Cavco (NASDAQ: CVCO) executive surrenders shares to cover RSU tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CAVCO INDUSTRIES, INC. executive Brian R. Cira, President, Manufactured Housing, surrendered 44 shares of Common Stock at $455.76 per share to cover tax withholding on the release of Restricted Stock Units. After this tax-withholding disposition, he directly holds 3,037 shares, plus 536 shares underlying unvested Restricted Stock Units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider CIRA BRIAN R

Role President,Manufactured Housing

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	44	$455.76	$20K

Holdings After Transaction: Common Stock — 3,037 shares (Direct, null)

Footnotes (1)

Surrender of shares for payment of tax withholding on release of Restricted Stock Units. Includes 536 shares underlying Restricted Stock Units allocated but not yet vested or delivered.

Key Figures

Shares surrendered for tax: 44 shares Per-share valuation: $455.76 per share Shares held after transaction: 3,037 shares +1 more

4 metrics

Shares surrendered for tax 44 shares Tax-withholding disposition on RSU release

Per-share valuation $455.76 per share Value used for tax withholding on 44 shares

Shares held after transaction 3,037 shares Direct Common Stock holdings following disposition

Unvested RSU underlying shares 536 shares Shares underlying allocated but unvested Restricted Stock Units

Key Terms

Restricted Stock Units, tax withholding, Common Stock, Form 4

4 terms

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 financial

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

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

Common Stock financial

"security_title: "Common Stock" in the reported transaction."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) for Cavco Industries, Inc."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 07:57 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^*

CIRA BRIAN R

(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)
	President,Manufactured Housing

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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	05/15/2026		F		44⁽¹⁾	D	$455.76	3,037⁽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)
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. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.

2. Includes 536 shares underlying Restricted Stock Units allocated but not yet vested or delivered.

Remarks:

	/s/ Seth G. Schuknecht, attorney-in fact	05/19/2026
	** 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 transaction did Cavco Industries (CVCO) report for Brian R. Cira?

Brian R. Cira surrendered 44 shares of Cavco Industries Common Stock. The shares were used to pay tax withholding owed on the release of Restricted Stock Units, rather than being sold in an open-market transaction.

At what price were the Cavco Industries (CVCO) shares used for tax withholding valued?

The 44 surrendered shares were valued at $455.76 per share. This value is used solely to determine the tax-withholding amount on the Restricted Stock Unit release, not as an open-market sale price.

How many Cavco Industries (CVCO) shares does Brian R. Cira hold after this Form 4 transaction?

After the tax-withholding disposition, Brian R. Cira directly owns 3,037 shares of Cavco Industries Common Stock. This figure reflects his direct holdings following the surrender of 44 shares for tax withholding obligations.

Does Brian R. Cira have additional Cavco Industries (CVCO) equity through Restricted Stock Units?

Yes. In addition to directly owned shares, his holdings include 536 shares underlying Restricted Stock Units. These RSUs have been allocated but are not yet vested or delivered, so they represent potential future share deliveries.

Was this Cavco Industries (CVCO) Form 4 transaction an open-market sale?

No. The Form 4 describes a tax-withholding disposition coded as “F.” Shares were surrendered to satisfy tax liabilities on a Restricted Stock Unit release, rather than sold by Brian R. Cira in the open market.