Julia Sze - Nov 8, 2024 Form 4 Insider Report for CAVCO INDUSTRIES INC. (CVCO)

Role
Director
Signature
/s/ Seth G. Schuknecht, attorney-in fact
Stock symbol
CVCO
Transactions as of
Nov 8, 2024
Transactions value $
-$57,335
Form type
4
Date filed
11/12/2024, 04:57 PM
Previous filing
Aug 1, 2024
Next filing
Dec 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVCO Common Stock Sale -$57.3K -125 -4.19% $458.68 2.86K Nov 8, 2024 Direct F1
* 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 August 9, 2024, and does not represent a discretionary transaction. The reported sale represents a "sell to cover" transaction and equals the number of shares required to be sold by the Reporting Person to satisfy tax withholding obligations in connection with the vesting of the Reporting Person's restricted stock units.