Form 4: SkyWater Technology Director and 10% Owner Sells Over 450,000 Shares

A director and 10% owner of SkyWater Technology, Loren A. Unterseher, along with affiliated entities, reported the sale of 452,891 shares of common stock over three days in late May 2025.

Summary

• Loren A. Unterseher, a Director and 10% Owner of SkyWater Technology, Inc. (SKYT), reported the sale of 452,891 shares of common stock.
• The sales occurred over three consecutive days: May 27, 2025, May 28, 2025, and May 29, 2025.
• On May 27, 2025, 366,418 shares were sold at a weighted average price of $9.5355 per share, with prices ranging from $9.40 to $9.78.
• On May 28, 2025, an additional 86,273 shares were sold at $9.5 per share.
• On May 29, 2025, 200 shares were sold at $9.5 per share.
• The shares were primarily held directly by CMI Oxbow Partners, LLC, where Mr. Unterseher is President, and Oxbow Industries, LLC, which is the majority member of CMI. Mr. Unterseher also directly holds some shares.
• Following these transactions, the beneficial ownership of common stock by the reporting persons, including direct and indirect holdings through various trusts and a spouse, totals approximately 10.57 million shares directly held by CMI Oxbow Partners, LLC, 23,713 shares directly by Mr. Unterseher, and 3 shares directly by Oxbow Industries, LLC, along with significant indirect holdings.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to significant insider selling by a director and 10% owner. However, the impact is somewhat mitigated by the disclosure that the transactions were made pursuant to a Rule 10b5-1 plan, suggesting a pre-scheduled sale rather than a reaction to new negative information.

Positives

• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale plan rather than a reaction to immediate market conditions.

Negatives

• Significant sales of common stock by a director and 10% owner, Loren A. Unterseher, and affiliated entities (CMI Oxbow Partners, LLC and Oxbow Industries, LLC), totaling 452,891 shares.
• Insider selling can sometimes be interpreted by the market as a lack of confidence in the company's future prospects or that the stock price has reached a peak.

Risks

• The market may react negatively to the news of significant insider selling, potentially leading to a decrease in SkyWater Technology's share price.
• Large insider sales could erode investor confidence, especially if not clearly communicated as part of a routine diversification or liquidity plan.

Future Outlook

NA

Industry Context

This Form 4 filing reports routine insider transactions and does not provide information relevant to broader industry trends or competitors.

Related Party Transactions

• The sales of common stock were conducted by Loren A. Unterseher, a Director and 10% Owner, and entities he controls or is affiliated with, specifically CMI Oxbow Partners, LLC and Oxbow Industries, LLC. This constitutes related party transactions as the sales are by individuals and entities closely tied to the company's governance and ownership structure.

Stakeholder Impact

• Shareholders: May interpret the insider sales as a negative signal, potentially impacting investor confidence and the stock price.
• Employees, Customers, Suppliers, Creditors: Unlikely to be directly impacted by this specific type of filing, as it pertains to ownership changes rather than operational or financial performance.

Key Dates

Recommendation

Keywords

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