Form 4: Shimmick Corp Director Mitchell Goldsteen Reports Sales Under Pre-Arranged Trading Plan

Shimmick Corp Director and 10% owner Mitchell Goldsteen reported the sale of 11,150 shares of common stock over three days in June 2025, executed under a pre-existing Rule 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp (SHIM), reported the sale of common stock.
• The sales occurred on June 23, 2025 (6,000 shares at a weighted average price of $1.60), June 24, 2025 (4,250 shares at a weighted average price of $1.66), and June 25, 2025 (900 shares at a weighted average price of $1.59).
• These transactions were executed pursuant to a Rule 10b5-1 sales plan adopted by Mr. Goldsteen on August 20, 2024.
• Following these transactions, Mr. Goldsteen's indirect beneficial ownership through GOHO, LLC, decreased to 21,392,814 shares.

Sentiment

Score: 5

Explanation: The document reports routine insider stock sales executed under a pre-arranged Rule 10b5-1 plan, which is a neutral event as it indicates planned rather than reactive selling. However, any insider selling, especially by a director and 10% owner, can be perceived with slight negativity by the market.

Negatives

• Director and 10% owner Mitchell B. Goldsteen sold a total of 11,150 shares of Shimmick Corp common stock, reducing his direct beneficial ownership.

Risks

• Potential for negative investor perception of insider selling, even if pre-planned, which could lead to slight negative sentiment.

Future Outlook

NA

Management Comments

• The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person on August 20, 2024.
• Mr. Goldsteen disclaims beneficial ownership of these securities (held by GOHO, LLC), except to the extent of any pecuniary interest therein.

Industry Context

NA

Stakeholder Impact

• Shareholders: The sales by a director and 10% owner reduce insider ownership, which could be viewed with slight concern, though the pre-arranged nature of the sales (10b5-1 plan) mitigates the negative implications.

Key Dates

Recommendation

Keywords

Shimmick Corp, SHIM, Form 4, insider trading, stock sale, Mitchell Goldsteen, 10b5-1 plan, beneficial ownership, director, 10% owner