Sakamoto John 4
Research Summary
AI-generated summary
SkyWater (SKYT) President John Sakamoto Withholds 8,539 Shares for Taxes
What Happened
- John Sakamoto, President and Chief Operating Officer of SkyWater Technology (SKYT), had 8,539 shares withheld by the company on 2026-02-17 to satisfy tax withholding obligations related to the vesting of previously granted restricted stock units (RSUs). The shares were valued at $28.77 each, totaling approximately $245,667. The transaction is reported as a disposition under transaction code F (tax withholding).
Key Details
- Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (timely)
- Withheld shares: 8,539 at $28.77 per share; total value ≈ $245,667
- Transaction code: F (shares withheld to satisfy tax obligations)
- Footnote: F1 — Issuer withheld shares that would otherwise have been issuable to the reporting person to satisfy tax withholding on RSU vesting (per Rule 16b-3)
- Shares owned after transaction: Not specified in this Form 4
Context
- This is a routine tax-withholding/cashless-type disposition tied to RSU vesting, not an open-market sale; it reduces the insider’s outstanding shares but does not necessarily signal a change in sentiment. Routine withholdings are common when equity awards vest.