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

Director Mitchell B. Goldsteen of Shimmick Corp sold shares of common stock on May 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, executed sales of common stock on May 1st and 2nd, 2025.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on August 20, 2024.
• On May 1st, 3,764 shares were sold at a weighted average price of $1.75, with prices ranging from $1.71 to $1.78.
• On May 2nd, 2,071 shares were sold at a weighted average price of $1.76, with prices ranging from $1.73 to $1.79.
• Following these transactions, Mr. Goldsteen directly owns no shares, but indirectly owns 21,487,299 shares through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transactions are part of a pre-planned trading strategy. The sales themselves could be seen as slightly negative, but the 10b5-1 plan mitigates this.

Positives

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

Negatives

• The sales by a director and 10% owner could be perceived negatively by some investors, although the 10b5-1 plan mitigates this concern.

Risks

• Continued sales by Mr. Goldsteen could put downward pressure on the stock price.

Industry Context

Sales by insiders are common and often pre-planned. The use of a 10b5-1 plan is a standard practice to avoid accusations of trading on inside information.

Comparison to Industry Standards

• Rule 10b5-1 plans are a common tool used by corporate insiders across various industries to manage their stock holdings and avoid potential insider trading accusations.
• The volume of shares sold is relatively small compared to the total shares outstanding, suggesting it's unlikely to have a significant impact on the overall market.

Stakeholder Impact

• The stock sales could have a minor impact on shareholder sentiment.

Key Dates

Keywords

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