CVCO Insider Sale: Seth Schuknecht Disposes 145 Shares Under 10b5-1

Rhea-AI Filing Summary

Seth G. Schuknecht, Executive Vice President and General Counsel of Cavco Industries, reported a sale of 145 shares of Cavco common stock on 09/04/2025 at a price of $550 per share. The filing states the sale occurred automatically under a Rule 10b5-1 trading plan adopted December 5, 2024, and that this transaction completes that plan. After the reported sale, the reporting person beneficially owns 1,133 shares, which include 1,068 shares underlying restricted stock units that are allocated but not yet vested or delivered. The Form 4 is signed by the reporting person on 09/08/2025.

Positive

• Transaction executed pursuant to a Rule 10b5-1 trading plan, indicating a pre-planned, non-discretionary sale
• Filing discloses completion of the 10b5-1 plan, providing transparency on the insider's structured selling activity
• Post-transaction beneficial ownership is specified (1,133 shares) and the filing notes that 1,068 shares are RSUs not yet vested

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine, pre-planned insider sale reported and plan completion — governance controls evident.

The filing documents a non-discretionary sale executed under a Rule 10b5-1 plan, which reduces concerns about opportunistic timing by management. Reporting that the sale "completes" the plan provides useful transparency about the insider's structured disposition activity. The remaining beneficial ownership largely consists of unvested RSUs, indicating limited immediately liquid holdings disclosed here.

Securities Analyst

TL;DR: Insider sold a small, pre-planned stake; transaction is informational but not materially transformative.

The sale of 145 shares at $550 each is specific and executed under an established 10b5-1 plan, reducing signaling risk. The report quantifies post-transaction holdings (1,133 shares) and clarifies that 1,068 are unvested RSUs, which affects near-term dilution/liquidity for the insider. This is a routine disclosure important for monitoring insider activity but does not in itself change company fundamentals.

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).

X

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^*

SCHUKNECHT SETH G

(Last) (First) (Middle)

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)
	EVP, General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025

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	09/04/2025		S(1)		145	D	$550	1,133(2)	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. The sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 5, 2024, and does not represent a discretionary transaction. This sale completes the Reporting Person's Rule 10b5-1 trading plan.

2. Includes 1,068 shares underlying Restricted Stock Units allocated but not yet vested or delivered.

Remarks:

	/s/ Seth G. Schuknecht	09/08/2025
	** 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 Cavco insider Seth Schuknecht report on Form 4 (CVCO)?

The filing reports the sale of 145 shares of Cavco common stock on 09/04/2025 at $550 per share under a Rule 10b5-1 plan.

Was the sale discretionary or part of a trading plan?

The sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted December 5, 2024, and the filing states the sale completes that plan.

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

After the reported sale the reporting person beneficially owns 1,133 shares, which include 1,068 shares underlying restricted stock units that are allocated but not yet vested or delivered.

What is the reporting person's role at Cavco?

The reporting person is an Officer of Cavco Industries, listed as Executive Vice President and General Counsel.

When was the Form 4 signed by the reporting person?

The Form 4 bears the reporting person’s signature dated 09/08/2025.