SkyWater (SKYT) CEO reports tax withholding of 5,767 shares
Rhea-AI Filing Summary
SkyWater Technology CEO Thomas Sonderman reported a tax-withholding share disposition related to restricted stock units. On the transaction date, 5,767 shares of common stock were withheld at $28.77 per share to cover tax obligations. After this non-open-market transaction, he directly owned 515,990 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,767 shares
Net Sell
1 txn
Insider
SONDERMAN THOMAS
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,767 | $28.77 | $166K |
Holdings After Transaction:
Common Stock — 515,990 shares (Direct)
Footnotes (1)
- F1. The Issuer withheld shares of common stock that would have otherwise been issuable to the Reporting Person to satisfy the Issuers tax withholding obligations in connection with the vesting of restricted stock units previously reported by the Reporting Person in accordance with Rule 16b-3.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did SkyWater Technology (SKYT) disclose in this Form 4?
SkyWater Technology disclosed that CEO Thomas Sonderman had 5,767 shares of common stock withheld to cover tax obligations from vesting restricted stock units, a non-open-market transaction that adjusted his reported direct share ownership.
Was the SkyWater (SKYT) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 labels it as a tax-withholding disposition, where the issuer kept 5,767 shares to satisfy tax obligations tied to vesting restricted stock units.