Form 4: SkyWater Technology Director Loren A. Unterseher Sells Shares in Multiple Transactions

Director Loren A. Unterseher, along with related entities, sold SkyWater Technology (SKYT) shares in multiple transactions between March 5th and March 7th, 2024.

Summary

• Loren A. Unterseher, a director and 10% owner of SkyWater Technology, Inc. (SKYT), has reported the sale of common stock in a series of transactions.
• The sales occurred between March 5, 2024, and March 7, 2024.
• On March 5, 2024, 10,520 shares were sold at a weighted average price of $11.5038 per share.
• On March 6, 2024, 50,771 shares were sold at a weighted average price of $11.565 per share.
• On March 7, 2024, 360,181 shares were sold at a weighted average price of $12.1295 per share.
• An additional 8,528 shares were sold on March 7, 2024, at a weighted average price of $12.5047.
• Following these transactions, Unterseher directly owns 32,150 shares and Oxbow Industries, LLC directly holds 3 shares.
• Unterseher also indirectly owns shares through various trusts, including a grantor retained annuity trust (3,710,610 shares), trusts for the benefit of his sons (184,891 shares each), trusts for the benefit of his daughters (184,890 shares each), his spouse (50,904 shares), a revocable trust (229,451 shares), and a family irrevocable trust (363,670 shares).

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the insider selling activity, which could indicate a lack of confidence or a strategic portfolio adjustment. However, without further context, it's difficult to assess the full impact.

Negatives

• A director and significant shareholder is selling a substantial number of shares, which could be interpreted negatively by the market.

Risks

• Continued selling pressure from the director could negatively impact the stock price.
• The market may interpret these sales as a lack of confidence in the company's future prospects.

Industry Context

Insider sales are a common occurrence, but the market often scrutinizes them for signals about a company's prospects. Large sales by insiders can sometimes raise concerns, especially if they occur frequently or coincide with other negative news.

Stakeholder Impact

• Shareholders may react negatively to the news of a director selling a significant number of shares.
• The stock price could experience downward pressure in the short term.

Key Dates