Form 4: Mitchell B. Goldsteen of Shimmick Corp Reports Stock Sales Under 10b5-1 Plan

Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, reported the sale of common stock over three days under a pre-arranged 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, filed a Form 4 detailing sales of common stock.
• The sales occurred on May 12, 2025, May 13, 2025, and May 14, 2025.
• A total of 3,000 shares were sold on May 12 at an average price of $1.54.
• On May 13, 2,127 shares were sold at an average price of $1.70.
• 521 shares were sold on May 14 at an average price of $1.69.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• After these transactions, Mr. Goldsteen indirectly owns 21,473,076 shares through GOHO, LLC.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading activity and provide transparency into the buying and selling activities of company insiders. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The stock sales by a director and 10% owner could be perceived negatively by some shareholders, potentially creating downward pressure on the stock price, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Shimmick Corp, Mitchell B. Goldsteen, Stock Sales, Rule 10b5-1, GOHO, LLC, Director, 10% Owner