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

Director Mitchell B. Goldsteen of Shimmick Corp sold shares of common stock on April 24 and 25, 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 April 24 and 25, 2025.
• On April 24, 2025, 1,301 shares were sold at a weighted average price of $1.57, with individual prices ranging from $1.53 to $1.60.
• On April 25, 2025, 700 shares were sold at a weighted average price of $1.61, with individual prices ranging from $1.60 to $1.61.
• Following these transactions, Mr. Goldsteen directly owns no shares and indirectly owns 21,515,974 shares through GOHO, LLC, where he is the sole managing member.
• The sales were executed under a pre-arranged Rule 10b5-1 sales plan adopted on August 20, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports the sale of shares under a pre-arranged plan, which doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This filing reflects insider trading activity, which is a common occurrence. The sale was executed under a pre-arranged 10b5-1 plan, which is a legal way for insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• The sale of shares by a director could potentially create uncertainty among shareholders, although the pre-arranged nature of the sale mitigates this concern.

Key Dates

Keywords

Form 4, insider trading, stock sale, Shimmick Corp, Goldsteen, SHIM, GOHO, LLC, Rule 10b5-1