SkyWater Technology (SKYT) director Unterseher receives 4,304 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Unterseher Loren A reported acquisition or exercise transactions in this Form 4 filing.
SkyWater Technology director and ten percent owner Loren A. Unterseher reported an equity award rather than a market trade. On June 10, 2026, he received a grant of 4,304 restricted stock units (RSUs) at a stated price of $0.00 per share, increasing his directly held common stock to 28,017 shares after the award.
The RSUs vest immediately before the next annual meeting of stockholders, contingent on his continued board service. The filing also lists substantial indirect common stock holdings through multiple family and estate-planning vehicles, including trusts for his son and daughter, a revocable trust, a 2024 grantor retained annuity trust, and a family irrevocable trust, along with shares directly held by affiliated entities CMI Oxbow Partners, LLC and Oxbow Industries, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Unterseher Loren A, CMI Oxbow Partners, LLC, Oxbow Industries, LLC
Role
null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,304 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 28,017 shares (Direct, null);
Common Stock — 531,283 shares (Indirect, By family irrevocable trust)
Footnotes (1)
- Represents a grant of restricted stock units ("RSUs"). The RSUs vest on the date immediately preceding the next occurring annual meeting of the Issuer's stockholders, contingent on the reporting person's continued service on such vesting date. Shares owned directly by Mr. Unterseher. Oxbow directly holds the shares reported in Column 5. Mr. Unterseher is President of CMI Oxbow Partners, LLC ("CMI") and Managing Partner of Oxbow Industries, LLC ("Oxbow"), which is the majority member of CMI. CMI directly holds the shares of Common Stock reported in Column 5. As a result, he may be deemed to be the beneficial owner of, and to have a pecuniary interest in, such shares of Common Stock. Mr. Unterseher disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest therein.
Key Figures
RSU grant size: 4,304 shares
RSU grant price: $0.00 per share
Direct holdings after grant: 28,017 shares
+5 more
8 metrics
RSU grant size
4,304 shares
Restricted stock units granted on June 10, 2026
RSU grant price
$0.00 per share
Stated price for the June 10, 2026 RSU award
Direct holdings after grant
28,017 shares
Common stock directly owned after RSU grant
Trust for son holdings
687,812 shares
Common stock held indirectly by trust for benefit of son
Trust for daughter holdings
687,811 shares
Common stock held indirectly by trust for benefit of daughter
2024 grantor retained annuity trust
1,229,864 shares
Common stock held indirectly by 2024 grantor retained annuity trust
Family irrevocable trust
531,283 shares
Common stock held indirectly by family irrevocable trust
Large direct holding entry
4,487,394 shares
Common stock reported as directly held in Column 5
Key Terms
restricted stock units ("RSUs"), grantor retained annuity trust, family irrevocable trust, beneficial owner, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents a grant of restricted stock units ("RSUs"). The RSUs vest on the date immediately preceding the next occurring annual meeting"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
grantor retained annuity trust financial
"By 2024 grantor retained annuity trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
family irrevocable trust financial
"By family irrevocable trust"
beneficial owner financial
"he may be deemed to be the beneficial owner of, and to have a pecuniary interest in, such shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest therein"
FAQ
What insider transaction did SkyWater Technology (SKYT) report on June 10, 2026?
SkyWater Technology reported an equity award to director and ten percent owner Loren A. Unterseher. He received 4,304 restricted stock units, a form of stock-based compensation, rather than executing an open-market purchase or sale of existing common shares.
How many restricted stock units were granted to Loren A. Unterseher at SkyWater Technology (SKYT)?
Loren A. Unterseher was granted 4,304 restricted stock units of SkyWater Technology common stock. These RSUs carry a stated price of $0.00 per share and increase his directly held position to 28,017 common shares after the award.
When do Loren A. Unterseher’s SkyWater Technology (SKYT) RSUs vest?
The restricted stock units granted to Loren A. Unterseher vest on the date immediately preceding SkyWater Technology’s next annual stockholders’ meeting. Vesting is contingent on his continued service as a director through that specified vesting date.
What types of indirect SkyWater Technology (SKYT) holdings are disclosed for Loren A. Unterseher?
The filing discloses indirect common stock holdings through several vehicles: trusts for his son and daughter, a revocable trust, a 2024 grantor retained annuity trust, a family irrevocable trust, and entities CMI Oxbow Partners, LLC and Oxbow Industries, LLC associated with his role.
Does the SkyWater Technology (SKYT) Form 4 show any open-market buys or sells by Loren A. Unterseher?
The entries provided show one compensatory grant of restricted stock units and multiple holding lines for existing positions. They do not indicate any open-market purchase or sale transactions coded as buys or sells on the reported date.