Form 4: CVCO insider sale leaves 1,074 shares including 461 unvested RSUs

Rhea-AI Filing Summary

Cavco Industries (CVCO) insider sale disclosed on Form 4. Paul Bigbee, the company's Chief Accounting Officer and a director, reported selling 300 shares of Cavco common stock on 08/22/2025 at a reported price of $522.68 per share. Following the sale he beneficially owns 1,074 shares, which includes 461 restricted stock units that are allocated but not yet vested or delivered. The filing was signed by an attorney-in-fact on 08/26/2025. The form shows a single non-derivative disposition and no derivative transactions.

Positive

• None.

Negative

• Insider disposition: Reporting person sold 300 shares, reducing direct beneficial ownership to 1,074 shares.

Insights

Financial Analyst

TL;DR: A routine insider sale of 300 shares by the Chief Accounting Officer; ownership remains modest and includes unvested RSUs.

The reported sale of 300 shares at $522.68 is a discrete, non-derivative disposition and leaves the reporting person with 1,074 beneficially owned shares including 461 unvested RSUs. The transaction size is small relative to typical company market capitalization and there are no accompanying derivative or hedging transactions disclosed, suggesting this is a routine liquidity event rather than a material signal about company fundamentals.

Corporate Governance Expert

TL;DR: Insider compliance appears intact; the Form 4 records a straightforward sale and discloses unvested equity properly.

The Form 4 identifies the reporting persons roles and discloses the nature of indirect holdings by noting 461 RSUs not yet vested. The filing was completed and signed via attorney-in-fact, which is standard practice. No changes in officer title or other governance actions are reported. From a disclosure and compliance perspective the filing meets Section 16 reporting requirements for this transaction.

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
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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^*

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)
08/22/2025

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	08/22/2025		S		300	D	$522.68	1,074(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	08/26/2025
	** 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 did the Cavco (CVCO) Form 4 filed for Paul Bigbee disclose?

The filing discloses a sale of 300 shares on 08/22/2025 at a reported price of $522.68 per share and beneficial ownership of 1,074 shares including 461 unvested RSUs.

What position does the reporting person hold at Cavco (CVCO)?

The filing lists Paul Bigbee as a Director and the companys Chief Accounting Officer.

Are there any derivative transactions reported for CVCO in this Form 4?

No. The Form 4 shows only a non-derivative disposition of common stock and lists no derivative securities.

Does the Form 4 disclose unvested equity for the reporting person?

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

When was the Form 4 signed and by whom?

The signature block shows the form was signed by Seth G. Schuknecht, attorney-in-fact on 08/26/2025.