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

Director Mitchell B. Goldsteen of Shimmick Corp sold shares of common stock on March 13 and 14, 2025, according to a Form 4 filing.

Summary

• Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, reported the sale of common stock on March 13 and 14, 2025.
• On March 13, 2025, 3,350 shares were sold at a weighted average price of $1.755, with prices ranging from $1.70 to $1.80.
• On March 14, 2025, 7,900 shares were sold at a weighted average price of $1.62, with prices ranging from $1.57 to $1.645.
• Following these transactions, Mr. Goldsteen directly owns no shares, but indirectly owns 21,568,650 shares through GOHO, LLC, where he is the sole managing member.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports insider selling activity under a pre-arranged plan. It doesn't necessarily indicate a negative outlook for the company.

Industry Context

This filing reflects insider trading activity, which is routinely monitored by investors to gauge management's sentiment and confidence in the company's prospects. However, the sales were conducted under a pre-arranged 10b5-1 plan, which mitigates concerns about trading on inside information.

Stakeholder Impact

• Shareholders may react to the insider selling activity, although the pre-arranged nature of the sales plan may lessen the impact.

Key Dates