STOCK TITAN

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

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Steve Manko, CFO of SkyWater Technology, Inc. (SKYT) filed a Form 4 reporting transactions dated 08/08/2025. The filing shows acquisitions and dispositions executed pursuant to a Rule 10b5-1 trading plan entered March 14, 2025. The report records acquisitions of 9,707 and 28,138 shares tied to option activity and a disposition of 37,845 shares sold in multiple transactions at a weighted-average price of $13.622 (sales ranged $13.50–$13.78).

The Form discloses two option series: one with a $11.24 exercise price (28,138 underlying shares, expiration 02/25/2032) and one with a $10.14 exercise price (9,707 underlying shares, expiration 02/15/2034). The options vest ratably on each anniversary of the grant date. The filing also shows post-transaction beneficial ownership figures, including 368,407 shares following the reported sale.

Steve Manko, CFO di SkyWater Technology, Inc. (SKYT) ha presentato un Modulo 4 che riporta operazioni datate 08/08/2025. La comunicazione mostra acquisizioni e cessioni eseguite ai sensi di un piano di negoziazione Rule 10b5-1 stipulato il 14 marzo 2025. Il rapporto registra acquisizioni di 9,707 e 28,138 azioni legate ad attività di opzioni e una cessione di 37,845 azioni vendute in più transazioni a un prezzo medio ponderato di $13.622 (vendite nell'intervallo $13.50–$13.78).

Il Modulo dichiara due serie di opzioni: una con prezzo di esercizio $11.24 (28,138 azioni sottostanti, scadenza 02/25/2032) e una con prezzo di esercizio $10.14 (9,707 azioni sottostanti, scadenza 02/15/2034). Le opzioni maturano in modo proporzionale a ogni anniversario della data di assegnazione. La comunicazione indica inoltre la detenzione beneficiaria dopo le transazioni, inclusa la cifra di 368,407 azioni successiva alla vendita riportata.

Steve Manko, director financiero de SkyWater Technology, Inc. (SKYT) presentó un Formulario 4 que informa transacciones con fecha 08/08/2025. El informe muestra adquisiciones y enajenaciones realizadas en virtud de un plan de negociación Rule 10b5-1 suscrito el 14 de marzo de 2025. El reporte registra adquisiciones de 9,707 y 28,138 acciones vinculadas a actividad de opciones y una enajenación de 37,845 acciones vendidas en múltiples transacciones a un precio medio ponderado de $13.622 (ventas en el rango $13.50–$13.78).

El Formulario revela dos series de opciones: una con precio de ejercicio de $11.24 (28,138 acciones subyacentes, vencimiento 02/25/2032) y otra con precio de ejercicio de $10.14 (9,707 acciones subyacentes, vencimiento 02/15/2034). Las opciones se consolidan de forma prorrata en cada aniversario de la fecha de concesión. El informe también muestra la propiedad beneficiaria después de las transacciones, incluida la cifra de 368,407 acciones tras la venta informada.

Steve Manko, SkyWater Technology, Inc. (SKYT) 최고재무책임자(CFO)08/08/2025자 거래를 보고한 Form 4를 제출했습니다. 제출서류에는 2025년 3월 14일에 체결된 Rule 10b5-1 거래계획에 따라 실행된 취득 및 처분이 기재되어 있습니다. 보고서는 옵션 행사 관련 취득 9,707주 및 28,138주와, 가중평균가격 $13.622(거래 범위 $13.50–$13.78)로 다회에 걸쳐 매도된 37,845주의 처분을 기록합니다.

서류는 두 개의 옵션 시리즈를 공시합니다: 행사가격 $11.24(기초주식 28,138주, 만기 02/25/2032)와 행사가격 $10.14(기초주식 9,707주, 만기 02/15/2034)입니다. 옵션은 부여일의 매년 기념일마다 비례적으로 베스팅됩니다. 제출서는 또한 보고된 매각 이후의 실질적 보유 주식 수로 368,407주가 포함되어 있음을 기재하고 있습니다.

