SkyWater (SKYT) risk chief has 3,571 shares withheld to cover taxes

Rhea-AI Filing Summary

SkyWater Technology, Inc. Chief Risk & Compliance Officer Christopher Hilberg reported a Form 4 transaction involving company common stock. On February 17, 2026, the issuer withheld 3,571 shares of common stock at $28.77 per share to cover tax withholding obligations tied to the vesting of previously granted restricted stock units. This was recorded under transaction code F as a tax-withholding disposition, not an open-market trade. After this withholding, Hilberg's directly held stake stands at 46,300 common shares.

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)
02/17/2026

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	02/17/2026		F(1)		3,571	D	$28.77	46,300	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 Issuer withheld shares of common stock that would have otherwise been issuable to the Reporting Person to satisfy the Issuers tax withholding obligations in connection with the vesting of restricted stock units previously reported by the Reporting Person in accordance with Rule 16b-3.

Remarks:

	/s/ Steve Manko, Attorney-in-Fact	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did SkyWater Technology (SKYT) report for Christopher Hilberg?

SkyWater Technology reported that Christopher Hilberg had 3,571 common shares withheld to cover tax obligations on vested restricted stock units. The transaction was a tax-withholding disposition, not an open-market sale, and was coded F on the Form 4 filing.

Was the SKYT Form 4 transaction a stock sale by Christopher Hilberg?

No, the Form 4 does not show an open-market sale by Christopher Hilberg. The issuer withheld 3,571 shares solely to satisfy tax withholding obligations related to restricted stock units that had vested, using transaction code F for tax-withholding disposition.

How many SkyWater Technology (SKYT) shares were withheld for taxes in the latest Form 4?

The issuer withheld 3,571 shares of SkyWater Technology common stock at $28.77 per share. These shares were retained by the company to meet its tax withholding obligations when Christopher Hilberg’s previously reported restricted stock units vested.

How many SkyWater Technology (SKYT) shares does Christopher Hilberg hold after the Form 4 transaction?

After the tax-withholding disposition, Christopher Hilberg directly holds 46,300 shares of SkyWater Technology common stock. This figure reflects his remaining ownership following the withholding of 3,571 shares to satisfy associated tax obligations on vested restricted stock units.

What does transaction code F mean in the SkyWater Technology (SKYT) Form 4?

Transaction code F on the SkyWater Technology Form 4 indicates payment of an exercise price or tax liability by delivering securities. Here, it reflects issuer withholding of 3,571 shares to cover tax withholding obligations on vested restricted stock units held by Christopher Hilberg.

Did the SkyWater Technology (SKYT) Form 4 change Christopher Hilberg’s ownership type?

The Form 4 shows that Christopher Hilberg continues to hold SkyWater Technology shares directly. Ownership is reported as direct (code D), with 46,300 common shares remaining after the issuer’s tax-withholding disposition of 3,571 shares related to restricted stock unit vesting.