Form 4: Shimmick Corp Director and 10% Owner Sells Shares Under Pre-Arranged Plan

Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp, reported the sale of 2,052 shares of common stock over two days in late May 2025, executed under a Rule 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, identified as both a Director and a 10% owner of Shimmick Corp (SHIM), reported transactions involving the company's common stock.
• On May 29, 2025, Mr. Goldsteen directly sold 1,052 shares of Common Stock, par value $0.01 per share, at a weighted average price of $1.71 per share. The shares were sold in a price range of $1.70 to $1.74.
• On May 30, 2025, an additional 1,000 shares of Common Stock were directly sold at a price of $1.67 per share.
• Both sales were conducted pursuant to a Rule 10b5-1 sales plan, which was adopted by Mr. Goldsteen on August 20, 2024.
• Following these transactions, Mr. Goldsteen's indirect beneficial ownership through GOHO, LLC stands at 21,441,766 shares of Common Stock. Mr. Goldsteen is the sole managing member of GOHO, LLC and disclaims beneficial ownership except to the extent of any pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly negative. While insider selling can be a negative signal, the fact that it was conducted under a Rule 10b5-1 plan mitigates the negative interpretation, suggesting a pre-planned financial move rather than a reaction to adverse company developments. The volume sold is also relatively small compared to total indirect holdings.

Positives

• The sales were executed under a pre-arranged Rule 10b5-1 sales plan, adopted on August 20, 2024, which indicates the transactions were not based on new, non-public information.

Negatives

• A Director and 10% owner selling shares, even under a 10b5-1 plan, can sometimes be perceived as a negative signal by the market, potentially indicating a lack of confidence or a need for liquidity.

Risks

• The market's perception of insider selling, regardless of a 10b5-1 plan, could lead to negative sentiment or downward pressure on the stock price.

Future Outlook

This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports past insider transactions.

Industry Context

This filing is a standard insider transaction report and does not provide information that allows for an analysis of broader industry trends or competitive landscape. Its impact is specific to Shimmick Corp and its shareholder base.

Related Party Transactions

• Mitchell B. Goldsteen owns securities indirectly through GOHO, LLC, of which he is the sole managing member. He disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein. This represents a related party relationship for beneficial ownership.

Stakeholder Impact

• Shareholders may interpret the insider selling as a signal, potentially influencing their investment decisions, although the 10b5-1 plan aims to reduce such speculative interpretations.

Key Dates

Keywords

Shimmick Corp, SHIM, Form 4, insider trading, beneficial ownership, stock sale, Mitchell B. Goldsteen, 10b5-1 plan, director, 10% owner