Steve Manko, directeur financier (CFO) de SkyWater Technology, Inc. (SKYT), a déposé un Formulaire 4 déclarant des transactions datées du 08/08/2025. Le dépôt indique des acquisitions et des cessions exécutées en vertu d'un plan de négociation Rule 10b5-1 conclu le 14 mars 2025. Le rapport enregistre des acquisitions de 9,707 et 28,138 actions liées à des activités d'options et une cession de 37,845 actions vendues en plusieurs opérations à un prix moyen pondéré de $13.622 (ventes comprises entre $13.50 et $13.78).

Le formulaire divulgue deux séries d'options : une avec un prix d'exercice de $11.24 (28,138 actions sous-jacentes, échéance 02/25/2032) et une autre avec un prix d'exercice de $10.14 (9,707 actions sous-jacentes, échéance 02/15/2034). Les options acquièrent des droits au prorata chaque anniversaire de la date d'attribution. Le dépôt indique également la détention bénéficiaire après les opérations, incluant 368,407 actions après la vente signalée.

Steve Manko, Finanzvorstand (CFO) von SkyWater Technology, Inc. (SKYT), reichte ein Formular 4 ein, das Transaktionen datiert 08/08/2025 meldet. Die Einreichung zeigt Erwerbe und Veräußerungen, die im Rahmen eines am 14. März 2025 geschlossenen Rule 10b5-1-Handelsplans ausgeführt wurden. Der Bericht verzeichnet Erwerbe von 9,707 und 28,138 Aktien im Zusammenhang mit Optionen sowie eine Veräußerung von 37,845 Aktien, verkauft in mehreren Transaktionen zu einem gewogenen Durchschnittspreis von $13.622 (Verkäufe im Bereich $13.50–$13.78).

Das Formular gibt zwei Optionsserien an: eine mit einem Ausübungspreis von $11.24 (28,138 zugrunde liegende Aktien, Laufzeit bis 02/25/2032) und eine mit einem Ausübungspreis von $10.14 (9,707 zugrunde liegende Aktien, Laufzeit bis 02/15/2034). Die Optionen werden anteilig an jedem Jahrestag des Gewährungsdatums unverfallbar. Die Einreichung enthält außerdem die nach den Transaktionen bestehende wirtschaftliche Eigentümerschaft, einschließlich 368,407 Aktien nach dem gemeldeten Verkauf.

Positive
  • Transactions executed under a Rule 10b5-1 plan entered March 14, 2025, indicating pre-planned trading and compliance
  • Outstanding options remain with clear exercise prices ($11.24 and $10.14) and multi-year expirations (02/25/2032 and 02/15/2034)
Negative
  • Insider sale of 37,845 shares on 08/08/2025 at a weighted-average price of $13.622 (sales ranged $13.50–$13.78)
  • Post-transaction beneficial ownership reported as 368,407 shares following the sale (change in direct holdings)

Insights

TL;DR: Transactions were executed under a documented 10b5-1 plan and include option-related acquisitions plus an open-market sale.

The Form 4 shows the CFO used a Rule 10b5-1 plan entered on March 14, 2025, to effect trades on August 8, 2025, which supports compliance with pre-planned trading guidelines and reduces concerns about trading on undisclosed material information. The filing discloses both option-related acquisitions (9,707 and 28,138 underlying shares) and a sale of 37,845 shares at a weighted-average price of $13.622. The presence of multi-year option expirations (02/25/2032 and 02/15/2034) and ratable vesting schedules suggests typical executive equity compensation mechanics rather than one-off compensation changes. Overall governance signals are procedural and compliant based on the information provided.

TL;DR: Insider activity includes option-related acquisitions and a sizable sale; materiality appears routine but should be viewed in context of total holdings.

