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

Director Mitchell B. Goldsteen of Shimmick Corp executed multiple sales of common stock between April 7 and April 9, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, sold shares of common stock between April 7 and April 9, 2025.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• On April 7, 2025, 4,100 shares were sold at a weighted average price of $1.38, with prices ranging from $1.37 to $1.40.
• On April 8, 2025, 1,000 shares were sold at $1.38.
• On April 9, 2025, 4,675 shares were sold at a weighted average price of $1.36, with prices ranging from $1.34 to $1.41.
• Following these transactions, Goldsteen directly owns no shares, but indirectly owns 21,531,975 shares through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are part of a pre-planned trading strategy. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Sales by insiders are common and often pre-planned using 10b5-1 plans to avoid accusations of trading on inside information. The market will likely interpret this as a routine transaction unless the size is unusually large or coincides with other negative news.

Stakeholder Impact

• The share sales could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

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