Form 4: SkyWater Technology Director Leong Chunyi (Amy) Reports Acquisition and Disposal of Common Stock

Director Leong Chunyi (Amy) of SkyWater Technology, Inc. reports acquiring and disposing of common stock and receiving restricted stock units.

Summary

• On May 22, 2024, Leong Chunyi (Amy), a director of SkyWater Technology, Inc., reported a transaction involving the company's common stock.
• Leong acquired 12,285 shares of common stock.
• Leong also disposed of 40,923 shares of common stock.
• Additionally, Leong was granted restricted stock units (RSUs) which vest on the date immediately preceding the next annual meeting of the Issuer's stockholders, contingent on continued service.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency.

Positives

• The grant of RSUs to a director aligns their interests with the long-term performance of the company.

Future Outlook

The RSUs vest on the date immediately preceding the next occurring annual meeting of the Issuer's stockholders, contingent on the reporting person's continued service on such vesting date.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• Shareholders are informed about the transactions of company insiders, which can influence investor sentiment.

Key Dates