<SEC-DOCUMENT>0000278166-22-000051.txt : 20220804
<SEC-HEADER>0000278166-22-000051.hdr.sgml : 20220804
<ACCEPTANCE-DATETIME>20220804183358
ACCESSION NUMBER:		0000278166-22-000051
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220804
FILED AS OF DATE:		20220804
DATE AS OF CHANGE:		20220804

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Zeller Lyle D
		CENTRAL INDEX KEY:			0001775849

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08822
		FILM NUMBER:		221138126

	MAIL ADDRESS:	
		STREET 1:		3636 N. CENTRAL AVENUE
		STREET 2:		SUITE 1200
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85012

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAVCO INDUSTRIES INC.
		CENTRAL INDEX KEY:			0000278166
		STANDARD INDUSTRIAL CLASSIFICATION:	MOBILE HOMES [2451]
		IRS NUMBER:				860214910
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0401

	BUSINESS ADDRESS:	
		STREET 1:		3636 N CENTRAL AVE
		STREET 2:		STE 1200
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85012
		BUSINESS PHONE:		602-256-6263

	MAIL ADDRESS:	
		STREET 1:		3636 N CENTRAL AVE
		STREET 2:		STE 1200
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85012

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAVCO INDUSTRIES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wf-form4_165965241299718.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2022-08-04</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000278166</issuerCik>
        <issuerName>CAVCO INDUSTRIES INC.</issuerName>
        <issuerTradingSymbol>CVCO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001775849</rptOwnerCik>
            <rptOwnerName>Zeller Lyle D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O 3636 N. CENTRAL AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1200</rptOwnerStreet2>
            <rptOwnerCity>PHOENIX</rptOwnerCity>
            <rptOwnerState>AZ</rptOwnerState>
            <rptOwnerZipCode>85012</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>See Remarks</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2022-08-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>26</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>255.72</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>529</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Surrender of shares for payment of tax withholding on release of Restricted Stock Units.</footnote>
        <footnote id="F2">Includes 452 shares of Restricted Stock Units allocated but not yet vested or delivered.</footnote>
    </footnotes>

    <remarks>Mr. Zeller is President of CountryPlace Mortgage Ltd., a subsidiary of Cavco Industries, Inc.</remarks>

    <ownerSignature>
        <signatureName>/s/ Mickey R. Dragash, attorney-in-fact</signatureName>
        <signatureDate>2022-08-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
