Form 4: Goldsteen Sells Shimmick Corp Shares

Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, sold shares on August 7 and 8, 2025, under a pre-arranged Rule 10b5-1 sales plan.

Summary

• Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, sold 2,000 shares of common stock on August 7, 2025, at a weighted average price of $1.72.
• He also sold 2,500 shares of common stock on August 8, 2025, at a weighted average price of $1.82.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• Following these transactions, Goldsteen directly owns no shares and indirectly owns 21,196,839 shares through GOHO, LLC.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. While the sales were pre-planned, any insider selling can create uncertainty.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 sales plan, suggesting they were planned well in advance and not based on immediate market conditions.

Negatives

• A director and 10% owner selling shares could be perceived negatively by some investors, although the pre-planned nature mitigates this concern.

Risks

• The filing does not explicitly mention risks.

Future Outlook

There are no explicit forward-looking statements in this filing.

Management Comments

• Mr. Goldsteen disclaims beneficial ownership of the securities held by GOHO, LLC, except to the extent of any pecuniary interest therein.

Industry Context

This filing reflects individual trading activity and doesn't provide specific insights into broader industry trends. However, monitoring insider transactions is a common practice in the financial industry to gauge sentiment.

Comparison to Industry Standards

• Insider selling is a common occurrence in publicly traded companies. Comparing the volume and frequency of these sales to those of peer companies like Tutor Perini or Granite Construction could provide a benchmark.
• Rule 10b5-1 plans are a standard tool used by insiders to manage sales in compliance with insider trading laws. The existence of such a plan is not unusual.
• Analyzing the trading patterns of other directors and large shareholders in similar construction and engineering firms would provide a more comprehensive view.

Stakeholder Impact

• Shareholders: The impact is likely minimal due to the small volume of shares sold and the pre-planned nature of the transactions.
• Employees: No direct impact is expected.
• Customers and Suppliers: No direct impact is expected.
• Creditors: No direct impact is expected.

Next Steps

• Monitor future filings for any additional transactions by Mr. Goldsteen or other insiders.
• Analyze the company's financial performance in upcoming quarterly and annual reports to assess the overall health of the company.

Key Dates

Recommendation

The stock should be held as the sale was pre-planned and the director still holds a large indirect stake in the company.

Keywords

Shimmick Corp, Mitchell Goldsteen, Form 4, stock sale, Rule 10b5-1, GOHO LLC, director, 10% owner