Form 4: Shimmick Corp Director and 10% Owner Sells Over 35,000 Shares Under Pre-Arranged Trading Plan

Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp, reported the sale of 35,809 shares of common stock over three days in early July 2025, executed under a pre-existing Rule 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp (SHIM), reported the sale of 35,809 shares of the company's common stock.
• The sales occurred on June 30, 2025, July 1, 2025, and July 2, 2025.
• On June 30, 2025, 1,700 shares were sold at a weighted average price of $1.72 per share, with prices ranging from $1.71 to $1.74.
• On July 1, 2025, 29,639 shares were sold at a weighted average price of $1.99 per share, with prices ranging from $1.66 to $2.21.
• On July 2, 2025, 4,470 shares were sold at a weighted average price of $1.96 per share, with prices ranging from $1.84 to $2.05.
• All sales were executed pursuant to a Rule 10b5-1 sales plan adopted by Mr. Goldsteen on August 20, 2024.
• Following these transactions, Mr. Goldsteen's indirect beneficial ownership through GOHO, LLC stands at 21,348,967 shares.

Sentiment

Score: 6

Explanation: The sales by a director and 10% owner are under a pre-arranged Rule 10b5-1 plan, which mitigates any negative sentiment typically associated with insider selling, as it indicates a planned divestment rather than a reaction to new information.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a structured and pre-determined divestment rather than a reaction to recent company performance or news.

Negatives

• A Director and 10% owner selling shares, even under a 10b5-1 plan, represents a reduction in insider ownership, which can sometimes be perceived as a slight negative signal, though this is mitigated by the pre-planned nature.
• The sales occurred at prices ranging from $1.66 to $2.21, which might be considered low relative to potential future growth, depending on the company's long-term prospects.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This Form 4 filing reports routine insider stock sales under a pre-arranged plan, which is a common practice across industries for executives and large shareholders to manage their personal portfolios and liquidity. It does not provide specific insights into broader industry trends or competitive dynamics.

Comparison to Industry Standards

• This Form 4 filing details insider stock sales, which are standard disclosures for publicly traded companies.
• The use of a Rule 10b5-1 plan is a common and accepted practice for insiders to sell shares without being accused of trading on material non-public information.
• There are no specific comparable companies, projects, or results mentioned in this filing to assess against industry benchmarks.

Related Party Transactions

• Mitchell B. Goldsteen owns the securities indirectly through GOHO, LLC, of which he is the sole managing member. This constitutes a related party relationship for the beneficial ownership.

Stakeholder Impact

• Shareholders: The sale of shares by a significant insider could be perceived as a slight negative signal, potentially influencing investor sentiment, although the Rule 10b5-1 plan mitigates this. The reduction in direct insider ownership might slightly dilute the alignment of interests, but the remaining indirect ownership is substantial.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this insider trading report.

Key Dates

Recommendation

Keywords

Shimmick Corp, SHIM, Mitchell B. Goldsteen, Insider Trading, Form 4, SEC Filing, Stock Sale, Rule 10b5-1, Director Sales, 10% Owner