[144/A] SkyWater Technology, Inc SEC Filing

Rhea-AI Filing Summary

SkyWater Technology (SKYT) filed a Form 144/A disclosing a proposed sale of 240,000 common shares to be sold through Needham and Company on 09/18/2025 on NASDAQ, representing about 0.50% of the 48,175,815 shares outstanding. The filing shows acquisition of 7,171,626 shares in SkyWater's 04/21/2012 IPO held in direct ownership with a listed payment date of 04/21/2021. The notice also lists multiple recent disposals by CMI Oxbow Partners, LLC during Aug–Sep 2025 totaling 3,274,182 shares sold for gross proceeds across entries, equal to roughly 6.8% of outstanding shares. The filer certifies no undisclosed material adverse information.

Positive

• Disclosure compliance: The filer provided required Rule 144/A details including broker, dates, quantities, and recent disposals.
• Transparency on acquisition: The filing records the original acquisition in the 04/21/2012 IPO and direct ownership status.

Negative

• Material insider-related selling: Recent disposals total 3,274,182 shares (≈6.8% of outstanding shares) over Aug–Sep 2025, which is sizable.
• Potential market pressure: Aggregate sales in the three-month window materially increase available float and could affect share supply.

Insights

Financial Analyst

TL;DR: Recent insider-related disposals total ~3.27M shares (≈6.8% of outstanding), signaling material selling pressure though the current proposed sale is modest.

The Form 144/A shows a planned sale of 240,000 shares via Needham on 09/18/2025 and documents a series of significant sales by CMI Oxbow Partners, LLC across August and September 2025 aggregating 3,274,182 shares. For investors, the three-month aggregate disposal represents a measurable reduction in insider-held shares versus the company’s 48.2M outstanding shares, which could increase float and liquidity. The planned sale itself is approximately 0.5% of outstanding shares and appears routine under Rule 144 disclosure.

Corporate Governance Expert

TL;DR: The filing is a compliant disclosure of planned and recent sales; the aggregated August–September sales are material and warrant governance attention.

The document documents: (1) long-held shares from the 2012 IPO listed as direct ownership, and (2) aggregated secondary market sales by an affiliated party over several dates in 2025 totaling over 3.27M shares. From a governance perspective, repeated sizable dispositions by related parties merit monitoring for potential signaling about insider liquidity needs or allocation decisions, but the filer affirms no undisclosed material adverse information. The filing follows Rule 144 requirements and includes broker and sale-date details.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Needham and Company LLC 250 Park Avenue, 10th Floor New York NY 10017	240000	3120000.00	48175815	09/18/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	04/21/2012	Initial Public Offering	CMI Aquisition			7171626	04/21/2021	Direct Ownership

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/12/2025	284796	3650352.07
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/12/2025	60969	781465.28
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/13/2025	287454	3553631.07
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/14/2025	217329	2560074.12
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/15/2025	5684	65281.88
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/18/2025	97957	1136379.57
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/21/2025	37979	423253.17
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/22/2025	292628	3359545.02
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/25/2025	243484	2873159.90
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/26/2025	756516	9111403.05
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/27/2025	188041	2276687.60
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/28/2025	311959	3832229.14
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	08/29/2025	60767	734132.20
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	09/09/2025	6218	67582.20
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	09/10/2025	4396	46754.98
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	09/11/2025	229029	2390113.19
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	09/12/2025	188976	1978937.77

144/A: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What shares does SkyWater's Form 144/A propose to sell (SKYT)?

The filing proposes sale of 240,000 common shares via Needham on 09/18/2025, to be executed on NASDAQ.

How many shares were sold by CMI Oxbow Partners, LLC in the past three months?

The filing lists sales totaling 3,274,182 common shares across multiple dates in August–September 2025.

What percentage of SkyWater's outstanding shares were sold in those recent transactions?

The aggregated sales equal approximately 6.8% of the 48,175,815 shares outstanding reported in the filing.

When were the reported shares originally acquired?

The filing shows an acquisition date of 04/21/2012 from the company's Initial Public Offering for 7,171,626 shares held in direct ownership.

Does the filer state any undisclosed material adverse information?

Yes. By signing the form the person represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.