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 over three days in May 2025 under a pre-arranged Rule 10b5-1 sales plan.

Summary

• Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, reported the sale of common stock on May 19, 2025, May 20, 2025, and May 21, 2025.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• On May 19, 2025, 2,000 shares were sold at a weighted average price of $1.58, with prices ranging from $1.56 to $1.63.
• On May 20, 2025, 1,500 shares were sold at a weighted average price of $1.66, with prices ranging from $1.65 to $1.69.
• On May 21, 2025, 700 shares were sold at a weighted average price of $1.57, with prices ranging from $1.56 to $1.58.
• Following these transactions, Mr. Goldsteen directly owns no shares but indirectly owns 21,457,108 shares through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-existing plan. It doesn't inherently indicate positive or negative performance for the company.

Industry Context

This filing is a routine disclosure of insider trading activity. Rule 10b5-1 plans are commonly used by corporate insiders to sell shares over time to avoid accusations of trading on material non-public information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the effect is likely minimal given the pre-planned nature of the transactions.

Key Dates

Keywords

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