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, sold a total of 10,987 shares of common stock over three days in July 2025, pursuant to a Rule 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp, reported sales of common stock.
• A total of 10,987 shares were sold across three transactions from July 7, 2025, to July 9, 2025.
• On July 7, 2025, 2,677 shares were sold at a weighted average price of $1.90 per share, with prices ranging from $1.86 to $1.92.
• On July 8, 2025, 7,000 shares were sold at a weighted average price of $1.97 per share, with prices ranging from $1.94 to $2.01.
• On July 9, 2025, 1,310 shares were sold at a weighted average price of $2.01 per share, with prices ranging from $1.97 to $2.03.
• These sales were executed under 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, is 21,336,080 shares.

Sentiment

Score: 6

Explanation: The sales by a director and 10% owner were conducted under a pre-arranged Rule 10b5-1 plan, which suggests a planned liquidity event rather than a reaction to negative company-specific news, thus mitigating potential negative sentiment associated with insider selling.

Positives

• Sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned transaction rather than a reaction to immediate company-specific news, which enhances transparency.

Negatives

• A Director and 10% owner sold a total of 10,987 shares of common stock, which can sometimes be perceived negatively by investors, even if pre-planned.

Risks

• Potential investor perception of insider selling, although mitigated by the pre-arranged Rule 10b5-1 plan.

Stakeholder Impact

• Shareholders: May interpret insider selling, even under a 10b5-1 plan, as a signal, though the pre-planned nature reduces immediate concern regarding company performance.

Key Dates

Recommendation

Keywords

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