4/A: SkyWater Technology Insider Filing Correction

Chief Risk & Compliance Officer Christopher Hilberg filed an amendment to correct clerical errors regarding share withholding for tax obligations.

Summary

• This Form 4/A corrects clerical errors from an original filing dated December 13, 2024.
• The amendment adjusts the number of shares withheld by SkyWater Technology to satisfy tax obligations related to the vesting of restricted stock units.
• The number of shares withheld was corrected from 712 to 217 for one transaction and from 1,833 to 866 for another.
• As a result of these corrections, the reported beneficial ownership of common stock has been updated to 39,656 shares.
• The filing notes that subsequent Form 4 filings made between February 2025 and March 2026 understated the reporting person's beneficial ownership by 1,462 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative event; while the correction is necessary for compliance, it highlights a lapse in reporting accuracy over an extended period.

Positives

• The filing proactively corrects historical clerical errors to ensure accurate reporting of beneficial ownership.

Negatives

• The filing highlights a series of reporting errors that persisted across multiple subsequent filings from February 2025 through March 2026.

Risks

• Potential for administrative scrutiny regarding the accuracy of historical Section 16 filings.

Future Outlook

No forward-looking guidance provided in this administrative filing.

Management Comments

• The filing is being submitted solely to correct clerical errors in the original Form 4 filed on December 13, 2024.

Industry Context

StockSavvy.ai notes that while administrative amendments are common, the persistence of the error across multiple filings over 15 months suggests a need for improved internal controls regarding Section 16 compliance.

Comparison to Industry Standards

• Standard practice for public company executives involves rigorous review of Section 16 filings to prevent cumulative reporting errors.
• The correction of historical data is a standard regulatory requirement to maintain transparency in insider ownership.

Stakeholder Impact

• Shareholders are provided with accurate data regarding insider ownership levels.

Next Steps

• No further actions mentioned.

Key Dates

Keywords

SkyWater Technology, SKYT, Insider Trading, Form 4/A, Beneficial Ownership, SEC Filing