Form 4: SkyWater Technology Director Sells Over 9,000 Shares in Open Market Transactions

Loren A. Unterseher, a Director and 10% owner of SkyWater Technology, Inc., reported the sale of 9,063 shares of common stock across two transactions in early June 2025.

Summary

• Loren A. Unterseher, a Director and 10% owner of SkyWater Technology, Inc. (SKYT), reported two open market sales of common stock.
• On June 4, 2025, 5,919 shares were sold at a price of $9.50 per share.
• On June 6, 2025, an additional 3,144 shares were sold at a price of $9.35 per share.
• The total number of shares sold across both transactions is 9,063.
• Following these transactions, the direct beneficial ownership by CMI Oxbow Partners, LLC (where Mr. Unterseher is President) is 10,564,829 shares.
• Mr. Unterseher also directly owns 23,713 shares and has various indirect beneficial ownerships through trusts and a spouse.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to insider selling by a director and 10% owner, which can be interpreted as a lack of confidence or a belief that the stock is fully valued. However, the amount sold is a small fraction of the total beneficial ownership, mitigating a strong negative signal.

Negatives

• A Director and 10% owner, Loren A. Unterseher, sold a total of 9,063 shares of common stock in open market transactions.
• Insider selling can sometimes be interpreted as a lack of confidence in the company's short-term prospects or that the stock price has reached a favorable level for the insider.

Risks

• Potential negative market perception due to insider selling by a significant shareholder and director.
• The sales occurred at prices of $9.50 and $9.35, which could indicate a perceived ceiling or fair value by the insider.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• Loren A. Unterseher is President of CMI Oxbow Partners, LLC and Managing Partner of Oxbow Industries, LLC, which is the majority member of CMI.
• CMI Oxbow Partners, LLC directly holds a significant portion of the shares (10,564,829 shares) for which Mr. Unterseher may be deemed a beneficial owner.
• Oxbow Industries, LLC directly holds 3 shares.
• Mr. Unterseher also has indirect beneficial ownership through a 2023 grantor retained annuity trust, trusts for the benefit of his son and daughter, his spouse, a family irrevocable trust, a 2024 grantor retained annuity trust, and a revocable trust.

Stakeholder Impact

• Shareholders: Insider selling by a director and significant owner might lead to concerns about the company's future prospects or valuation, potentially influencing investor sentiment and stock price.

Key Dates

Recommendation

Keywords

SkyWater Technology, SKYT, Form 4, Insider Trading, Stock Sale, Loren A. Unterseher, Director, 10% Owner, SEC Filing, Beneficial Ownership