CVCO insider exercised options and plans $1.3M sale via Morgan Stanley

Rhea-AI Filing Summary

Cavco Industries insider sale notice: 2,500 shares to be sold on 08/22/2025 via Morgan Stanley, representing an aggregate market value of $1,298,259. The form states the securities were acquired the same day by stock option exercise and paid in cash. The filer previously sold 2,000 shares on 08/14/2025 for gross proceeds of $481,946.80 and $485,000.00 in two transactions. The notice includes the seller's representation that they are not aware of undisclosed material adverse information about the issuer.

Insights

Financial Analyst

TL;DR: Routine insider liquidity event: 2,500 shares from option exercise to be sold, following two earlier sales totaling 2,000 shares.

The filing documents an insider exercising options and planning an immediate cash sale of 2,500 common shares with a stated aggregate market value of $1,298,259 on 08/22/2025 through Morgan Stanley Smith Barney. Earlier sales on 08/14/2025 show 2,000 shares sold for about $967k combined proceeds, indicating recent realized insider liquidity. This is a transactional disclosure rather than an operational update and, standing alone, is unlikely to materially affect Cavco's reported financials.

Corporate Governance Expert

TL;DR: The filing is a standard Rule 144 notice documenting sales and an option exercise; it includes required representations about material non-public information.

The notice confirms compliance with Rule 144 disclosure for sales aggregated with recent dispositions. The signer attests no undisclosed material adverse information exists. From a governance perspective, the sequence—exercise and near-term sale plus prior mid-August sales—should prompt routine monitoring of future insider trading patterns and any company disclosures, but the form itself contains no governance violations or new adverse facts.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2500	1298259.00	7917647	08/22/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/22/2025	Stock Option Exercise	Issuer			2500	08/22/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
SUSAN BLOUNT 3636 North Central Ave Ste 1200 Phoenix AZ 85012	Common	08/14/2025	1000	481946.80
SUSAN BLOUNT 3636 North Central Ave Ste 1200 Phoenix AZ 85012	Common	08/14/2025	1000	485000.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)