BIGBEE PAUL 4

What Happened

• Paul Bigbee, Chief Accounting Officer of CAVCO Industries (CVCO), surrendered 45 shares on May 15, 2026 to satisfy tax withholding obligations related to the release of Restricted Stock Units (RSUs). The shares were valued at $455.76 each for a total of $20,509. This was not an open-market sale for investment purposes but a routine tax-withholding disposition.

Key Details

• Transaction date and price: May 15, 2026 — 45 shares at $455.76 per share (total $20,509).
• Transaction type/code: F — shares surrendered to cover tax withholding on RSU release (footnote F1).
• Shares owned after transaction: Not specified in the filing; filing notes 368 shares underlying RSUs are allocated but not yet vested or delivered (footnote F2).
• Filing timeliness: Filed on May 19, 2026; appears to be timely (filed within the normal Form 4 reporting window).

Context

• This was a tax-withholding event (share surrender) tied to RSU vesting, commonly seen when companies withhold shares instead of paying cash to cover payroll taxes. It’s a routine administrative action and does not necessarily signal insider buying or selling intent.