SkyWater (NASDAQ: SKYT) CFO sells 84K shares after exercising stock options

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

SkyWater Technology CFO Steve Manko reported a set of option exercises and related share sales. On April 14, 2026, he exercised options to acquire a total of 30,908 shares of common stock at exercise prices of $10.03, $11.24, and $11.77 per share.

The exercises delivered an equal number of common shares, and on the same date he sold 84,215 shares of common stock at a weighted average price of $30.408 per share. After these transactions, he directly owned 171,567 shares of SkyWater common stock.

The filing notes that both the option exercises and the sale were carried out under a pre-arranged Rule 10b5-1 trading plan that Manko entered into on November 21, 2025, indicating the activity was planned in advance rather than timed discretionarily. A related footnote explains that the option grants vest in four equal annual installments, contingent on his continued service.

Insider Trade Summary 10b5-1

Net Seller: 84,215 shares ($2,560,810)

Net Sell 7 txns

Insider Manko Steve

Role CFO

Sold 84,215 shs ($2.56M)

Type	Security	Shares	Price	Value
Exercise	Options to Acquire Common Stock	9,215	$0.00	--
Exercise	Options to Acquire Common Stock	11,000	$0.00	--
Exercise	Options to Acquire Common Stock	10,693	$0.00	--
Exercise	Common Stock	9,215	$10.03	$92K
Exercise	Common Stock	11,000	$11.24	$124K
Exercise	Common Stock	10,693	$11.77	$126K
Sale	Common Stock	84,215	$30.408	$2.56M

Holdings After Transaction: Options to Acquire Common Stock — 27,646 shares (Direct); Common Stock — 234,089 shares (Direct)

Footnotes (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 $30.010 to $30.730, inclusive. The reported option exercise was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on November 21, 2025. 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.

Key Figures

Options exercised: 30,908 shares Shares sold: 84,215 shares Average sale price: $30.408 per share +4 more

7 metrics

Options exercised 30,908 shares Total options to acquire common stock exercised on April 14, 2026

Shares sold 84,215 shares Common stock sold by CFO on April 14, 2026

Average sale price $30.408 per share Weighted average price for 84,215 common shares sold

Post-transaction holdings 171,567 shares Common stock directly owned after transactions

Option strike price 1 $10.03 per share Exercise price for 9,215 options to acquire common stock

Option strike price 2 $11.24 per share Exercise price for 11,000 options to acquire common stock

Option strike price 3 $11.77 per share Exercise price for 10,693 options to acquire common stock

Key Terms

Rule 10b5-1 trading plan, weighted average price, derivative security, vest ratably, +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"

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.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vest ratably financial

"The options vest ratably on each of the first, second, third and fourth anniversaries"

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 Insider Transactions: What Each Field Means →

04/16/2026 - 05:06 PM

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).

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)
04/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/14/2026		M		9,215⁽¹⁾	A	$10.03	234,089	D
Common Stock	04/14/2026		M		11,000⁽¹⁾	A	$11.24	245,089	D
Common Stock	04/14/2026		M		10,693⁽¹⁾	A	$11.77	255,782	D
Common Stock	04/14/2026		S		84,215⁽¹⁾	D	$30.408⁽²⁾	171,567	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options to Acquire Common Stock	$10.03	04/14/2026		M			9,215⁽³⁾	⁽⁴⁾	02/15/2035	Common Stock	9,215	$0	27,646	D
Options to Acquire Common Stock	$11.24	04/14/2026		M			11,000⁽³⁾	⁽⁴⁾	02/25/2032	Common Stock	11,000	$0	0	D
Options to Acquire Common Stock	$11.77	04/14/2026		M			10,693⁽³⁾	⁽⁴⁾	03/15/2033	Common Stock	10,693	$0	32,082	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 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 $30.010 to $30.730, inclusive.

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

4. 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	04/16/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did SkyWater Technology (SKYT) CFO Steve Manko report on this Form 4?

Steve Manko reported exercising stock options and selling SkyWater Technology shares. He exercised options for 30,908 common shares, then sold 84,215 shares, all on April 14, 2026, under a pre-arranged Rule 10b5-1 trading plan.

How many SkyWater Technology (SKYT) shares did the CFO sell and at what price?

The CFO sold 84,215 shares of SkyWater Technology common stock. The filing states a weighted average sale price of $30.408 per share, with individual trades executed between $30.010 and $30.730 according to the disclosed price range.

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

After completing the option exercises and share sale, the CFO directly owned 171,567 shares of SkyWater Technology common stock. This figure reflects his remaining position as of the Form 4 reporting date following all transactions on April 14, 2026.

Were the SkyWater Technology (SKYT) CFO’s trades under a Rule 10b5-1 plan?

Yes. The Form 4 footnotes state that both the reported stock sale and the option exercises were effected under a Rule 10b5-1 trading plan entered into on November 21, 2025, indicating the transactions were pre-scheduled rather than opportunistic.

What options did the SkyWater Technology (SKYT) CFO exercise in this filing?

He exercised three option grants to acquire common stock: 9,215 shares at an exercise price of $10.03, 11,000 shares at $11.24, and 10,693 shares at $11.77. In total, these option exercises delivered 30,908 SkyWater common shares.

How do the SkyWater Technology (SKYT) CFO’s options vest according to the filing?

The filing explains that the options vest ratably over four years. Specifically, they vest in equal installments on each of the first, second, third and fourth anniversaries of the grant date, contingent on the CFO’s continued service with the company.