<SEC-DOCUMENT>0001994955-26-000007.txt : 20260731
<SEC-HEADER>0001994955-26-000007.hdr.sgml : 20260731
<ACCEPTANCE-DATETIME>20260731105038
ACCESSION NUMBER:		0001994955-26-000007
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260731
FILED AS OF DATE:		20260731
DATE AS OF CHANGE:		20260731

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Sakamoto John
		CENTRAL INDEX KEY:			0001994955
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40345
		FILM NUMBER:		261226343

	MAIL ADDRESS:	
		STREET 1:		2401 EAST 86TH STREET
		CITY:			BLOOMINGTON
		STATE:			MN
		ZIP:			55425

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SkyWater Technology, LLC
		CENTRAL INDEX KEY:			0001819974
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				852992192
		FISCAL YEAR END:			1229

	BUSINESS ADDRESS:	
		STREET 1:		2401 EAST 86TH STREET
		CITY:			BLOOMINGTON
		STATE:			MN
		ZIP:			55425
		BUSINESS PHONE:		952-851-5200

	MAIL ADDRESS:	
		STREET 1:		2401 EAST 86TH STREET
		CITY:			BLOOMINGTON
		STATE:			MN
		ZIP:			55425

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SkyWater Technology, Inc
		DATE OF NAME CHANGE:	20210401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CMI Acquisition, LLC
		DATE OF NAME CHANGE:	20200803
</SEC-HEADER>
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<DESCRIPTION>FORM 4
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    <footnotes>
        <footnote id="F1">Represents shares of common stock of SkyWater Technology, Inc. (&quot;SkyWater&quot;) disposed of pursuant to the consummation of the transactions contemplated by the Agreement and Plan of Merger (the &quot;Merger Agreement&quot;), dated as of January 25, 2026, by and among SkyWater, IonQ, Inc. (&quot;IonQ&quot;), Merger Subsidiary 1 Inc. (&quot;Merger Subsidiary 1&quot;), and Iris Merger Subsidiary 2 LLC (now known as SkyWater Technology, LLC) (&quot;Surviving Company&quot;), including the merger of Iris Merger Subsidiary 1 with and into SkyWater (the &quot;First Merger&quot;), immediately followed by the merger of SkyWater with and into Surviving Company (the &quot;Second Merger&quot;). At the effective time of the First Merger (the &quot;Effective Time&quot;), each share of SkyWater common stock outstanding immediately prior to the Effective Time (subject to certain exceptions described in the Merger Agreement) automatically converted into the right to receive $15 in cash and 0.4883 shares of common stock of IonQ plus cash in lieu of any fractional shares.</footnote>
        <footnote id="F2">Represents restricted stock units relating to shares of SkyWater common stock. Pursuant to the Merger Agreement, at the Effective Time, each award of restricted stock units relating to shares of SkyWater common stock held by a service provider other than a non-employee member of SkyWater's board of directors that was outstanding, whether vested or unvested, automatically converted into a restricted stock unit award corresponding to a number of shares of IonQ common stock based on the Equity Award Exchange Ratio (as defined in the Merger Agreement), and is otherwise subject to the same terms and conditions (including any existing accelerated vesting provisions) as applied immediately prior to the Effective Time, with any related accrued but unpaid dividend equivalent rights carrying over and remaining payable in accordance with such preexisting terms.</footnote>
        <footnote id="F3">Represents options to purchase shares of SkyWater common stock. Pursuant to the Merger Agreement, at the Effective Time, each outstanding option to purchase shares of SkyWater common stock that was outstanding, whether vested or unvested, automatically converted into an option to purchase a number of shares of IonQ common stock based on the Equity Award Exchange Ratio (as defined in the Merger Agreement), at an adjusted exercise price (as determined in accordance with the formula in the Merger Agreement), and is otherwise subject to the same terms and conditions as applied immediately prior to the Effective Time.</footnote>
        <footnote id="F4">Prior to the Effective Time, the options were scheduled to 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.</footnote>
    </footnotes>

    <remarks>AS NOTED IN FOOTNOTE 1, IN THE SECOND MERGER, SKYWATER MERGED WITH AND INTO SKYWATER TECHNOLOGY, LLC (FORMERLY KNOWN AS IRIS MERGER SUBSIDIARY 2 LLC), WITH SKYWATER TECHNOLOGY, LLC SURVIVING THE MERGER.</remarks>

    <ownerSignature>
        <signatureName>/s/ Christopher Hilberg, Attorney-in-Fact</signatureName>
        <signatureDate>2026-07-31</signatureDate>
    </ownerSignature>
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</SEC-DOCUMENT>
