[144] SkyWater Technology, Inc SEC Filing

Rhea-AI Filing Summary

SkyWater Technology (SKYT) disclosure shows a proposed sale of 240,000 common shares through Needham & Company with an aggregate market value of $3,120,000, against reported outstanding shares of 48,175,815. The securities were originally acquired in the company's IPO on 04/21/2021, with the filer reporting 7,171,626 shares acquired then as direct ownership. The filing also lists multiple sales by CMI Oxbow Partners, LLC over Aug–Sep 2025 totaling substantial volumes and proceeds, including a single large sale of 756,516 shares reporting $911,140,305 gross proceeds. By signing, the seller represents no undisclosed material adverse information and confirms compliance with Rule 144 representations.

Positive

• Clear compliance disclosure of proposed sale under Rule 144 via named broker (Needham & Company)
• Acquisition source disclosed as IPO on 04/21/2021 with direct ownership, aiding transparency

Negative

• Substantial insider dispositions listed in Aug–Sep 2025, including 756,516 shares with reported proceeds of $911,140,305, which may materially reduce insider holdings
• Concentration of recent sales over a short period may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: Large, disclosed insider sales reduce insider shareholdings but comply with Rule 144 reporting; material size warrants attention.

The notice documents a planned sale of 240,000 shares via Needham and a series of recent secondary-market dispositions by CMI Oxbow Partners, LLC across August and September 2025. The filing confirms these shares were acquired in the IPO on 04/21/2021 and held as direct ownership. The reported volumes and gross proceeds—particularly a reported single sale of 756,516 shares with $911,140,305 proceeds—are sizeable relative to the stated outstanding share count of 48.18 million and may meaningfully change beneficial ownership percentages. The filing itself is a routine compliance disclosure under Rule 144, providing transparency into insider liquidity events.

Corporate Governance Expert

TL;DR: The filing is procedurally complete and affirms the seller's representation of no material nonpublic information.

The document presents required details: class of security, broker, share quantities, acquisition source (IPO), and a schedule of recent dispositions by CMI Oxbow Partners, LLC. The signer attests there is no undisclosed material adverse information, which is standard and important for Rule 144 compliance. From a governance perspective, the frequency and scale of recent sales are notable for stakeholder transparency; the filing does not state any trading plan dates or other governance actions beyond the required attestation.

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	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: 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			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: 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	911140305.00
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: 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 is the proposed sale size disclosed in the SKYT Form 144?

The filing proposes sale of 240,000 common shares with an aggregate market value of $3,120,000 via Needham & Company.

How many shares did the filer report acquiring in the IPO?

The filer reports acquiring 7,171,626 shares on 04/21/2021 in the company's Initial Public Offering.

Who sold shares during the past three months according to the filing?

The filing lists multiple sales by CMI Oxbow Partners, LLC across Aug–Sep 2025 with specific quantities and gross proceeds.

What outstanding share count does the filing show for SKYT?

The filing reports 48,175,815 shares outstanding.

Does the filer attest to any undisclosed material information?

Yes. By signing the notice the person represents they do not know any material adverse information