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 on May 8th and 9th, 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 on May 8th and May 9th, 2025.
• The sales were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• On May 8th, 2,500 shares were sold at a weighted average price of $1.39, with prices ranging from $1.38 to $1.40.
• On May 9th, 1,275 shares were sold at a weighted average price of $1.40, with prices ranging from $1.40 to $1.43.
• Following these transactions, Mr. Goldsteen directly owns no shares, but indirectly owns 21,478,724 shares through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions were pre-planned under a 10b5-1 plan and do not necessarily reflect a change in the director's outlook on the company.

Industry Context

Sales by insiders are a common occurrence and are often viewed in the context of the individual's financial planning. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

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