Manko Steve 4

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.