Form 4: Shimmick Corp Director Mitchell B. Goldsteen Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Mitchell B. Goldsteen of Shimmick Corp executed multiple sales of common stock between April 21 and April 23, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corp, sold 1,000 shares of common stock on each of April 21, 22, and 23, 2025.
- The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
- The prices obtained for the shares ranged from $1.42 to $1.58.
- After these transactions, Goldsteen indirectly owns 21,517,975 shares through GOHO, LLC.
- Goldsteen disclaims beneficial ownership of these shares except to the extent of any pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock sales by a company director. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of adoption of Rule 10b5-1 sales plan |
| 04/21/2025 | Date of first reported transaction (sale of 1,000 shares at $1.42) |
| 04/22/2025 | Date of second reported transaction (sale of 1,000 shares at $1.53) |
| 04/23/2025 | Date of third reported transaction (sale of 1,000 shares at $1.55) |
| 04/23/2025 | Date of Form 4 filing |
Keywords
Form 4, Shimmick Corp, Mitchell B. Goldsteen, Stock Sale, Rule 10b5-1, GOHO, LLC, Director, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.