SkyWater director granted 5,738 RSUs

Baxter Timothy E reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Baxter Timothy E reported acquisition or exercise transactions in this Form 4 filing.

SkyWater Technology director Timothy E. Baxter received an equity award of 5,738 shares of Common Stock in the form of restricted stock units (RSUs). The RSUs were granted at no cash cost to him and are part of his director compensation.

The footnote explains that these RSUs will vest on the date immediately preceding SkyWater Technology’s next annual meeting of stockholders, as long as Baxter continues to serve through that vesting date. After this award, he directly holds a total of 17,166 shares of SkyWater Technology common stock.

Insider Trade Summary

Grant/Award: 5,738 shares

Grant/Award 1 txn

Insider Baxter Timothy E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,738	$0.00	$0.00

Holdings After Transaction: Common Stock — 17,166 shares (Direct)

Footnotes (1)

1. F1. Represents a grant of restricted stock units ("RSUs"). The RSUs vest on the date immediately preceding the next occurring annual meeting of the Issuer's stockholders, contingent on the reporting person's continued service on such vesting date.

Key Figures

RSU grant size: 5,738 shares Grant price: $0.00 per share Post-transaction holdings: 17,166 shares +3 more

6 metrics

RSU grant size 5,738 shares Restricted stock units granted to director on 2026-06-10

Grant price $0.00 per share Reported transaction price for RSU grant

Post-transaction holdings 17,166 shares Total common stock directly owned after grant

Transaction code A Grant, award, or other acquisition of non-derivative security

Transaction direction acquire Form 4 normalized transaction_direction field

Vesting condition Next annual meeting RSUs vest immediately before next annual meeting, subject to service

Key Terms

restricted stock units ("RSUs"), annual meeting of the Issuer's stockholders, transaction code "A", grant, award, or other acquisition

4 terms

restricted stock units ("RSUs") financial

"Represents a grant of restricted stock units ("RSUs")."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

annual meeting of the Issuer's stockholders regulatory

"The RSUs vest on the date immediately preceding the next occurring annual meeting of the Issuer's stockholders"

transaction code "A" regulatory

"transaction_code_description": "Grant, award, or other acquisition"

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SkyWater Technology (SKYT) director Timothy E. Baxter report in this Form 4?

Timothy E. Baxter reported receiving 5,738 shares of SkyWater Technology common stock as a restricted stock unit grant. The award is part of his director compensation and increases his direct holdings to 17,166 shares after the transaction.

How many SkyWater Technology (SKYT) shares did Timothy E. Baxter acquire in this grant?

He acquired 5,738 shares in the form of restricted stock units. These RSUs represent a stock-based compensation award rather than an open-market purchase and were granted at no cash cost per share according to the Form 4 details.

When do Timothy E. Baxter’s SkyWater Technology (SKYT) RSUs vest?

The RSUs vest on the date immediately preceding SkyWater Technology’s next annual meeting of stockholders. Vesting is contingent on Baxter’s continued service as a director through that vesting date, as described in the Form 4 footnote.

Is Timothy E. Baxter’s SkyWater Technology (SKYT) Form 4 transaction an open-market buy or a grant?

The filing shows a grant of restricted stock units, coded as an acquisition under transaction code “A.” It is a compensation-related equity award, not an open-market stock purchase, and carries a reported price of $0.00 per share.

What are Timothy E. Baxter’s total SkyWater Technology (SKYT) share holdings after this Form 4?

After the RSU grant, Baxter’s direct ownership totals 17,166 shares of SkyWater Technology common stock. This figure includes the newly granted 5,738 restricted stock units reported in the Form 4 transaction summary.

What conditions apply to Timothy E. Baxter’s SkyWater Technology (SKYT) RSU award?

The RSUs vest only if Baxter continues serving as a director through the vesting date. That date is defined as the day immediately before SkyWater Technology’s next annual meeting of stockholders, according to the Form 4 footnote explanation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/12/2026 - 05:08 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Baxter Timothy E

(Last) (First) (Middle)

2401 E STREET

(Street)

BLOOMINGTON MINNESOTA 55425

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SkyWater Technology, Inc [ SKYT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/10/2026		A(1)		5,738	A	$0	17,166	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a grant of restricted stock units ("RSUs"). The RSUs vest on the date immediately preceding the next occurring annual meeting of the Issuer's stockholders, contingent on the reporting person's continued service on such vesting date.

Remarks:

	/s/ Christopher Hilberg, Attorney-in-Fact	06/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)