[144] SkyWater Technology, Inc. SEC Filing

Rhea-AI Filing Summary

SkyWater Technology's Form 144 discloses a proposed sale of 1,000,000 common shares through Needham and Company on 08/12/2025 with an aggregate market value of $13,550,000.00. The filing identifies 48,175,815 shares outstanding and shows the securities were originally acquired in SkyWater's IPO on 04/21/2021 from CMI Acquisition, with the filer holding 27,119,077 shares at acquisition as direct ownership.

The filing also lists multiple sales by the same account and related parties in recent months, including a block of 284,796 shares on 08/12/2025 generating $11,160,832.00 and several earlier disposals. The signer attests they are not aware of undisclosed material adverse information and includes the Rule 144 attestation language required by the form.

Positive

• The filing provides clear Rule 144 disclosure including broker, planned sale date, and aggregate market value, enhancing market transparency.
• Securities were acquired in the issuer's IPO on 04/21/2021 and the filing states direct ownership, which clarifies the holder's acquisition history.

Negative

• The filer lists a proposed sale of 1,000,000 shares with aggregate market value of $13,550,000.00, which is a sizeable transaction to be executed in the market.
• Multiple recent sales by CMI Oxbow Partners and related parties are disclosed, including 284,796 shares on 08/12/2025 for $11,160,832.00 and 366,418 shares on 05/27/2025 for $3,486,656.56, indicating ongoing dispositions.

Insights

Securities Analyst

TL;DR: Significant insider disposals disclosed; proposed sale equals 1,000,000 shares for $13.55M, with multiple recent sales shown.

The Form 144 is a routine Rule 144 disclosure but shows sizable dollar amounts being sold through an underwriter, which provides market transparency on potential selling pressure. The filing explicitly lists the planned sale of 1,000,000 common shares via Needham on 08/12/2025 and multiple prior disposals by CMI Oxbow Partners and related parties. For traders and liquidity managers, these explicit sale notices clarify share supply being offered publicly without adding speculative commentary.

Corporate Governance Expert

TL;DR: Filing follows Rule 144 disclosure format and includes the required attestation about material nonpublic information.

The submission contains the standard attestation that the filer does not possess undisclosed material adverse information and documents the acquisition date (04/21/2021) and nature of acquisition (IPO). It identifies the broker, transaction date, and aggregate market value, aligning with Rule 144 disclosure requirements. The record of multiple recent sales demonstrates disclosure compliance; the form does not reference a trading plan or 10b5-1 instruction date.

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

144: Filer Information

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

144: 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: 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	1000000	13550000.00	48175815	08/12/2025	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: 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	04/21/2021	Initial Public Offering	CMI Acquisition			27119077	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: 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	11160832.00
Loren Unterseher 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	06/12/2025	900	8196.03
CMI Oxbow Partners, LLC 4450 Excelsior Blvd, STE 440 St Louis Park MN 55416	Common	06/11/2025	67345	634477.45
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	06/10/2025	33640	314227.88
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	06/09/2025	17136	159983.41
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	06/06/2025	3144	29333.52
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	06/04/2025	5919	56112.12
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	05/29/2025	200	1896.00
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	05/28/2025	86273	817868.04
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	05/27/2025	366418	3486656.56
CMI Oxbow Partners, LLC 4450 Excelsior Blvd STE 440 St Louis Park MN 55416	Common	05/22/2025	134049	1258411.80

144: Remarks and Signature

Remarks

Date of Notice

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 does SkyWater's (SKYT) Form 144 disclose?

The Form 144 discloses a proposed sale of 1,000,000 common shares via Needham on 08/12/2025 with an aggregate market value of $13,550,000.00.

Who is selling the SkyWater (SKYT) shares reported on Form 144?

The filing identifies sales by CMI Oxbow Partners, LLC and related parties; the acquisition source is listed as CMI Acquisition from the IPO dated 04/21/2021.

How many SkyWater shares are outstanding according to the filing?

The Form 144 lists 48,175,815 shares outstanding for the issuer.

Does the filing include recent prior sales?

Yes. The filing lists multiple sales in the prior months, for example 284,796 shares on 08/12/2025 for $11,160,832.00 and other disposals in May and June 2025.

Was the ownership acquired in a public offering?

Yes. The securities to be sold were acquired in an Initial Public Offering on 04/21/2021 and are listed as direct ownership.