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

Director Mitchell B. Goldsteen of Shimmick Corp sold shares of common stock between April 14 and April 16, 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 the company's common stock.
• The sales occurred on April 14, 15, and 16, 2025.
• On April 14, 2025, 1,000 shares were sold at a weighted average price of $1.44.
• On April 15, 2025, 2,000 shares were sold at a weighted average price of $1.49.
• On April 16, 2025, 2,000 shares were sold at a weighted average price of $1.55.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• After these transactions, Goldsteen indirectly owns 21,522,975 shares through GOHO, LLC.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports stock sales under a pre-arranged plan, which is a common practice.

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 stock sales could have a minor negative impact on shareholder sentiment, but the impact is likely to be minimal given the pre-planned nature of the transactions.

Key Dates

Keywords

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