Form 4: SkyWater Technology Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Gregory B Graves sold 5,432 shares of SkyWater Technology stock on May 21, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 21, 2024, Gregory B Graves, a director of SkyWater Technology, Inc., sold 5,432 shares of common stock.
- The sale was executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
- The shares were sold at a weighted average price of $8.1026, with individual transactions ranging from $8.1000 to $8.1200.
- Following the transaction, Graves directly owns 14,844 shares of SkyWater Technology stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of stock to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and directors.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of the stock sale transaction. |
| 05/23/2024 | Date of signature on the Form 4 filing. |
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