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

Director Mitchell B. Goldsteen sold shares of Shimmick Corp common stock on April 1st and 2nd, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, sold shares of common stock on April 1, 2025, and April 2, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 20, 2024.
• On April 1, 2025, 5,300 shares were sold at a weighted average price of $1.79, with prices ranging from $1.74 to $1.82.
• On April 2, 2025, 2,000 shares were sold at a weighted average price of $1.76, with prices ranging from $1.76 to $1.77.
• Following these transactions, Mr. Goldsteen directly owns no shares and indirectly owns 21,546,950 shares through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports stock sales under a pre-arranged plan. There's no indication of positive or negative implications for the company's performance.

Positives

• The sales were executed under a pre-arranged 10b5-1 trading plan, which can mitigate concerns about insider trading.

Risks

• Sales by a director, even under a 10b5-1 plan, could be perceived negatively by the market.

Industry Context

Sales by insiders are a common occurrence, and the use of a 10b5-1 plan is a standard practice to avoid accusations of trading on non-public information.

Stakeholder Impact

• The stock sales could potentially create downward pressure on the stock price, impacting shareholders.

Key Dates

Keywords

Form 4, insider trading, stock sale, Shimmick Corp, Mitchell B. Goldsteen, GOHO, LLC, Rule 10b5-1