The filing reports two option series with exercise prices of $11.24 and $10.14 and specified expiration dates; these options were recorded on the same transaction date as the reported sales and acquisitions. The sale of 37,845 shares executed at a weighted-average price of $13.622 (range $13.50–$13.78) is explicitly disclosed. The Form lists beneficial ownership totals after the transactions, including 368,407 shares following the sale. From a market perspective, these are concrete changes in insider holdings; their investor impact depends on company market capitalization and average daily volume, information not included in this filing.

Steve Manko, CFO di SkyWater Technology, Inc. (SKYT) ha presentato un Modulo 4 che riporta operazioni datate 08/08/2025. La comunicazione mostra acquisizioni e cessioni eseguite ai sensi di un piano di negoziazione Rule 10b5-1 stipulato il 14 marzo 2025. Il rapporto registra acquisizioni di 9,707 e 28,138 azioni legate ad attività di opzioni e una cessione di 37,845 azioni vendute in più transazioni a un prezzo medio ponderato di $13.622 (vendite nell'intervallo $13.50–$13.78).

Il Modulo dichiara due serie di opzioni: una con prezzo di esercizio $11.24 (28,138 azioni sottostanti, scadenza 02/25/2032) e una con prezzo di esercizio $10.14 (9,707 azioni sottostanti, scadenza 02/15/2034). Le opzioni maturano in modo proporzionale a ogni anniversario della data di assegnazione. La comunicazione indica inoltre la detenzione beneficiaria dopo le transazioni, inclusa la cifra di 368,407 azioni successiva alla vendita riportata.

Steve Manko, director financiero de SkyWater Technology, Inc. (SKYT) presentó un Formulario 4 que informa transacciones con fecha 08/08/2025. El informe muestra adquisiciones y enajenaciones realizadas en virtud de un plan de negociación Rule 10b5-1 suscrito el 14 de marzo de 2025. El reporte registra adquisiciones de 9,707 y 28,138 acciones vinculadas a actividad de opciones y una enajenación de 37,845 acciones vendidas en múltiples transacciones a un precio medio ponderado de $13.622 (ventas en el rango $13.50–$13.78).

El Formulario revela dos series de opciones: una con precio de ejercicio de $11.24 (28,138 acciones subyacentes, vencimiento 02/25/2032) y otra con precio de ejercicio de $10.14 (9,707 acciones subyacentes, vencimiento 02/15/2034). Las opciones se consolidan de forma prorrata en cada aniversario de la fecha de concesión. El informe también muestra la propiedad beneficiaria después de las transacciones, incluida la cifra de 368,407 acciones tras la venta informada.

Steve Manko, SkyWater Technology, Inc. (SKYT) 최고재무책임자(CFO)08/08/2025자 거래를 보고한 Form 4를 제출했습니다. 제출서류에는 2025년 3월 14일에 체결된 Rule 10b5-1 거래계획에 따라 실행된 취득 및 처분이 기재되어 있습니다. 보고서는 옵션 행사 관련 취득 9,707주 및 28,138주와, 가중평균가격 $13.622(거래 범위 $13.50–$13.78)로 다회에 걸쳐 매도된 37,845주의 처분을 기록합니다.

서류는 두 개의 옵션 시리즈를 공시합니다: 행사가격 $11.24(기초주식 28,138주, 만기 02/25/2032)와 행사가격 $10.14(기초주식 9,707주, 만기 02/15/2034)입니다. 옵션은 부여일의 매년 기념일마다 비례적으로 베스팅됩니다. 제출서는 또한 보고된 매각 이후의 실질적 보유 주식 수로 368,407주가 포함되어 있음을 기재하고 있습니다.

Steve Manko, directeur financier (CFO) de SkyWater Technology, Inc. (SKYT), a déposé un Formulaire 4 déclarant des transactions datées du 08/08/2025. Le dépôt indique des acquisitions et des cessions exécutées en vertu d'un plan de négociation Rule 10b5-1 conclu le 14 mars 2025. Le rapport enregistre des acquisitions de 9,707 et 28,138 actions liées à des activités d'options et une cession de 37,845 actions vendues en plusieurs opérations à un prix moyen pondéré de $13.622 (ventes comprises entre $13.50 et $13.78).

