CVCO Form 4: Chief Accounting Officer Disposes of 300 Shares

Rhea-AI Filing Summary

Paul Bigbee, Chief Accounting Officer of Cavco Industries, reported a sale of 300 shares of Cavco common stock on 08/29/2025 at a reported price of $530.45 per share. After the transaction he is shown as beneficially owning 774 shares directly. The filing also notes 461 restricted stock units allocated but not yet vested or delivered. The Form 4 was filed as a single reporting person submission and bears a signature filed by an attorney-in-fact on 09/02/2025. The report documents an insider disposition and the remaining direct holdings and unvested awards held by the reporting person.

Positive

• Timely, compliant disclosure of an insider transaction on Form 4
• Remaining direct ownership of 774 shares is explicitly reported
• Allocated but unvested RSUs (461) are disclosed, clarifying vested vs unvested holdings

Negative

• Insider sale of 300 shares was reported, representing a disposition by a company officer

Insights

Securities Analyst

TL;DR: Insider sold a small number of shares; filing shows remaining direct holdings and unvested RSUs, implying routine liquidity rather than a major change.

The sale of 300 shares at $530.45 is a discrete, identifiable insider disposition. With 774 shares remaining directly held and 461 RSUs unvested, the transaction size appears modest relative to typical executive holdings in mid-cap issuers. The filing is complete: it lists relationship (Chief Accounting Officer), transaction code (S for sale), and post-transaction beneficial ownership. For investors monitoring insider activity, this is a documented sale but not, on its face, a material ownership shift.

Corporate Governance Expert

TL;DR: Form 4 properly discloses an officer sale and remaining unvested awards; no governance red flags are evident from this single filing.

The Form 4 identifies Paul Bigbee as Chief Accounting Officer and reports an 08/29/2025 sale. The presence of 461 allocated but unvested RSUs is explicitly disclosed in the explanation. The filing was executed by an attorney-in-fact and includes the necessary reporting fields. From a governance perspective, this looks like compliant reporting of a routine insider transaction; there is no indication of unusual timing or concentrations based solely on the provided data.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BIGBEE PAUL

(Last) (First) (Middle)

C/O 3636 N. CENTRAL AVENUE

SUITE 1200

(Street)

PHOENIX AZ 85012

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CAVCO INDUSTRIES, INC. [ CVCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/29/2025		S		300	D	$530.45	774(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 461 shares underlying Restricted Stock Units allocated but not yet vested or delivered.

Remarks:

	/s/ Seth G. Schuknecht, attorney-in fact	09/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Paul Bigbee report for Cavco Industries (CVCO)?

The Form 4 reports a sale of 300 shares of CVCO common stock on 08/29/2025 at a price of $530.45 per share.

How many Cavco shares does the reporting person own after the transaction?

The filing shows the reporting person beneficially owns 774 shares following the reported transaction.

Are there any unvested awards disclosed in the Form 4 for CVCO?

Yes. The filing states there are 461 shares underlying Restricted Stock Units allocated but not yet vested or delivered.

Who filed the Form 4 and when was it signed?

The form was filed for one reporting person and the signature on the filing is by an attorney-in-fact, dated 09/02/2025.

What role does the reporting person hold at Cavco Industries?

The reporting person, Paul Bigbee, is identified as the company's Chief Accounting Officer.