Form 4: SkyWater Technology Director and 10% Owner Sells Over 118,000 Shares

A director and 10% owner of SkyWater Technology, Inc. (SKYT), Loren A. Unterseher, along with affiliated entities, reported the sale of 118,121 shares of common stock over three days in June 2025.

Summary

• Loren A. Unterseher, a Director and 10% Owner of SkyWater Technology, Inc. (SKYT), and affiliated entities CMI Oxbow Partners, LLC and Oxbow Industries, LLC, reported the sale of common stock.
• A total of 118,121 shares were sold in open market transactions between June 9, 2025, and June 11, 2025.
• On June 9, 2025, 17,136 shares were sold at a weighted average price of $9.3561 per share.
• On June 10, 2025, 33,640 shares were sold at a weighted average price of $9.3609 per share.
• On June 11, 2025, 67,345 shares were sold at a weighted average price of $9.4413 per share.
• Following these transactions, CMI Oxbow Partners, LLC directly holds 10,446,708 shares of common stock.
• Mr. Unterseher directly owns 23,713 shares and indirectly holds additional shares through various trusts and a spouse, including 2,480,746 shares via a 2023 grantor retained annuity trust, 230,580 shares via a trust for benefit of son (listed twice), 230,579 shares via a trust for benefit of daughter (listed twice), 52,317 shares via spouse, 531,283 shares via a family irrevocable trust, 1,229,864 shares via a 2024 grantor retained annuity trust, and 2 shares via a revocable trust.
• Mr. Unterseher disclaims beneficial ownership of shares held by CMI Oxbow Partners, LLC and Oxbow Industries, LLC, except to the extent of any pecuniary interest therein.

Sentiment

Score: 3

Explanation: The sentiment is moderately negative due to significant insider selling by a director and 10% owner, which can be interpreted by the market as a lack of confidence or a belief that the stock is overvalued.

Negatives

• The sale of a significant number of shares by a director and 10% owner may be perceived negatively by investors, potentially signaling a lack of confidence in the company's near-term prospects or that the stock is fully valued.
• Insider selling can sometimes put downward pressure on the stock price.

Risks

• The market's interpretation of insider selling could lead to negative investor sentiment and potential stock price volatility.
• While the filing does not state the reason for the sales, if driven by a negative outlook on the company, it could indicate undisclosed risks.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• Mr. Unterseher is President of CMI Oxbow Partners, LLC and Managing Partner of Oxbow Industries, LLC, which is the majority member of CMI. As a result, he may be deemed to be the beneficial owner of, and to have a pecuniary interest in, such shares of Common Stock.
• Mr. Unterseher disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest therein.

Industry Context

This Form 4 filing reports insider transactions and does not provide information for an analysis of broader industry trends or competitors. SkyWater Technology operates in the semiconductor manufacturing industry, specifically as a pure-play foundry.

Related Party Transactions

• The reported sales of common stock were conducted by Loren A. Unterseher, a Director and 10% Owner, and entities (CMI Oxbow Partners, LLC and Oxbow Industries, LLC) with which he is affiliated, making these related party transactions as per SEC regulations for insider reporting.

Stakeholder Impact

• Shareholders may view the insider selling negatively, potentially leading to decreased investor confidence and a re-evaluation of their holdings.
• The market's reaction to these sales could impact the company's stock price, affecting all shareholders.

Key Dates

Recommendation

Keywords

SkyWater Technology, SKYT, Form 4, Insider Trading, Stock Sale, Beneficial Ownership, Director, 10% Owner, Semiconductor, Foundry