Form 4: SkyWater Technology Executive Sells Shares to Cover Tax Obligations

SkyWater Technology's Chief Risk & Compliance Officer, Christopher Hilberg, sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• Christopher Hilberg, Chief Risk & Compliance Officer at SkyWater Technology, sold a total of 2,545 shares of common stock on December 11, 2024.
• The shares were sold at a price of $9.23 per share.
• These transactions were to cover tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Hilberg directly owns 38,194 shares of SkyWater Technology common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, and is common for publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 2,545 shares is not unusual for an executive at SkyWater Technology.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

SkyWater Technology, insider trading, stock sale, Form 4, executive, tax obligations, restricted stock units, SKYT