Form 4: SkyWater Director Sells 100,000 Shares

SkyWater Technology, Inc. Director and 10% owner Loren A. Unterseher sold 100,000 shares of common stock for approximately $1.45 million.

Summary

• Loren A. Unterseher, a Director and 10% owner of SkyWater Technology, Inc. (SKYT), reported the sale of 100,000 shares of common stock.
• The transaction occurred on November 26, 2025, with a weighted average sale price of $14.5431 per share.
• The sale prices ranged from $14.50 to $14.68 per share.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.
• Following the reported transaction, Mr. Unterseher, directly and indirectly, beneficially owns a total of 9,695,131 shares of common stock.
• Beneficial ownership includes shares held directly by Mr. Unterseher (23,713 shares), CMI Oxbow Partners, LLC (4,487,394 shares), and Oxbow Industries, LLC (3 shares).
• Indirect beneficial ownership is also held through various trusts: a family irrevocable trust (531,283 shares), a 2024 grantor retained annuity trust (1,229,864 shares), revocable trusts (2 shares and 651,818 shares), and trusts for the benefit of his daughter (two instances of 687,811 shares each) and son (two instances of 687,812 shares each).

Sentiment

Score: 5

Explanation: The filing is a factual report of an insider stock transaction. While insider selling can sometimes be viewed negatively by the market, the filing itself is neutral in tone and provides no additional context for the sale beyond it being pursuant to a Rule 10b5-1 plan.

Future Outlook

The filing is a disclosure of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports an insider stock transaction, which is a routine disclosure for publicly traded companies. It does not provide information directly related to broader industry trends or competitive landscape, but insider trading activity can sometimes be interpreted by the market in the context of industry-specific developments.

Related Party Transactions

• Loren A. Unterseher is President of CMI Oxbow Partners, LLC and Managing Partner of Oxbow Industries, LLC, which is the majority member of CMI. CMI directly holds 4,487,394 shares of common stock, and Oxbow directly holds 3 shares. Mr. Unterseher may be deemed a beneficial owner of these shares.
• Shares are indirectly held through a family irrevocable trust (531,283 shares).
• Shares are indirectly held through a 2024 grantor retained annuity trust (1,229,864 shares).
• Shares are indirectly held through revocable trusts (2 shares and 651,818 shares).
• Shares are indirectly held through trusts for the benefit of his daughter (two instances of 687,811 shares each).
• Shares are indirectly held through trusts for the benefit of his son (two instances of 687,812 shares each).

Stakeholder Impact

• Shareholders may interpret the sale by a Director and 10% owner as a signal, potentially influencing their perception of the company's near-term prospects, although the sale was conducted under a Rule 10b5-1 plan.

Key Dates

Keywords

SkyWater Technology, SKYT, Insider Sale, Form 4, Loren A. Unterseher, Director, 10% Owner, Stock Transaction, Equity Sale, Rule 10b5-1