[Form 4] Cavco Industries Inc. Insider Trading Activity

Rhea-AI Filing Summary

Richard A. Kerley, a director of Cavco Industries (CVCO), reported equity transactions dated 08/08/2025 showing changes in his beneficial ownership of the issuer's common stock. The Form 4 lists entries under Table I for common stock with Transaction Code "G." Following the reported transaction(s), the filing shows 290 shares owned directly (the filing states these include 290 shares underlying restricted stock units allocated but not yet vested or delivered) and 7,669 shares owned indirectly through the Kerley Family Trust. The report is signed by an attorney-in-fact on behalf of the reporting person.

Insights

Corporate Governance Expert

TL;DR: Routine director equity allocation and trust-held shares; appears administrative rather than material.

The filing documents an insider reporting change in beneficial ownership for a company director, showing direct holdings that include 290 RSU-related shares and 7,669 shares held via the Kerley Family Trust. This pattern is consistent with compensation-related equity allocations and family-trust ownership rather than an open-market purchase or sale. From a governance perspective, the disclosure meets Section 16 reporting requirements and provides transparency on the director's alignment with shareholder interests, but the filing contains no additional operational or financial details to suggest material corporate change.

Securities Analyst

TL;DR: Insider Form 4 shows grant/allocation and trust holdings; not a market-moving event on its own.

The reported entries use Transaction Code "G" and reflect equity allocated to the reporting person plus indirect ownership via a family trust. The filing explicitly notes 290 shares underlying restricted stock units that are not yet vested or delivered, and 7,669 shares held indirectly. There is no price information suggesting open-market trades, nor are there derivative instruments reported. Given the absence of material dispositions, financings, or large relative ownership shifts in the filing, this disclosure is likely immaterial to the company's near-term valuation.

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

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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^*

KERLEY RICHARD A

(Last) (First) (Middle)

C/O 3636 N CENTRAL AVE

STE 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)

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

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

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	08/08/2025		G		286	D	$0	290(1)	D
Common Stock	08/08/2025		G		286	A	$0	7,669	I	By Kerley Family Trust

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 290 shares underlying Restricted Stock Units allocated but not yet vested or delivered.

Remarks:

	/s/ Seth G. Schuknecht, attorney-in fact	08/12/2025
	** 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).
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