Mission Produce executive chairman sells $1.45m in AVO stock

Mission Produce's executive chairman, Stephen J. Barnard, divested $1.45 million worth of the company's stock in a recent transaction. On September 21, 2026, Barnard sold 111,358 shares of Mission Produce common stock (NASDAQ:AVO) at an average weighted price of $13.01 per share, which was higher than the prevailing market price of $12.70.

The sale comprised 35,378 shares held directly by Barnard and 76,000 shares held through two trusts managed by him and his spouse. Despite the lower market price at the time of sale, Barnard's indirect holdings in the company remain substantial, with 1,695,185 shares through the Barnard GT Trust and 1,696,049 shares through the Shelly R. Barnard GT Trust.

He disclaims beneficial ownership of the indirectly held shares, except for a pecuniary interest. The recent acquisition of Calavo and a 38% increase in avocado volume sold by the company contributed to strong fiscal third-quarter revenue of $450 million, surpassing Wall Street estimates. Management raised their annualized cost synergy expectations to over $30 million following the acquisition. However, the average selling price for avocados dropped 9% year-over-year due to increased supply.