SkyWater CFO exercises options, sells 84K shares
SkyWater Technology CFO Steve Manko reported a set of option exercises and related share sales.
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Form Type
4
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
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Manko Steve
Role
CFO
Sold
84,215 shs ($2.56M)
Approx. gross sale proceeds
$2.56M
Approx. exercise cost
$342K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options to Acquire Common Stock | 9,215 | $0.00 | $0.00 |
| Exercise | Options to Acquire Common Stock | 11,000 | $0.00 | $0.00 |
| Exercise | Options to Acquire Common Stock | 10,693 | $0.00 | $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 — 59,728 contracts (Direct);
Common Stock — 171,567 shares (Direct)
Footnotes (4)
- F1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on November 21, 2025.
- F2. 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.
- F3. The reported option exercise was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on November 21, 2025.
- F4. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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