4/A: SkyWater Director Sells 240,000 Shares Under 10b5-1 Plan

A Director and 10% owner of SkyWater Technology, Inc. reported the sale of 240,000 common shares over two days in September 2025, executed under a Rule 10b5-1 trading plan.

Summary

• Loren A. Unterseher, a Director and 10% owner of SkyWater Technology, Inc. (SKYT), reported the sale of 240,000 shares of common stock.
• The sales occurred on September 18, 2025, and September 19, 2025.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2025.
• On September 18, 2025, 74,900 shares were sold at a weighted average price of $12.8054 per share, with prices ranging from $12.50 to $13.49.
• Also on September 18, 2025, an additional 45,100 shares were sold at a weighted average price of $13.5892 per share, with prices ranging from $13.50 to $13.80.
• On September 19, 2025, 120,000 shares were sold at a weighted average price of $14.0523 per share, with prices ranging from $14.00 to $14.20.
• Following these transactions, the beneficial ownership of common stock held directly by CMI Oxbow Partners, LLC, which Mr. Unterseher is associated with, stands at 6,931,626 shares.
• Mr. Unterseher disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest, as they are held by CMI Oxbow Partners, LLC, where he is President, and Oxbow Industries, LLC, where he is Managing Partner and which is the majority member of CMI.

Sentiment

Score: 4

Explanation: The sale of a substantial number of shares by a director and 10% owner, even under a pre-arranged plan, typically introduces a slightly negative sentiment as it may suggest a belief that the stock is adequately valued or that significant upside is limited in the near term.

Negatives

• The sale of a significant number of shares by a director and 10% owner, even under a pre-arranged plan, can be perceived by the market as a lack of strong conviction in the company's near-term stock price appreciation.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing reports company-specific insider trading activity and does not provide information directly related to broader industry trends or competitive landscape.

Corporate Governance

Related Party Transactions

• The beneficial ownership of shares is held indirectly through CMI Oxbow Partners, LLC, and Oxbow Industries, LLC, where Loren A. Unterseher holds leadership positions (President of CMI Oxbow Partners, LLC and Managing Partner of Oxbow Industries, LLC). This structure represents a related party relationship for beneficial ownership reporting.

Stakeholder Impact

• Shareholders may interpret the insider selling as a negative signal, potentially impacting investor confidence and the company's stock price.

Key Dates

Recommendation

While the sale of shares by a director and 10% owner can be a negative signal, the transactions were executed under a pre-arranged Rule 10b5-1 trading plan, which suggests the decision to sell was made in advance and not necessarily based on new, adverse material information. Investors should monitor future insider activity and company performance, but this filing alone does not warrant a 'sell' recommendation, nor does it provide a 'buy' signal.

Keywords

SkyWater Technology, SKYT, insider trading, Form 4, stock sale, 10b5-1 plan, Loren A. Unterseher, CMI Oxbow Partners, Oxbow Industries