[Form 4] Champion Homes, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Lyall Jonathan Wade, EVP Sales/Business Development of Champion Homes, Inc. (SKY), received a grant of 21,331 restricted stock units (RSUs) on 08/15/2025 under the company’s 2018 Equity Incentive Plan. After the grant, the reporting person beneficially owns 62,598 shares. The RSU award vests in three equal annual installments beginning on the first anniversary of the grant date, subject to continued employment or plan terms. The reported transaction shows a grant price of $0 (typical for RSUs) and was reported on 08/19/2025 by an attorney-in-fact. The filing indicates this is a routine equity award intended to compensate and retain an executive; no sales, exercises, or derivative transactions are disclosed.

Insights

Corporate Governance Expert

TL;DR: A routine executive RSU grant with time-based vesting that aligns executive pay with shareholder outcomes; no immediate dilution from cash exercise.

The grant of 21,331 RSUs to an executive under the 2018 Equity Incentive Plan is a conventional retention and alignment tool. Vesting in one-third increments over three years ties pay to continued service. The filing shows the award price as $0, consistent with restricted stock units rather than options. The post-grant beneficial ownership of 62,598 shares should be monitored relative to total share count to assess dilution, but the Form 4 discloses no sales or derivative activity that would signal near-term liquidity by the insider.

Compensation Analyst

TL;DR: Time-based RSUs emphasize retention; the three-year annual vesting schedule is standard, with no performance conditions disclosed.

The award’s structure—vesting in equal annual tranches—suggests retention focus rather than performance-based incentive. A reported grant of 21,331 RSUs increases the executive’s alignment with shareholder value as the awards convert to shares on vesting without an exercise price. The Form 4 does not indicate performance metrics, accelerated vesting provisions, or derivative features, so the compensation impact appears straightforward and incremental to equity dilution over the vesting period.

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^*

LYALL JONATHAN WADE

(Last) (First) (Middle)

C/O CHAMPION HOMES, INC.

755 W. BIG BEAVER ROAD, SUITE 1000

(Street)

TROY MI 48084

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Champion Homes, Inc. [ SKY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Sales/Business Development

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		A		21,331(1)	A	$0	62,598	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. Represents a restricted stock unit award ("RSU Award") granted to the Reporting Person under the Issuer's 2018 Equity Incentive Plan (the "Plan"). The RSU Award vests in one-third increments on each of the first three anniversaries of the grant date, subject to continued employment or as otherwise provided in the Plan or the applicable form of RSU Award Agreement.

	/s/ Caren A. Ries, Attorney-in-Fact	08/19/2025
	** 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.