Manko Steve 4

4 · SkyWater Technology, Inc · Filed Apr 16, 2026

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Updated Apr 16, 2026

SkyWater (SKYT) CFO Steve Manko Exercises Options, Sells 84,215 Shares

What Happened

Steve Manko, Chief Financial Officer of SkyWater Technology (SKYT), exercised stock options and sold shares on April 14, 2026. He exercised a total of 30,908 option shares (9,215 @ $10.03; 11,000 @ $11.24; 10,693 @ $11.77) for combined exercise costs of $341,923. On the same date he disposed of 84,215 common shares in open-market sales for aggregate proceeds of $2,560,810 (weighted average sale price $30.41).

Key Details

Transaction date: April 14, 2026; Form 4 filed April 16, 2026 (timely).
Options exercised: 30,908 shares; total exercise cost $341,923.
Shares sold: 84,215 shares; proceeds $2,560,810; weighted average sale price $30.41 (range $30.01–$30.73).
Derivative entries at $0 reflect the conversion/surrender of option instruments upon exercise.
Trades were effected pursuant to a Rule 10b5‑1 trading plan entered November 21, 2025 (footnotes F1 and F3).
Vesting note: the underlying options vest ratably over four annual anniversaries, contingent on continued service (footnote F4).
Shares owned after the transactions are not disclosed in this filing.

Context

This filing shows an option exercise combined with contemporaneous open‑market sales. The 10b5‑1 plan note indicates these transactions were pre‑arranged trades rather than ad hoc sales. For retail investors, purchases generally signal a stronger direct bullish signal than routine, preplanned sales; here the activity appears to be a planned liquidity/option exercise event rather than an unsolicited buy.

Form 4

Period: 2026-04-14

CFO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-04-14$10.03/sh+9,215$92,426→ 234,089 total
Exercise/Conversion
Common Stock
[F1]
2026-04-14$11.24/sh+11,000$123,640→ 245,089 total
Exercise/Conversion
Common Stock
[F1]
2026-04-14$11.77/sh+10,693$125,857→ 255,782 total
Sale
Common Stock
[F1][F2]
2026-04-14$30.41/sh−84,215$2,560,810→ 171,567 total
Exercise/Conversion
Options to Acquire Common Stock
[F3][F4]
2026-04-14−9,215→ 27,646 total
Exercise: $10.03Exp: 2035-02-15→ Common Stock (9,215 underlying)
Exercise/Conversion
Options to Acquire Common Stock
[F3][F4]
2026-04-14−11,000→ 0 total
Exercise: $11.24Exp: 2032-02-25→ Common Stock (11,000 underlying)
Exercise/Conversion
Options to Acquire Common Stock
[F3][F4]
2026-04-14−10,693→ 32,082 total
Exercise: $11.77Exp: 2033-03-15→ Common Stock (10,693 underlying)

Footnotes (4)

[F1]The reported transaction was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on November 21, 2025.
[F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $30.010 to $30.730, inclusive.
[F3]The reported option exercise was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on November 21, 2025.
[F4]The options vest ratably on each of the first, second, third and fourth anniversaries of the grant date contingent on the reporting person's continuation in service on each applicable vesting date.

Signature

/s/ Christopher Hilberg, Attorney-in-Fact|2026-04-16

1 file