Form 4: Shimmick Corp Director Mitchell B. Goldsteen Sells 2,000 Shares

Director Mitchell B. Goldsteen of Shimmick Corp sold 2,000 shares of common stock at an average price of $1.52 on April 17, 2025, according to a Form 4 filing.

Summary

• On April 17, 2025, Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, sold 2,000 shares of common stock.
• The shares were sold at a weighted average price of $1.52, with individual transactions ranging from $1.51 to $1.53.
• The sale was executed under a pre-arranged Rule 10b5-1 sales plan adopted on August 20, 2024.
• Following the transaction, Goldsteen directly owns 0 shares and indirectly owns 21,520,975 shares through GOHO, LLC.
• Goldsteen disclaims beneficial ownership of the indirectly held shares except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the sale was pre-planned under a Rule 10b5-1 plan. It's a routine transaction and doesn't necessarily indicate a negative outlook.

Negatives

• A director selling shares could be perceived negatively by investors.

Risks

• Further sales by the director could put downward pressure on the stock price.

Industry Context

Sales by insiders are common and are usually not a cause for concern unless they are followed by further sales.

Stakeholder Impact

• The sale could have a minor negative impact on shareholder sentiment.

Key Dates

Keywords

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