Form 4: SkyWater Technology Director Nancy Fares Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Nancy Fares sold 8,850 shares of SkyWater Technology to cover tax obligations related to vesting restricted stock units.
Summary
- On June 14, 2024, Nancy Fares, a director of SkyWater Technology, Inc., sold 8,850 shares of common stock.
- The sale was executed at a price of $7.967 per share.
- This transaction was to cover statutory tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Fares directly owns 32,073 shares of SkyWater Technology.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company directors and executives.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of transaction: Nancy Fares sold shares of SkyWater Technology. |
| 06/18/2024 | Date of signature on the Form 4 filing. |
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