Form 4: SkyWater Technology CEO Thomas Sonderman Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
CEO Thomas Sonderman of SkyWater Technology reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 17, 2025, SkyWater Technology CEO Thomas Sonderman had 10,191 shares of common stock withheld to satisfy the company's tax withholding obligations.
- The shares were withheld at a price of $8.42 per share.
- Following the transaction, Sonderman beneficially owns 580,423 shares of SkyWater Technology common stock directly.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and share ownership.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of share withholding transaction. |
| 03/19/2025 | Date of signature on the Form 4 filing. |
Keywords
SkyWater Technology, Thomas Sonderman, CEO, Form 4, Share Withholding, Tax Obligations, Restricted Stock Units, Beneficial Ownership, SKYT
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