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SkyWest Insider Steel Cuts 14% of Direct Holdings at $118 Avg

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

SkyWest Inc. (SKYW) Chief Commercial Officer Wade J. Steel reported insider sales on 07/29/2025 via Form 4.

  • Securities sold: 12,596 shares at a weighted-average price of $118.0897 and 4,404 shares at $118.7354, totaling 17,000 shares.
  • Approximate proceeds: $2.0 million.
  • Ownership impact: Direct holdings fell from 119,416 to 102,416 shares (-14%). Steel also retains 10,451 indirect shares in a 401(k) plan, bringing total beneficial ownership to 112,867 shares.

No derivative transactions or Rule 10b5-1 plan were disclosed. The narrow trading range ($117.495–$119.025) and retention of a sizeable stake suggest routine portfolio rebalancing rather than a material change in corporate outlook.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: CCO sold 17k SKYW shares (≈14% direct stake); routine diversification, limited strategic signal.

The $2 million sale reduces Steel’s direct ownership to about 102 k shares, but he still controls over 112 k including the 401(k) plan. Volume is modest relative to average daily trading and no derivatives were exercised, indicating ordinary liquidity management. Insider selling can pressure sentiment short-term, yet the executive’s remaining position maintains alignment with shareholder interests. Absent earnings data or guidance shifts, the filing is neutral for valuation.

Insider Steel Wade J
Role CHIEF COMMERCIAL OFFICER
Sold 17,000 shs ($2.01M)
Type Security Shares Price Value
Sale Common Stock 12,596 $118.0897 $1.49M
Sale Common Stock 4,404 $118.7354 $523K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 102,416 shares (Direct); Common Stock — 10,451 shares (Indirect, By 401K Plan)
Footnotes (2)
  1. F1. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $117.495 and $118.455. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
  2. F2. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $118.46 and $119.025. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

How many SkyWest (SKYW) shares did Wade J. Steel sell?
He sold 17,000 common shares on 07/29/2025.

At what prices were the SKYW shares sold?
Weighted-average prices were $118.0897 and $118.7354, within $117.495–$119.025.

What is Wade J. Steel's shareholding after the sale?
He now directly owns 102,416 shares and indirectly owns 10,451 shares via a 401(k) plan.

Did the filing mention any derivative transactions?
No. The Form 4 lists no derivative security activity.

Is the sale part of a 10b5-1 trading plan?
The filing does not indicate that the transactions were executed under Rule 10b5-1.
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*
Steel Wade J
(Last) (First) (Middle)
444 S RIVER ROAD
(Street)
SAINT GEORGE UT 84790
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SKYWEST INC [ SKYW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHIEF COMMERCIAL OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025
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 07/29/2025 S 12,596 D $118.0897(1) 106,820 D
Common Stock 07/29/2025 S 4,404 D $118.7354(2) 102,416 D
Common Stock 10,451 I By 401K Plan
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
Explanation of Responses:
1. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $117.495 and $118.455. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
2. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $118.46 and $119.025. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
/s/ Wade J. Steel 07/31/2025
** 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.

Source: View Original Filing on SEC EDGAR