported the disposal of his entire 48,110 share stake in Calavo Growers following the company's merger with Mission Produce.

Summary

• Director Steven Hollister disposed of 48,110 shares of Calavo Growers common stock.
• The transaction occurred on May 28, 2026, as a result of the completed merger with Mission Produce.
• 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 corporate 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 following the merger.

Risks

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

Future Outlook

The filing does not provide forward-looking guidance as it pertains to a completed merger transaction.

Industry Context

StockSavvy.ai notes that this filing marks the finalization of a significant consolidation event in the produce industry, aligning with broader trends of vertical integration and scale-seeking mergers among major agricultural suppliers.

Comparison to Industry Standards

• The merger structure involving a mix of cash and stock is consistent with standard M&A practices in the agribusiness sector.
• The exchange ratio reflects the relative valuation of Calavo Growers compared to Mission Produce at the time of the agreement.

Stakeholder Impact

• Shareholders of Calavo Growers 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