Form 4: SkyWater Technology Executive Christopher Hilberg Reports Share Disposal to Cover Tax Obligations
SEC Form 4 Filing
Christopher Hilberg, Chief Risk & Compliance Officer of SkyWater Technology, disposed of 564 shares of common stock on February 25, 2025, to cover tax withholding obligations.
Summary
- On February 25, 2025, Christopher Hilberg, the Chief Risk & Compliance Officer of SkyWater Technology, disposed of 564 shares of common stock.
- The disposal was executed to satisfy the issuer's tax withholding obligations related to the vesting of restricted stock units.
- The price per share for the transaction was $8.84.
- Following the transaction, Hilberg directly owns 52,054 shares of SkyWater Technology.
- The transaction was reported on February 27, 2025.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being disposed of by an officer to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of transaction: Disposal of 564 shares of common stock. |
| 02/27/2025 | Date of report filing. |
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