Susan L. Blount - 15 Jan 2025 Form 4 Insider Report for CAVCO INDUSTRIES INC. (CVCO)

Role
Director
Signature
/s/ Seth G. Schuknecht, attorney-in fact
Issuer symbol
CVCO
Transactions as of
15 Jan 2025
Net transactions value
-$247,905
Form type
4
Filing time
17 Jan 2025, 17:35:50 UTC
Previous filing
23 Dec 2024
Next filing
06 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVCO Common Stock Options Exercise $105,870 +750 +26% $141.16 3,586 15 Jan 2025 Direct
transaction CVCO Common Stock Sale $353,775 -750 -21% $471.70 2,836 15 Jan 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVCO Non-Employee Director Stock Option (Right to Buy) Options Exercise $0 -750 -10% $0.000000 6,500 15 Jan 2025 Common Stock 750 $141.16 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 13, 2024, and does not represent a discretionary transaction. This sale completes the Reporting Person's Rule 10b5-1 trading plan.
F2 This transaction was executed in multiple trades at prices ranging from $471.70 to $472.70, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F3 This option exercise occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 13, 2024, and does not represent a discretionary transaction.
F4 These options became fully exercisable on January 8, 2023 and expire on January 8, 2026