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 on April 10 and 11, 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 on April 10 and April 11, 2025.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• On April 10, 2025, 2,500 shares were sold at a weighted average price of $1.40, with prices ranging from $1.40 to $1.42.
• On April 11, 2025, 1,500 shares were sold at a weighted average price of $1.38, with prices ranging from $1.37 to $1.41.
• Following these transactions, Mr. Goldsteen directly owns no shares, but indirectly owns 21,527,975 shares through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing insider transactions. The sales are conducted under a pre-arranged plan, so it's neutral in sentiment.

Industry Context

Sales by insiders are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information at the time of the transactions. Investors often monitor insider transactions for signals about a company's prospects, but pre-planned sales are generally viewed as less informative.

Key Dates

Keywords

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