Manko Steve 4

What Happened
Steve Manko, Chief Financial Officer of SkyWater Technology (SKYT), exercised 9,708 stock options (cost $10.14 per share, total $98,439) and sold a total of 91,109 shares on March 16, 2026. The sales were reported as 9,708 shares (weighted avg price $27.84; proceeds $270,271) and 81,401 shares (weighted avg price $27.84; proceeds $2,266,188), for combined sale proceeds of about $2,536,459. The filing also lists a related derivative entry for 9,708 shares at $0 connected to the option exercise.

Key Details

• Transaction date: 2026-03-16; Form 4 filed 2026-03-18 (appears timely under the two-business-day reporting rule).
• Exercise: 9,708 options exercised at $10.14/share (total cost $98,439).
• Sales: 9,708 shares sold (weighted avg $27.84; range $27.54–$28.10) and 81,401 shares sold at the same weighted avg price; total proceeds ≈ $2.54M.
• Footnotes: F1 — sales executed under a Rule 10b5-1 trading plan entered Nov 21, 2025; F2 — sale price is a weighted average for multiple trades ($27.54–$28.10); F3 — options vest ratably over four anniversaries of the grant date.
• Shares owned after transaction: not specified in the Form 4 disclosure provided.

Context
The filing shows an option exercise followed by sales on the same date, consistent with a cashless or simultaneous sale of exercised shares. The transactions were executed under a pre-established 10b5-1 plan, which sets automated trading instructions and helps insulate the insider from accusations of opportunistic timing. These are insider sales (not purchases), which are routine liquidity events and do not, by themselves, indicate management’s view of the company’s prospects.