Form 4: SkyWater Technology CFO Steve Manko Reports Share Transactions
SEC Form 4 Filing
SkyWater Technology's CFO, Steve Manko, reports the withholding of shares for tax obligations and a purchase under the employee stock purchase plan.
Summary
- On March 15, 2024, SkyWater Technology CFO Steve Manko reported a transaction involving common stock.
- 2,251 shares were withheld to cover tax obligations related to vesting restricted stock units at a price of $10.14.
- Following the transaction, Manko beneficially owns 352,212 shares.
- Manko also purchased 2,070 ordinary shares on March 1, 2024, under the Issuer's Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports routine transactions. No strong positive or negative implications.
Positives
- The CFO's participation in the Employee Stock Purchase Plan indicates confidence in the company's future.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about insider transactions, contributing to market transparency.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Reporting Person purchased Ordinary Shares under the Issuer's Employee Stock Purchase Plan |
| 03/15/2024 | Date of transaction: Shares withheld to cover tax obligations related to vesting restricted stock units. |
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