Insider Sales: SkyWater (SKYT) Director Disposes of Large Stake in August 2025
Rhea-AI Filing Summary
SkyWater Technology, Inc. (SKYT) Form 4 summary: Director and reported 10% owner Loren A. Unterseher disclosed multiple open-market sales of SkyWater common stock in mid-August 2025. The filing shows dispositions of 217,329 shares on 08/14/2025 at a weighted average price of $11.7997, 5,684 shares on 08/15/2025 at $11.5052, and 97,957 shares on 08/18/2025 at $11.6208. After the reported transactions, the filing reports 9,491,619 shares beneficially owned in the direct column for certain lines and identifies substantial additional indirect holdings through entities and trusts. The filer is President of CMI Oxbow Partners, LLC and Managing Partner of Oxbow Industries, LLC; CMI directly holds a large block of shares for which Mr. Unterseher disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- Director and 10% owner executed sizable open-market sales (217,329 shares on 08/14/2025; 5,684 on 08/15/2025; 97,957 on 08/18/2025).
- Direct beneficial ownership reported decreased to figures such as 9,491,619 shares following the transactions disclosed.
- Complex ownership through affiliated entities and trusts could complicate assessment of true insider alignment despite continued large indirect holdings.
Insights
TL;DR: Significant insider sales by a director/10% owner reduce direct holdings; material for monitoring but not conclusive on company fundamentals.
The Form 4 documents sizable open-market dispositions across three dates in August 2025 totaling over 320,000 shares sold at weighted average prices between $11.50 and $12.08. For investors, the key points are the size and timing of sales by a high-level insider and the continuing large indirect holdings via affiliated entities and trusts. These sales may reflect portfolio liquidity actions rather than company-specific signals, but they do reduce the reporting person’s direct stake and are therefore relevant to ownership and governance analysis.
TL;DR: Director and 10% owner executed material share sales while retaining substantial indirect holdings through affiliated entities.
The filing clarifies ownership structure: CMI Oxbow Partners, LLC directly holds shares and Oxbow Industries, LLC is the majority member. Mr. Unterseher disclaims direct beneficial ownership of CMI-held shares except for pecuniary interest. The reported dispositions reduce direct holdings to the reported level of 9,491,619 shares on certain lines but leave large indirect positions intact across trusts and affiliated entities. From a governance perspective, disclosure is comprehensive and identifies the chain of ownership, which supports transparency for shareholders assessing insider alignment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 97,957 | $11.6208 | $1.14M |
| Sale | Common Stock | 5,684 | $11.5052 | $65K |
| Sale | Common Stock | 217,329 | $11.7997 | $2.56M |
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Footnotes (1)
- Reflects the weighted average price of 217,329 shares of common stock of SkyWater Technology, Inc. sold in multiple transactions on August 14, 2025 with sale prices ranging from $11.60 to $12.08 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 5,684 shares of common stock of SkyWater Technology, Inc. sold in multiple transactions on August 15, 2025 with sale prices ranging from $11.50 to $11.52 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 97,957 shares of common stock of SkyWater Technology, Inc. sold in multiple transactions on August 18, 2025 with sale prices ranging from $11.50 to $11.73 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.
