Manko Steve 4
4 · SkyWater Technology, Inc · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
SkyWater (SKYT) CFO Steve Manko Sells 2,842 Shares for Tax Withholding
What Happened
Steve Manko, Chief Financial Officer of SkyWater Technology, disposed of 2,842 shares on 2026-03-16 at $27.86 per share, generating proceeds of about $79,178. The sale was a non-discretionary "sell-to-cover" transaction to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs), not an open-market sale intended as a market-timing trade.
Key Details
- Transaction date: 2026-03-16
- Price: $27.86 per share
- Shares disposed: 2,842; proceeds ≈ $79,178
- Shares owned after transaction: not specified in the provided filing excerpt
- Footnote F1: Represents shares sold to cover statutory tax withholding on RSU vesting
- Filing: Report filed 2026-03-18 (filed within the typical 2-business-day Form 4 window)
Context
This was a routine tax-withholding sale related to RSU vesting (often called a "sell-to-cover"). Such transactions are administrative and do not necessarily reflect the insider's view on the company's stock. For investors, purchases and open-market sales by insiders can be more informative than sell-to-cover transactions.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-16$27.86/sh−2,842$79,178→ 296,567 total
Footnotes (1)
- [F1]Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of restricted stock units.