Form 4: SkyWater Technology Insider Sells Shares on August 23, 2024

Loren A. Unterseher, a director and 10% owner of SkyWater Technology, Inc., sold 2,673 shares of common stock at an average price of $10.0019 on August 23, 2024.

Summary

• On August 23, 2024, Loren A. Unterseher, a director and 10% owner of SkyWater Technology, Inc. (SKYT), sold 2,673 shares of common stock.
• The sale was executed at a weighted average price of $10.0019 per share, with individual sale prices ranging from $10.00 to $10.02.
• Following the transaction, Mr. Unterseher directly owns 44,435 shares.
• Mr. Unterseher 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: 5

Explanation: This is a neutral disclosure of an insider stock sale. The sentiment is neither particularly positive nor negative as it's a routine regulatory filing.

Industry Context

Form 4 filings are a routine part of the US market and are required by the SEC to ensure transparency when company insiders trade their own company's stock. It allows the public to see if company directors and 10% owners are buying or selling shares.

Stakeholder Impact

• The sale of shares by a major shareholder could potentially create short-term uncertainty among investors.

Key Dates