Cavco Industries (CVCO) exec surrenders 19 shares for tax withholding

Rhea-AI Filing Summary

CAVCO INDUSTRIES, INC. executive Matthew A. Nino, President, Retail, reported a small share disposition tied to taxes rather than a market trade. On the release of Restricted Stock Units, 19 shares of Common Stock were surrendered at $495.11 per share to cover tax withholding. After this tax-withholding disposition, he directly holds 2,589 shares of Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nino Matthew A

Role President, Retail

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	19	$495.11	$9K

Holdings After Transaction: Common Stock — 2,589 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares surrendered for tax: 19 shares Per-share value: $495.11 per share Shares held after transaction: 2,589 shares

3 metrics

Shares surrendered for tax 19 shares Tax-withholding disposition on RSU release

Per-share value $495.11 per share Value applied to surrendered shares

Shares held after transaction 2,589 shares Direct Common Stock ownership post-transaction

Key Terms

Restricted Stock Units, tax withholding, Common Stock

3 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""

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 Insider Transactions: What Each Field Means →

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^*

Nino Matthew A

(Last) (First) (Middle)

3636 N. CENTRAL AVE., STE. 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, Retail

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2026		F		19(1)	D	$495.11	2,589	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. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.

Remarks:

	/s/ Seth G. Schuknecht, attorney-in fact	05/22/2026
	** 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)

FAQ

What did Cavco Industries (CVCO) executive Matthew A. Nino report in this Form 4?

Matthew A. Nino reported surrendering 19 shares of Cavco Common Stock. The shares were used to pay tax withholding due on the release of Restricted Stock Units, rather than being sold in an open market transaction.

How many Cavco Industries (CVCO) shares does Matthew A. Nino hold after this transaction?

After the tax-withholding transaction, Matthew A. Nino directly holds 2,589 shares. This figure reflects his Common Stock position following the surrender of 19 shares to satisfy tax obligations related to vested Restricted Stock Units.

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

No, the transaction was not an open-market sale. The Form 4 describes a tax-withholding disposition, where 19 shares were surrendered to cover withholding taxes owed on the release of Restricted Stock Units.

What price per share was used for Matthew A. Nino’s Cavco (CVCO) tax-withholding shares?

The 19 surrendered shares were valued at $495.11 per share. This per-share value is used in the Form 4 to calculate the value of shares applied to satisfy the related tax withholding obligation.

What does the footnote in Matthew A. Nino’s Cavco (CVCO) Form 4 explain?

The footnote explains that the shares were surrendered for payment of tax withholding on the release of Restricted Stock Units. It clarifies the disposition as a tax event, not a discretionary sale of Cavco Common Stock.