Form 4: SkyWater Technology COO Sells Shares to Cover Tax Obligations

SkyWater Technology's President and COO, John Sakamoto, sold 13,273 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• John Sakamoto, President and COO of SkyWater Technology, sold 13,273 shares of common stock on November 27, 2024.
• The sale was executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at a weighted average price of $8.11, with individual transactions ranging from $8.00 to $8.19.
• Following the transaction, Sakamoto directly owns 105,285 shares of SkyWater Technology common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 13,273 shares is not unusual for an executive at this level.
• The price range of $8.00 to $8.19 is within the expected trading range for SkyWater Technology stock.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

SkyWater Technology, stock sale, insider trading, Form 4, John Sakamoto, restricted stock units, tax obligations