Le formulaire divulgue deux séries d'options : une avec un prix d'exercice de $11.24 (28,138 actions sous-jacentes, échéance 02/25/2032) et une autre avec un prix d'exercice de $10.14 (9,707 actions sous-jacentes, échéance 02/15/2034). Les options acquièrent des droits au prorata chaque anniversaire de la date d'attribution. Le dépôt indique également la détention bénéficiaire après les opérations, incluant 368,407 actions après la vente signalée.

Steve Manko, Finanzvorstand (CFO) von SkyWater Technology, Inc. (SKYT), reichte ein Formular 4 ein, das Transaktionen datiert 08/08/2025 meldet. Die Einreichung zeigt Erwerbe und Veräußerungen, die im Rahmen eines am 14. März 2025 geschlossenen Rule 10b5-1-Handelsplans ausgeführt wurden. Der Bericht verzeichnet Erwerbe von 9,707 und 28,138 Aktien im Zusammenhang mit Optionen sowie eine Veräußerung von 37,845 Aktien, verkauft in mehreren Transaktionen zu einem gewogenen Durchschnittspreis von $13.622 (Verkäufe im Bereich $13.50–$13.78).

Das Formular gibt zwei Optionsserien an: eine mit einem Ausübungspreis von $11.24 (28,138 zugrunde liegende Aktien, Laufzeit bis 02/25/2032) und eine mit einem Ausübungspreis von $10.14 (9,707 zugrunde liegende Aktien, Laufzeit bis 02/15/2034). Die Optionen werden anteilig an jedem Jahrestag des Gewährungsdatums unverfallbar. Die Einreichung enthält außerdem die nach den Transaktionen bestehende wirtschaftliche Eigentümerschaft, einschließlich 368,407 Aktien nach dem gemeldeten Verkauf.

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 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)
CFO
3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025
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 08/08/2025 M 9,707(1) A $10.14 378,114 D
Common Stock 08/08/2025 M 28,138(1) A $11.24 406,252 D
Common Stock 08/08/2025 S 37,845(1) D $13.622(2) 368,407 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
Options to Acquire Common Stock $11.24 08/08/2025 M 28,138(1) (3) 02/25/2032 Common Stock 28,138 $0 15,856 D
Options to Acquire Common Stock $10.14 08/08/2025 M 9,707(1) (3) 02/15/2034 Common Stock 9,707 $0 29,124 D
Explanation of Responses:
1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on March 14, 2025.
2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $13.50 to $13.78, inclusive.
3. The options vest ratably on each of the first, second, third and fourth anniversaries of the grant date contingent on the reporting person's continuation in service on each applicable vesting date.
Remarks:
/s/ Christopher Hilberg, Attorney-in-Fact 08/12/2025
** 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 did SkyWater (SKYT) CFO Steve Manko report on Form 4?

The Form 4 reports acquisitions and a sale on 08/08/2025, including acquisitions of 9,707 and 28,138 shares tied to option activity and a sale of 37,845 shares.

Were the trades by the SkyWater CFO part of a 10b5-1 plan?

Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan entered on March 14, 2025.

At what price were the shares sold by the reporting person?

The shares were sold at a weighted-average price of $13.622; the filing notes sales occurred at prices ranging from $13.50 to $13.78.

What option exercise prices and expirations are disclosed?

The Form discloses options with exercise prices of $11.24 (28,138 underlying shares, expiration 02/25/2032) and $10.14 (9,707 underlying shares, expiration 02/15/2034); options vest ratably on each anniversary of the grant date.

Who signed the Form 4 and when?

The Form 4 is signed by Christopher Hilberg, Attorney-in-Fact on 08/12/2025.
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