SkyWater Technology (SKYT) awards 17,946 RSUs to risk chief

Rhea-AI Filing Summary

Hilberg Christopher reported acquisition or exercise transactions in this Form 4 filing.

SkyWater Technology reported that Chief Risk & Compliance Officer Christopher Hilberg received a grant of 17,946 shares of common stock in the form of restricted stock units (RSUs). After this award, he directly holds 64,246 common shares.

The RSUs vest in three equal annual installments on the first, second, and third anniversaries of the grant date, contingent on his continued service with the company at each vesting date. This is a compensation-related equity award, not an open-market stock purchase or sale.

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

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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^*

Hilberg Christopher

(Last) (First) (Middle)

2401 EAST 86TH STREET

(Street)

BLOOMINGTON MN 55425

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Risk & Compl. Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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

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

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

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	03/15/2026		A(1)		17,946	A	$0	64,246	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 RSUs. The RSUs vest ratably on each of the first, second and third anniversaries of the grant date contingent on the reporting person's continuation in service on each applicable vesting date.

Remarks:

	/s/ Steve Manko, Attorney-in-Fact	03/17/2026
	** 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.

FAQ

What did SkyWater Technology (SKYT) disclose in this Form 4 for Christopher Hilberg?

SkyWater Technology disclosed that Chief Risk & Compliance Officer Christopher Hilberg received a grant of 17,946 restricted stock units. These RSUs are compensation-based equity, not an open-market trade, and increase his direct holdings to 64,246 shares of common stock.

How many SkyWater Technology (SKYT) shares did Christopher Hilberg acquire in this transaction?

Christopher Hilberg acquired 17,946 shares of SkyWater Technology common stock through a grant of restricted stock units. The award was recorded at a price of zero per share because it is a compensation grant rather than a market purchase, increasing his total direct holdings to 64,246 shares.

How do the RSUs granted to SkyWater’s Christopher Hilberg vest?

The 17,946 RSUs granted to Christopher Hilberg vest ratably over three years. One-third vests on each of the first, second, and third anniversaries of the grant date, contingent on his continued service with SkyWater Technology on each applicable vesting date.

Is the SkyWater Technology (SKYT) Form 4 for Christopher Hilberg a stock sale or purchase?

The Form 4 reflects a grant of restricted stock units to Christopher Hilberg, not a market sale or purchase. It is categorized as an acquisition through compensation, with 17,946 RSUs awarded and no shares sold or bought on the open market.

What is Christopher Hilberg’s SkyWater Technology share ownership after this RSU grant?

Following the RSU grant, Christopher Hilberg directly owns 64,246 shares of SkyWater Technology common stock. This total includes the newly granted 17,946 RSUs, which will vest in three equal annual installments, subject to his continued service with the company.