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Filing Details

Accession Number:: 0001415889-25-014419
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-05-23 16:05:23
Reporting Period:: 2025-04-04

Filing Date:: 2025-05-23
Accepted Time:: 2025-05-23 16:05:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1819974	Skywater Technology Inc	SKYT	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1741560	A Loren Unterseher	4450 Excelsior Blvd Suite 440 Minneapolis MN 55416	No	No	No	No
1857392	Cmi Oxbow Partners, Llc	4450 Excelsior Boulevard Suite 440 Minneapolis MN 55416	Yes	No	Yes	No
1857514	Oxbow Industries, Llc	4450 Excelsior Boulevard Suite 440 Minneapolis MN 55416	Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2025-04-04	162,392	$6.10	2	No	4	J	Indirect	By revocable trust
Common Stock	Acquisiton	2025-05-21	11,428	$0.00	23,713	No	4	A	Direct
Common Stock	Disposition	2025-05-22	134,049	$9.41	11,026,783	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	By revocable trust
No	4	A	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,480,746	Indirect	By 2023 grantor retained annuity trust
Common Stock	230,580	Indirect	By trust for benefit of son
Common Stock	230,580	Indirect	By trust for benefit of son
Common Stock	230,579	Indirect	By trust for benefit of daughter
Common Stock	230,579	Indirect	By trust for benefit of daughter
Common Stock	3	Direct
Common Stock	52,317	Indirect	By spouse
Common Stock	531,283	Indirect	By family irrevocable trust
Common Stock	1,229,864	Indirect	By 2024 grantor retained annuity trust

Footnotes

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.
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.
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.
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.
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.
Oxbow directly holds the shares reported in Column 5.