Form 4: Shimmick Corp Director Herron J Brendan Buys Additional Shares
SEC Form 4 Filing
Director Herron J Brendan reports purchasing Shimmick Corp shares in multiple transactions between August 21 and August 23, 2024.
Summary
- On August 21, 2024, Herron J Brendan, a director of Shimmick Corp, purchased 4,371 shares of common stock at a weighted average price of $2.99.
- On August 22, 2024, Herron J Brendan purchased 10,000 shares of common stock at a weighted average price of $3.05.
- On August 23, 2024, Herron J Brendan purchased 2,629 shares of common stock at a weighted average price of $3.16.
- Following these transactions, Herron J Brendan directly owns 71,509 shares of Shimmick Corp common stock.
- The shares are held in a joint account with the Reporting Person's spouse.
Sentiment
Score: 7
Explanation: Director's share purchase is generally a positive signal, suggesting confidence in the company's prospects. However, the scale of the purchase is relatively small.
Positives
- Director's purchase of shares may signal confidence in the company's future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company believe its stock is undervalued.
Stakeholder Impact
- Shareholders may view the director's purchase as a positive signal.
- The director's increased stake aligns their interests further with those of other shareholders.
Key Dates
| Date | Description |
|---|---|
| 2024-07-12 | Date of Power of Attorney execution. |
| 2024-08-21 | Date of first reported transaction: purchase of 4,371 shares. |
| 2024-08-22 | Date of second reported transaction: purchase of 10,000 shares. |
| 2024-08-23 | Date of third reported transaction: purchase of 2,629 shares. |
| 2024-08-23 | Date of Form 4 filing. |
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