[Form 4] SkyWater Technology, Inc. Insider Trading Activity

Rhea-AI Filing Summary

SkyWater Technology CEO and director sold 24,936 shares of common stock in a reported transaction at a weighted-average price of $12.242 per share, executed in multiple trades priced between $12.15 and $12.45. After the sale the reporting person beneficially owned 540,529 shares, reported as direct ownership. The Form 4 shows a standard Section 16 disclosure of an insider sale and includes an attorney-in-fact signature; no options, warrants, or other derivative transactions are reported.

Positive

• None.

Negative

• Insider sale reported: CEO/director sold 24,936 shares at a weighted-average price of $12.242.
• No derivative transactions disclosed: only a direct sale is reported, providing limited transparency on other compensation instruments.

Insights

Financial Analyst

TL;DR: Insider sale of modest size relative to holdings, likely not material to company valuation absent other information.

The CEO and director reported a sale of 24,936 shares at a weighted-average price of $12.242, reducing direct beneficial ownership to 540,529 shares. The transaction code indicates a sale; there are no derivative transactions disclosed. As reported, the sale represents a small percentage of the reporting person’s post-transaction holdings and does not by itself reveal change in company fundamentals, revenue or earnings. Without accompanying corporate events or filings, this disclosure is routine director/officer activity under Section 16.

Corporate Governance Expert

TL;DR: Routine insider sell disclosure; governance processes appear followed but context for the sale is not provided.

The Form 4 lists the reporting person as both CEO and director and shows a direct sale of 24,936 shares at a weighted-average price of $12.242, with remaining direct ownership of 540,529 shares. The form is properly signed by an attorney-in-fact. The filing does not state any Rule 10b5-1 plan or other rationale, so governance reviewers will note compliance with disclosure rules but cannot infer intent or policy adherence beyond the reported facts.

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
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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^*

SONDERMAN THOMAS

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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	08/13/2025		S		24,936	D	$12.242(1)	540,529	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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $12.15 to $12.45, inclusive.

Remarks:

	/s/ Christopher Hilberg, Attorney-in-Fact	08/14/2025
	** 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 transaction did SkyWater Technology (SKYT) insider report?

The CEO and director reported a sale of 24,936 shares of common stock at a weighted-average price of $12.242.

How many shares does the reporting person own after the sale?

The filing reports 540,529 shares of direct beneficial ownership following the reported transaction.

Were any stock options or other derivatives reported on this Form 4 for SKYT?

No. Table II for derivative securities shows no derivative transactions or holdings disclosed in this filing.

Does the Form 4 indicate the sale was part of a 10b5-1 plan?

The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1 trading plan.

Who signed the Form 4 for the reporting person?

The Form 4 is signed by an attorney-in-fact, referenced on the form, certifying the reported transaction.