Form 4: SkyWater Technology Director and 10% Owner Reports Sale of Shares

A director and 10% owner of SkyWater Technology, Inc. reported the sale of 900 shares of common stock at an average price of $9.1267 per share.

Summary

• Loren A. Unterseher, a Director and 10% Owner of SkyWater Technology, Inc. (SKYT), reported the sale of 900 shares of common stock.
• The transaction occurred on June 12, 2025, at a weighted average price of $9.1267 per share, with individual sale prices ranging from $9.12 to $9.13 per share.
• Following this transaction, Mr. Unterseher, along with related entities CMI Oxbow Partners, LLC and Oxbow Industries, LLC, beneficially owns a total of 15,767,554 shares of common stock.
• This total includes 10,445,808 shares held directly by CMI Oxbow Partners, LLC (where Mr. Unterseher disclaims beneficial ownership except for pecuniary interest), 3 shares held directly by Oxbow Industries, LLC, and 23,713 shares held directly by Mr. Unterseher.
• Additionally, Mr. Unterseher has indirect beneficial ownership of 5,298,030 shares through various trusts, including 2023 and 2024 grantor retained annuity trusts, trusts for the benefit of his son and daughter, a spouse's holding, a family irrevocable trust, and a revocable trust.

Sentiment

Score: 4

Explanation: The sale of shares by a director and 10% owner, while a small percentage of total holdings, generally carries a negative sentiment as it can signal a lack of confidence or a desire to diversify.

Positives

• Despite the sale, the reporting persons, including Loren A. Unterseher and associated entities, retain a substantial beneficial ownership of 15,767,554 shares, indicating a continued significant stake in SkyWater Technology, Inc.

Negatives

• The sale of shares by a director and 10% owner, even a relatively small amount (900 shares), can be perceived negatively by the market as a signal of reduced confidence or a desire for diversification.

Risks

• Potential negative market perception and investor sentiment due to insider selling, which could put downward pressure on the company's stock price.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The reporting person, Loren A. Unterseher, has indirect beneficial ownership through various entities including CMI Oxbow Partners, LLC, Oxbow Industries, LLC, 2023 and 2024 grantor retained annuity trusts, trusts for the benefit of his son and daughter, a spouse's holding, a family irrevocable trust, and a revocable trust. While these are related parties in terms of ownership structure, the reported transaction is a sale of common stock on the open market, not a direct related party business transaction.

Stakeholder Impact

• Shareholders may perceive the insider sale as a negative signal, potentially leading to decreased investor confidence or downward pressure on the stock price.

Key Dates

Recommendation

Keywords

SkyWater Technology, SKYT, Form 4, Insider Trading, Stock Sale, Director, 10% Owner, Loren A. Unterseher, CMI Oxbow Partners, Oxbow Industries, Beneficial Ownership