Form 4: SkyWater Technology Director Timothy Baxter Acquires 11,428 Shares Through RSU Grant

SkyWater Technology, Inc. Director Timothy E. Baxter has acquired 11,428 shares of common stock through a restricted stock unit grant on May 21, 2025, as reported in a recent SEC Form 4 filing.

Summary

• Timothy E. Baxter, a Director of SkyWater Technology, Inc. (SKYT), acquired 11,428 shares of common stock.
• The acquisition occurred on May 21, 2025, at a price of $8.75 per share.
• The shares were acquired as a grant of restricted stock units (RSUs).
• Following this transaction, Mr. Baxter beneficially owns 11,428 shares directly.
• The RSUs are contingent on Mr. Baxter's continued service and will vest on the date immediately preceding the next annual meeting of the Issuer's stockholders.

Sentiment

Score: 7

Explanation: The sentiment is positive as an insider (director) is increasing their stake in the company through an equity grant, which generally signals confidence and aligns management's interests with shareholders. While not a direct cash purchase, it still represents a commitment.

Positives

• The grant of restricted stock units to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The acquisition increases the director's direct beneficial ownership in the company, signaling confidence in its future.

Negatives

• The acquisition is a grant of restricted stock units rather than an open market purchase, which, while still positive, does not represent a direct cash investment by the director.

Future Outlook

The restricted stock units granted to Director Timothy E. Baxter are designed to vest on the date immediately preceding the next annual meeting of SkyWater Technology's stockholders, contingent upon his continued service, indicating a future commitment and alignment of interests.

Management Comments

• Timothy E. Baxter, a Director of SkyWater Technology, Inc., acquired 11,428 shares as part of an RSU grant, demonstrating continued alignment with shareholder interests and commitment to the company's long-term performance.

Industry Context

Insider equity grants are a common form of executive and director compensation across various industries, including the semiconductor and technology sectors. Such grants aim to incentivize long-term performance and align the interests of leadership with those of shareholders, a practice widely observed in publicly traded companies.

Related Party Transactions

• The acquisition of 11,428 shares by Director Timothy E. Baxter through a restricted stock unit grant constitutes a related party transaction, as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the company's stock performance, potentially benefiting shareholders through improved governance and strategic decisions aimed at increasing shareholder value.
• Employees: While not directly impacting all employees, such grants are part of a broader compensation philosophy that can influence morale and retention of key personnel.

Next Steps

• The restricted stock units granted to Timothy E. Baxter are expected to vest on the date immediately preceding the next annual meeting of SkyWater Technology's stockholders, provided his continued service.

Key Dates

Keywords

SkyWater Technology, SKYT, Timothy Baxter, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, Equity Grant, Semiconductor