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 May 15 and 16, 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 May 15 and 16, 2025.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• On May 15, 2025, 10,045 shares were sold at a weighted average price of $1.82, with prices ranging from $1.80 to $1.85.
• On May 16, 2025, 1,723 shares were sold at a weighted average price of $1.70, with prices ranging from $1.70 to $1.73.
• Following these transactions, Goldsteen directly owns no shares and indirectly owns 21,461,308 shares through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Sales by insiders are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on current inside information. Investors often monitor insider transactions for signals about a company's prospects, but pre-planned sales are generally viewed as less informative.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Shimmick Corp, Mitchell B. Goldsteen, Stock Sale, Rule 10b5-1, GOHO, LLC, Director, Insider Trading