Loren A. Unterseher - 04 Apr 2025 Form 4 Insider Report for SkyWater Technology, Inc (SKYT)

Signature
/s/ Loren A. Unterseher
Issuer symbol
SKYT
Transactions as of
04 Apr 2025
Net transactions value
-$2,251,684
Form type
4
Filing time
23 May 2025, 16:05:23 UTC
Previous filing
18 Mar 2025
Next filing
29 May 2025

Reporting Owners (3)

Name Relationship Address Signature Signature date CIK
Unterseher Loren A Director, 10%+ Owner 4450 EXCELSIOR BLVD, SUITE 440, MINNEAPOLIS /s/ Loren A. Unterseher 23 May 2025 0001741560
CMI Oxbow Partners, LLC Director, 10%+ Owner 4450 EXCELSIOR BOULEVARD, SUITE 440, MINNEAPOLIS /s/ Loren A. Unterseher 23 May 2025 0001857392
Oxbow Industries, LLC Director, 10%+ Owner 4450 EXCELSIOR BOULEVARD, SUITE 440, MINNEAPOLIS /s/ Loren A. Unterseher 23 May 2025 0001857514

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYT Common Stock Other $990,591 -162,392 -100% $6.10 2 04 Apr 2025 By revocable trust F1
transaction SKYT Common Stock Award $0 +11,428 +93% $0.000000 23,713 21 May 2025 Direct F2, F3
transaction SKYT Common Stock Sale $1,261,093 -134,049 -1.2% $9.41 11,026,783 22 May 2025 Direct F4, F5
holding SKYT Common Stock 2,480,746 04 Apr 2025 By 2023 grantor retained annuity trust
holding SKYT Common Stock 230,580 04 Apr 2025 By trust for benefit of son F6
holding SKYT Common Stock 230,580 04 Apr 2025 By trust for benefit of son F6
holding SKYT Common Stock 230,579 04 Apr 2025 By trust for benefit of daughter F6
holding SKYT Common Stock 230,579 04 Apr 2025 By trust for benefit of daughter F6
holding SKYT Common Stock 3 04 Apr 2025 Direct F7
holding SKYT Common Stock 52,317 04 Apr 2025 By spouse
holding SKYT Common Stock 531,283 04 Apr 2025 By family irrevocable trust
holding SKYT Common Stock 1,229,864 04 Apr 2025 By 2024 grantor retained annuity trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 4, 2025, 40,598 shares of common stock were transferred from the revocable trust to each of the four trusts for benefit of Mr. Unterseher's children in exchange for cash contributions to the revocable trust representing the fair market value of the shares based on the closing price of the issuer's common stock on the same date. Mr. Unterseher remains an indirect beneficial owner of the subject securities, which are now held by the trusts.
F2 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.
F3 Shares owned directly by Mr. Unterseher.
F4 Reflects the weighted average price of 134,049 shares of common stock of SkyWater Technology, Inc. sold in multiple transactions on May 22, 2025 with sale prices ranging from $9.40 to $9.4991 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F5 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.
F6 On April 4, 2025, the reporting person transferred a 40,598 shares of common stock from the revocable trust to each of the four trusts for benefit of his children for no consideration. The reporting person remains a beneficial owner of the securities held by the trusts.
F7 Oxbow directly holds the shares reported in Column 5.