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

Director Mitchell B. Goldsteen sold Shimmick Corp shares over three days in May 2025 under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, reported selling shares of common stock between May 5th and May 7th, 2025.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• On May 5th, 2025, 1,000 shares were sold at a weighted average price of $1.71, with prices ranging from $1.70 to $1.71.
• On May 6th, 2025, 1,000 shares were sold at a weighted average price of $1.60, with prices ranging from $1.57 to $1.66.
• On May 7th, 2025, 2,800 shares were sold at a weighted average price of $1.41, with prices ranging from $1.36 to $1.54.
• Following these transactions, Mr. Goldsteen indirectly owns 21,482,499 shares through GOHO, LLC, where he is the sole managing member.
• Mr. Goldsteen disclaims beneficial ownership of these indirectly held securities except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting insider trading activity. It doesn't inherently convey positive or negative sentiment, as it simply discloses transactions.

Industry Context

Sales by insiders are a common occurrence, and pre-planned sales under Rule 10b5-1 plans are legal and allow insiders to diversify their holdings while avoiding accusations of trading on inside information.

Stakeholder Impact

• The stock sales could exert downward pressure on the stock price, potentially impacting shareholders.
• The sales are unlikely to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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