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

Director Mitchell B. Goldsteen sold Shimmick Corp shares between March 24 and March 26, 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 24 and March 26, 2025.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• On March 24, 2025, 2,500 shares were sold at a weighted average price of $1.86, with prices ranging from $1.79 to $1.91.
• On March 25, 2025, 1,500 shares were sold at a weighted average price of $1.79, with prices ranging from $1.78 to $1.80.
• On March 26, 2025, 400 shares were sold at a weighted average price of $1.75, with prices ranging from $1.74 to $1.78.
• After these transactions, Mr. Goldsteen indirectly owns 21,554,250 shares through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 5

Explanation: The document reports routine stock sales under a pre-arranged plan, indicating a neutral sentiment. There's no indication of distress or unusual activity.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sales could exert downward pressure on the share price, potentially impacting shareholders.
• The sales are unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Shimmick Corp, Mitchell B. Goldsteen, GOHO, LLC, Rule 10b5-1, Share Sale, Director, Insider Trading