[Form 4] SkyWater Technology, Inc. Insider Trading Activity
Rhea-AI Filing Summary
SkyWater Technology, Inc. (SKYT) Form 4 details multiple insider sales by Loren A. Unterseher. Mr. Unterseher, identified as a director and 10% owner and affiliated with CMI Oxbow Partners, LLC and Oxbow Industries, LLC, executed three blocks of sales in August 2025. On 08/21/2025 he sold 37,979 shares at a weighted average price of $11.1644, reducing reported beneficial holdings to 9,453,640 shares. On 08/22/2025 he sold 292,628 shares at $11.5006 (weighted average), reducing holdings to 9,161,012 shares. On 08/25/2025 he sold 243,484 shares at $11.8202 (weighted average), reducing holdings to 8,917,528 shares. The filing discloses numerous indirect holdings through trusts and affiliated entities and includes explanatory notes on pricing ranges and ownership disclaimers.
Positive
- None.
Negative
- Insider dispositions: Aggregate sale of 574,091 shares on 08/21/2025, 08/22/2025 and 08/25/2025 at weighted averages $11.1644, $11.5006 and $11.8202 respectively.
- Decline in reported beneficial ownership: Reported holdings fell to 8,917,528 shares after the August 25, 2025 transaction.
- Concentration of ownership via affiliates: Significant holdings are held indirectly by CMI Oxbow Partners, LLC, Oxbow Industries, LLC and multiple trusts, which may complicate assessment of direct insider intentions.
Insights
TL;DR: Significant insider selling occurred over three days in August 2025, materially reducing reported beneficial ownership.
The Form 4 shows aggregate open-market dispositions of 574,091 shares across 08/21/2025, 08/22/2025 and 08/25/2025 at weighted average prices of $11.1644, $11.5006 and $11.8202 respectively. Reported direct beneficial ownership fell from the amounts reported after each sale to 8,917,528 shares after the final sale. The filing also clarifies that many shares are held indirectly by CMI Oxbow Partners, LLC, Oxbow Industries, LLC, family trusts and grantor retained annuity trusts, with Mr. Unterseher disclaiming direct beneficial ownership of certain shares except for pecuniary interest. For investors, the sale schedule and magnitude are important for assessing potential share supply pressure and insider liquidity but the filing does not state motivations or any trading plan.
TL;DR: Multiple scheduled open-market sales disclosed; ownership structure shows complex indirect holdings and disclaimers.
The disclosure identifies Mr. Unterseher as a director and 10% owner and documents direct and indirect holdings via affiliated entities and several trusts. The explanation sections supply weighted average sale prices and price ranges for the transactions and include the customary disclaimer about beneficial ownership through entities. From a governance perspective, transparency in reporting price ranges and willingness to provide detailed trade breakdowns upon request are positive compliance signals. The filing does not reference a Rule 10b5-1 plan or other contractual sale framework for these transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 243,484 | $11.8202 | $2.88M |
| Sale | Common Stock | 292,628 | $11.5006 | $3.37M |
| Sale | Common Stock | 37,979 | $11.1644 | $424K |
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Footnotes (1)
- Reflects the weighted average price of 37,979 shares of common stock of SkyWater Technology, Inc. sold in multiple transactions on August 21, 2025 with sale prices ranging from $11.00 to $11.40 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Mr. Unterseher is President of CMI Oxbow Partners, LLC ("CMI") and Managing Partner of Oxbow Industries, LLC ("Oxbow"), which is the majority member of CMI. CMI directly holds the shares of Common Stock reported in Column 5. As a result, he may be deemed to be the beneficial owner of, and to have a pecuniary interest in, such shares of Common Stock. Mr. Unterseher disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest therein. Reflects the weighted average price of 292,628 shares of common stock of SkyWater Technology, Inc. sold in multiple transactions on August 22, 2025 with sale prices ranging from $11.00 to $11.64 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Reflects the weighted average price of 243,484 shares of common stock of SkyWater Technology, Inc. sold in multiple transactions on August 25, 2025 with sale prices ranging from $11.55 to $12.02 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Oxbow directly holds the shares reported in Column 5. Shares owned directly by Mr. Unterseher.
