Form 4: SkyWater Technology Insider Sells Shares in Multiple Transactions

Loren A. Unterseher, a director and 10% owner of SkyWater Technology, sold a significant number of shares in multiple transactions between February 29, 2024, and March 4, 2024.

Summary

• Loren A. Unterseher, a director and 10% owner of SkyWater Technology, Inc. (SKYT), has reported the sale of common stock in a series of transactions.
• On February 29, 2024, Mr. Unterseher sold 117,989 shares at a weighted average price of $11.6881 per share.
• On March 1, 2024, he sold 139,190 shares at a weighted average price of $11.6725 per share.
• On March 4, 2024, he sold 187,810 shares at a weighted average price of $11.8824 per share.
• Following these transactions, Mr. Unterseher directly owns 32,150 shares and Oxbow Industries, LLC directly holds 3 shares.
• He also has indirect ownership through various trusts, including a grantor retained annuity trust (3,710,610 shares), trusts for the benefit of his sons (184,891 shares each), trusts for the benefit of his daughters (184,890 shares each), his spouse (50,904 shares), a revocable trust (229,451 shares), and a family irrevocable trust (363,670 shares).

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the insider selling a significant number of shares. While not inherently bad, it can create uncertainty among investors.

Negatives

• A director and significant shareholder is selling a substantial number of shares, which could be interpreted negatively by the market.

Risks

• Continued selling pressure from Mr. Unterseher or related entities could negatively impact the stock price.
• The market may interpret these sales as a lack of confidence in the company's future prospects.

Industry Context

Insider selling is a common occurrence, but the market often scrutinizes the timing and magnitude of such transactions for signals about a company's prospects relative to its peers.

Stakeholder Impact

• Shareholders may react to the insider selling, potentially impacting the stock price.
• Employees may be concerned about the reasons behind the insider's decision to sell shares.

Key Dates