Form 4: SkyWater Technology Director Joseph Humke Granted Restricted Stock Units

SkyWater Technology, Inc. Director Joseph J. Humke was granted 11,428 restricted stock units, increasing his beneficial ownership to 23,713 shares.

Summary

• Joseph J. Humke, a Director of SkyWater Technology, Inc. (SKYT), acquired 11,428 shares of Common Stock on May 21, 2025.
• This acquisition was a grant of restricted stock units (RSUs) at a price of $8.75 per unit, which represents the valuation for accounting purposes.
• Following this transaction, Mr. Humke beneficially owns a total of 23,713 shares of Common Stock directly.
• The RSUs are contingent on Mr. Humke's continued service and will vest on the date immediately preceding the next annual meeting of the Issuer's stockholders.

Sentiment

Score: 7

Explanation: The grant of RSUs to a director is generally a positive or neutral event, aligning interests and indicating continued commitment. It's a standard compensation practice.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Joseph J. Humke aligns his interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
• An increase in insider ownership, even through grants, can signal confidence in the company's future prospects and long-term commitment from leadership.

Risks

• The vesting of the RSUs is contingent on the reporting person's continued service, meaning the shares are not fully owned until the vesting conditions are met.

Future Outlook

The vesting of the granted restricted stock units is tied to the date immediately preceding the next annual meeting of SkyWater Technology, Inc.'s stockholders, contingent on the director's continued service.

Industry Context

This transaction represents a standard form of equity compensation for directors in the semiconductor and technology manufacturing industry, aiming to incentivize long-term commitment and align management interests with shareholder value.

Related Party Transactions

• The grant of restricted stock units to Joseph J. Humke, a Director, constitutes a related party transaction as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with shareholder value creation, as the value of the grant is tied to the company's stock performance.
• Employees: While not directly impacting general employees, such compensation practices for leadership can influence overall compensation strategies and morale.
• Creditors/Suppliers/Customers: No direct impact on these stakeholders from this specific transaction.

Next Steps

• The granted restricted stock units are scheduled to vest on the date immediately preceding the next annual meeting of the Issuer's stockholders, provided the reporting person continues service.

Key Dates

Keywords

SkyWater Technology, SKYT, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, Equity Compensation, Beneficial Ownership