Form 4: Shimmick Corp Director Mitchell B. Goldsteen Sells Shares Under 10b5-1 Plan

Director Mitchell B. Goldsteen of Shimmick Corp executed sales of common stock between March 17 and March 19, 2025, under a pre-arranged Rule 10b5-1 sales plan.

Summary

• Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, sold shares of common stock between March 17 and March 19, 2025.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• On March 17, 2025, 500 shares were sold at $1.70 per share.
• On March 18, 2025, 1,000 shares were sold at a weighted average price ranging from $1.70 to $1.71.
• On March 19, 2025, 1,000 shares were sold at a weighted average price ranging from $1.69 to $1.70.
• After these transactions, Mr. Goldsteen directly owns no shares and indirectly owns 21,566,150 shares through GOHO, LLC, where he is the sole managing member.
• Mr. Goldsteen disclaims beneficial ownership of the shares held by GOHO, LLC, except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by a company director. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for corporate insiders to use 10b5-1 plans to sell shares over time to avoid accusations of trading on material non-public information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

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