[Form 4] Cavco Industries Inc. Insider Trading Activity

Rhea-AI Filing Summary

Cavco Industries, Inc. (CVCO) – Form 4 filing: President & CEO William C. Boor reported a single insider transaction dated 07/30/2025.

• Transaction code F indicates surrender of shares solely to satisfy tax-withholding on vesting of Restricted Stock Units, not an open-market sale.
• Shares disposed: 128 common shares at an indicated price of $403.12, representing <1 % of his direct holdings.
• Post-transaction ownership: 47,022 shares held directly and 380 shares held indirectly through his spouse.

No derivative securities were acquired or disposed. The filing does not signal a change in executive role, compensation structure, or corporate strategy; the disposition appears administrative and immaterial to the share count or control of the issuer.

Positive

• None.

Negative

• CEO surrendered 128 shares for tax withholding; although routine, any insider disposition can be perceived negatively by some investors.

Insights

Financial Analyst

TL;DR Small, tax-related share surrender by CVCO CEO; neutral impact on valuation or sentiment.

The Form 4 shows William C. Boor surrendered 128 shares to cover taxes on RSU release. Such code F transactions are routine and do not reflect a discretionary sale. Post-transaction, he still holds 47 k shares, preserving substantial alignment with shareholders. Volume is immaterial relative to Cavco’s ~9 m shares outstanding, so trading liquidity or insider-ownership metrics remain unchanged. No derivatives or additional sales were reported, supporting a neutral view on insider sentiment.

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
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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^*

Boor William C

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2025

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	07/30/2025		F		128(1)	D	$403.12	47,022	D
Common Stock								380	I	By Spouse

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	08/01/2025
	** 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

How many CVCO shares did the CEO dispose of in the Form 4?

He surrendered 128 common shares.

What was the purpose of the share disposition reported for CVCO?

It was a tax-withholding payment upon Restricted Stock Unit release (Transaction code F).

How many Cavco Industries shares does William C. Boor now own?

After the transaction he holds 47,022 shares directly and 380 indirectly via his spouse.

Were any derivative securities involved in this CVCO Form 4?

No, no derivatives were acquired or disposed of.

Does the filing indicate any change in the CEO’s role at Cavco Industries?

No role change is mentioned; Boor remains President & CEO.