Was the Cavco (CVCO) CFO share sale discretionary or pre-planned?

The sale was executed automatically under a Rule 10b5-1 trading plan adopted on November 26, 2025. The filing states it did not represent a discretionary transaction, indicating the timing was pre-scheduled rather than chosen on that specific day.

Cavco (CVCO) CFO preplanned sale of 1,208 shares, retains 10,647

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Cavco Industries EVP, CFO & Treasurer Allison Aden reported a pre-planned share sale and related tax withholding. On June 12, 2026, Aden sold 1,208 shares of Cavco common stock in an open-market transaction at $600.00 per share under a Rule 10b5-1 trading plan adopted on November 26, 2025, which the filing states was not discretionary. The plan has 1,792 shares remaining available to be sold and will terminate automatically on July 3, 2026 if not completed earlier. The same day, 27 shares were surrendered to cover tax withholding on the release of Restricted Stock Units. After these transactions, Aden directly holds 10,647 shares of common stock, plus 2,249 shares underlying Restricted Stock Units that are allocated but not yet vested or delivered.

Insider Trade Summary

Net Seller: 1,208 shares ($724,800)

Net Sell 2 txns

Insider ADEN ALLISON

Role EVP, CFO & Treasurer

Sold 1,208 shs ($725K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,208	$600.00	$725K
Tax Withholding	Common Stock	27	$592.76	$16K

Holdings After Transaction: Common Stock — 10,647 shares (Direct, null)

Footnotes (1)

The sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 26, 2025, and does not represent a discretionary transaction. The Reporting Person's Rule 10b5-1 trading plan has 1,792 remaining shares available to be sold and terminates automatically on July 3, 2026, if not before. Surrender of shares for payment of tax withholding on release of Restricted Stock Units. Includes 2,249 shares underlying Restricted Stock Units allocated but not yet vested or delivered.

Key Figures

Shares sold: 1,208 shares Sale price: $600.00 per share Tax-withholding shares: 27 shares +5 more

8 metrics

Shares sold 1,208 shares Open-market sale of common stock on June 12, 2026

Sale price $600.00 per share Price for open-market sale of 1,208 shares

Tax-withholding shares 27 shares Surrendered to cover tax withholding on RSU release

Holding after sale 10,647 shares Direct common stock holdings after open-market sale

Holding after tax surrender 10,620 shares Direct common stock holdings after tax-withholding disposition

Remaining plan shares 1,792 shares Shares still available under Rule 10b5-1 trading plan

Unvested RSU-equivalent shares 2,249 shares Underlying Restricted Stock Units allocated but not yet vested or delivered

Plan termination date July 3, 2026 Automatic end date of Rule 10b5-1 trading plan

Key Terms

Rule 10b5-1 trading plan, Restricted Stock Units, tax-withholding disposition, open-market sale

4 terms

Rule 10b5-1 trading plan regulatory

"The sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 26, 2025"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Restricted Stock Units financial

"Surrender of shares for payment of tax withholding on release of Restricted Stock Units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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Form 4 Insider Transactions: What Each Field Means →

06/15/2026 - 08:12 PM

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^*

ADEN ALLISON

(Last)

(First)

(Middle)

C/O 3636 N. CENTRAL AVENUE

SUITE 1200

(Street)

PHOENIX

ARIZONA

85012

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)
	EVP, CFO & Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/12/2026		S		1,208⁽¹⁾	D	$600	10,647	D
Common Stock	06/12/2026		F		27⁽²⁾	D	$592.76	10,620⁽³⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 26, 2025, and does not represent a discretionary transaction. The Reporting Person's Rule 10b5-1 trading plan has 1,792 remaining shares available to be sold and terminates automatically on July 3, 2026, if not before.

2. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.

3. Includes 2,249 shares underlying Restricted Stock Units allocated but not yet vested or delivered.

Remarks:

	/s/ Seth G. Schuknecht, attorney-in fact	06/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Cavco (CVCO) CFO Allison Aden report?

Allison Aden reported an open-market sale of 1,208 Cavco shares at $600 each and a separate surrender of 27 shares for tax withholding tied to Restricted Stock Units, both occurring on June 12, 2026.

How many Cavco (CVCO) shares does the CFO hold after these transactions?

Following the June 12, 2026 transactions, Allison Aden directly holds 10,647 shares of Cavco common stock. In addition, she has 2,249 shares underlying Restricted Stock Units that are allocated but not yet vested or delivered, according to the filing footnotes.

What is the status of the CFO’s Rule 10b5-1 trading plan for Cavco (CVCO)?

The Rule 10b5-1 plan still has 1,792 Cavco shares available to be sold. The plan is set to terminate automatically on July 3, 2026 if all shares are not sold earlier, as described in the filing’s footnote.

Why were 27 Cavco (CVCO) shares surrendered by the CFO?

The 27 shares were surrendered to cover tax withholding obligations when Restricted Stock Units were released. This tax-withholding disposition is coded as an F transaction and does not represent an open-market sale by the executive.