SkyWater Technology (SKYT) CFO executes 75,000-share Rule 10b5-1 stock sale

Rhea-AI Filing Summary

SkyWater Technology, Inc. Chief Financial Officer Steve Manko reported an open-market sale of common stock. On May 11, 2026, he sold 75,000 shares of SkyWater common stock at a weighted average price of $35.075 per share, with individual sale prices ranging from $35.000 to $35.240.

After this transaction, Manko directly holds 96,567 shares of SkyWater common stock. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan that he entered into on November 21, 2025, indicating the trades were scheduled in advance rather than timed discretionarily.

Insights

Equity markets & insider-transactions analyst

CFO’s 75,000-share 10b5-1 sale looks like a planned liquidity move.

CFO Steve Manko executed an open-market sale of 75,000 common shares at a weighted average of $35.075 per share, with trades between $35.000 and $35.240. Following the sale, he continues to hold 96,567 shares directly.

The filing states the sale occurred under a Rule 10b5-1 trading plan adopted on November 21, 2025. Such pre-arranged plans are set in advance and typically reduce the informational value of transaction timing. The filing shows no associated option exercises or derivative positions, suggesting this was a straightforward stock sale rather than an exercise-and-sell pattern.

Overall, this appears to be a routine planned disposition by a senior executive, rather than a signal driven by near-term company developments. Future company filings and updates will provide additional context on broader ownership trends and any subsequent trading activity by insiders.

Insider Trade Summary 10b5-1

Net Seller: 75,000 shares ($2,630,625)

Net Sell 1 txn

Insider Manko Steve

Role CFO

Sold 75,000 shs ($2.63M)

Type	Security	Shares	Price	Value
Sale	Common Stock	75,000	$35.075	$2.63M

Holdings After Transaction: Common Stock — 96,567 shares (Direct, null)

Footnotes (1)

1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on November 21, 2025. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $35.000 to $35.240, inclusive.

Key Figures

Shares sold: 75,000 shares Weighted average sale price: $35.075 per share Sale price range: $35.000–$35.240 per share +3 more

6 metrics

Shares sold 75,000 shares Open-market sale on May 11, 2026

Weighted average sale price $35.075 per share CFO common stock sale

Sale price range $35.000–$35.240 per share Multiple transactions within the trade

Shares held after transaction 96,567 shares Direct holdings post-sale

Trading plan adoption date November 21, 2025 Rule 10b5-1 plan used for sale

Transaction code S Sale in open market or private transaction

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, Form 4, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The reported transaction was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on November 21, 2025."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
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).

X

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^*

Manko Steve

(Last) (First) (Middle)

2401 EAST 86TH STREET

(Street)

BLOOMINGTON MINNESOTA 55425

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

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

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

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

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	05/11/2026		S		75,000(1)	D	$35.075(2)	96,567	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 reported transaction was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on November 21, 2025.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $35.000 to $35.240, inclusive.

Remarks:

	/s/ Christopher Hilberg, Attorney-in-Fact	05/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did SkyWater Technology (SKYT) report for its CFO?

SkyWater Technology’s CFO, Steve Manko, reported an open-market sale of 75,000 shares of common stock. The shares were sold at a weighted average price of $35.075, with individual trades between $35.000 and $35.240 per share, according to the Form 4 filing.

At what price did the SkyWater Technology (SKYT) CFO sell his shares?

The SkyWater Technology CFO sold 75,000 shares at a weighted average price of $35.075 per share. The filing notes the shares were sold in multiple transactions at prices ranging from $35.000 to $35.240, reflecting typical execution across a trading range.

How many SkyWater Technology (SKYT) shares does the CFO hold after the sale?

After the reported transaction, the SkyWater Technology CFO directly holds 96,567 shares of common stock. This post-transaction balance is disclosed in the Form 4 and represents his remaining direct equity stake following the 75,000-share open-market sale.

Was the SkyWater Technology (SKYT) CFO’s share sale under a Rule 10b5-1 plan?

Yes. The Form 4 states the reported transaction was effected pursuant to a Rule 10b5-1 trading plan. That plan was entered into on November 21, 2025, indicating the sale was pre-scheduled rather than a spur-of-the-moment trading decision.

What type of transaction code appears in the SkyWater Technology (SKYT) Form 4?

The Form 4 lists transaction code “S” for the CFO’s trade, indicating a sale in an open-market or private transaction. The filing further classifies it as an open-market sale of common stock, with no derivative exercises reported alongside this transaction.