Form 4: Shimmick Corp Director Mitchell B. Goldsteen Sells Shares
SEC Filing
Director Mitchell B. Goldsteen of Shimmick Corp executed sales of common stock on April 3rd and 4th, 2025, according to a Form 4 filing.
Summary
- Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, sold shares of common stock on April 3rd and 4th, 2025.
- On April 3rd, 2,200 shares were sold at a weighted average price of $1.70, with prices ranging from $1.67 to $1.71.
- On April 4th, 3,000 shares were sold at a weighted average price of $1.39, with prices ranging from $1.31 to $1.44.
- Following these transactions, Goldsteen indirectly owns 21,541,750 shares through GOHO, LLC, where he is the sole managing member.
- The sales were conducted under a pre-arranged Rule 10b5-1 sales plan adopted on August 20, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock sales under a pre-arranged 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, which is common for directors and officers of publicly traded companies. The Rule 10b5-1 plan suggests the sales were pre-planned and not based on current market information.
Key Dates
| Date | Description |
|---|---|
| 2024-08-20 | Date of adoption of Rule 10b5-1 sales plan |
| 2025-04-03 | Date of first stock sale |
| 2025-04-04 | Date of second stock sale |
Keywords
Form 4, insider trading, stock sale, Mitchell B. Goldsteen, Shimmick Corp, SHIM, GOHO, LLC, Rule 10b5-1
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