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

Rhea-AI Filing Summary

ADEN ALLISON reported open-market sale transactions in this Form 4 filing.

CAVCO INDUSTRIES, INC. executive vice president, CFO and treasurer Allison Aden reported the disposition of 129 shares of common stock at $455.76 per share on the release of restricted stock units, with the shares surrendered to cover tax withholding. After this transaction, Aden holds 8,806 shares directly, including 2,344 shares underlying restricted stock units that are allocated but not yet vested or delivered.

Insider Trade Summary

Net Seller: 129 shares ($58,793)

Net Sell 1 txn

Insider ADEN ALLISON

Role EVP, CFO & Treasurer

Sold 129 shs ($59K)

Type	Security	Shares	Price	Value
Sale	Common Stock	129	$455.76	$59K

Holdings After Transaction: Common Stock — 8,806 shares (Direct, null)

Footnotes (1)

1. Surrender of shares for payment of tax withholding on release of Restricted Stock Units. Includes 2,344 shares underlying Restricted Stock Units allocated but not yet vested or delivered.

Key Figures

Shares disposed: 129 shares Price per share: $455.76 per share Shares held after transaction: 8,806 shares +1 more

4 metrics

Shares disposed 129 shares Surrendered for tax withholding on RSU release

Price per share $455.76 per share Disposition price for 129 shares

Shares held after transaction 8,806 shares Direct holdings following the disposition

Unvested RSU underlying shares 2,344 shares Allocated but not yet vested or delivered

Key Terms

Restricted Stock Units, tax withholding, open-market sale, Form 4

4 terms

Restricted Stock Units financial

"Includes 2,344 shares underlying Restricted Stock Units allocated but not yet vested or delivered."

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.

open-market sale financial

"transaction_action: open-market sale"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

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 →

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)
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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		S		129(1)	D	$455.76	8,806(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. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.

2. Includes 2,344 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)

FAQ

What insider transaction did CAVCO INDUSTRIES (CVCO) report for CFO Allison Aden?

CAVCO INDUSTRIES reported that CFO Allison Aden disposed of 129 shares of common stock at $455.76 per share. The shares were surrendered to satisfy tax withholding obligations related to the release of restricted stock units, rather than an open-market sale for investment purposes.

Was the recent CVCO insider transaction by Allison Aden an open-market sale?

The transaction is coded as a sale but the footnote states the 129 shares were surrendered for tax withholding tied to restricted stock units. This indicates a tax-related disposition, not a discretionary open-market trade, and is typically considered a routine administrative event for equity compensation.

How many CAVCO INDUSTRIES (CVCO) shares does Allison Aden hold after the reported transaction?

After the 129-share tax withholding disposition, Allison Aden directly holds 8,806 shares of CAVCO INDUSTRIES common stock. This total includes equity already owned plus remaining awards, and provides context that the reported transaction affects only a small portion of her overall position.

What role do restricted stock units play in the CVCO Form 4 for Allison Aden?

The Form 4 notes that the 129 shares were surrendered to pay taxes on the release of restricted stock units. It also states Aden has 2,344 shares underlying restricted stock units that are allocated but not yet vested or delivered, representing additional unvested equity compensation.

Does the Allison Aden Form 4 indicate remaining unvested CVCO equity awards?

Yes. A footnote explains that Allison Aden has 2,344 shares underlying restricted stock units that are allocated but not yet vested or delivered. These unvested awards represent future potential share deliveries, separate from the 129 shares surrendered for tax withholding purposes.