[Form 4] Cavco Industries Inc. Insider Trading Activity

Rhea-AI Filing Summary

Brian R. Cira, President, Manufactured Housing at Cavco Industries (CVCO), reported two related transactions on 08/25/2025. He acquired 1,000 shares at a reported price of $153.94 and sold 1,000 shares at $522 on the same date. Following these transactions he beneficially owned 3,081 shares, which includes 699 restricted stock units that are allocated but not yet vested or delivered. The filing also discloses a non-qualified stock option tied to 1,000 shares with a $153.94 exercise price that was exercisable and became fully exercisable earlier and expires on July 9, 2026. The form was signed by an attorney-in-fact on 08/27/2025.

Insights

Securities Analyst

TL;DR: Insider executed option-related activity and an offsetting sale, leaving modest remaining holdings including unvested RSUs.

The filing shows a simultaneous acquisition and disposition of 1,000 common shares each on 08/25/2025. The acquisition is reported at $153.94 per share and the disposition at $522 per share. Post-transaction beneficial ownership is 3,081 shares, including 699 RSUs not yet vested. The filing also documents a non-qualified stock option tied to 1,000 shares with a $153.94 exercise price that remains relevant through its July 9, 2026 expiration. From an investor-reporting perspective, the disclosure is clear and complete regarding counts, prices, and remaining derivative and restricted-holding details.

Corporate Governance Expert

TL;DR: Form 4 accurately discloses insider option exercise, sale, and outstanding restricted units, meeting Section 16 reporting norms.

The report identifies the reporting person as an officer (President, Manufactured Housing) and provides required transaction details: dates, codes, amounts, prices, and resulting beneficial ownership. It separately discloses that 699 shares are underlying restricted stock units not yet vested. The form is signed by an attorney-in-fact, indicating proper execution of the filing. There are no additional corporate-governance events or amendments in this submission.

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

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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^*

CIRA BRIAN R

(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)
	President,Manufactured Housing

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		M		1,000	A	$153.94	4,081	D
Common Stock	08/25/2025		S		1,000	D	$522	3,081(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
Non-Qualified Stock Option (Right to Buy)	$153.94	08/25/2025		M			1,000	(2)	07/09/2026	Common Stock	1,000	$0	0	D

Explanation of Responses:

1. Includes 699 shares underlying Restricted Stock Units allocated but not yet vested or delivered.

2. These options became fully exercisable on July 9, 2023 and expire on July 9, 2026.

Remarks:

	/s/ Seth G. Schuknecht, attorney-in fact	08/27/2025
	** 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).
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