Form 4: Shimmick Corp Director Mitchell Goldsteen Sells Over 2,400 Shares Under Pre-Arranged Plan

Mitchell B. Goldsteen, a Director and 10% Owner of Shimmick Corp, reported the sale of 2,402 shares of common stock over three days in June 2025, executed under a Rule 10b5-1 trading plan established in August 2024.

Summary

• Mitchell B. Goldsteen, a Director and 10% Owner of Shimmick Corp (SHIM), reported multiple sales of the company's common stock.
• On June 16, 2025, Mr. Goldsteen sold 500 shares of common stock at a weighted average price of $1.71 per share.
• On June 17, 2025, an additional 1,200 shares were sold at a weighted average price of $1.62 per share.
• On June 18, 2025, 702 shares were sold at a weighted average price of $1.62 per share.
• These sales were conducted pursuant to a Rule 10b5-1 sales plan adopted by Mr. Goldsteen on August 20, 2024.
• Following these transactions, Mr. Goldsteen indirectly beneficially owns 21,404,864 shares of common stock through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to insider selling, but mitigated by the fact that the sales were conducted under a pre-arranged Rule 10b5-1 plan, which suggests the transactions were not based on new, undisclosed negative information.

Negatives

• Insider selling, even under a pre-arranged plan, can sometimes be perceived negatively by investors as it may suggest a lack of confidence in the company's future prospects, although this is not necessarily the case with 10b5-1 plans.

Risks

• The market's perception of insider selling, regardless of the underlying reason (such as a 10b5-1 plan), could potentially lead to short-term negative sentiment or downward pressure on the stock price.
• The weighted average prices of the sales ($1.71, $1.62, $1.62) are relatively low, which might be interpreted as a lack of belief in significant near-term price appreciation by the insider.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future financial performance or strategic direction. It solely reports insider trading activity.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity and does not provide information that directly relates to broader industry trends or competitive landscape. It reflects an individual's pre-planned stock sales.

Stakeholder Impact

• Shareholders may interpret the insider sales as a signal, potentially influencing their investment decisions, although the pre-arranged nature of the sales under a 10b5-1 plan often reduces the perceived negative impact compared to unannounced, reactive sales.

Key Dates

Keywords

Shimmick Corp, SHIM, Form 4, Insider Trading, Stock Sale, Beneficial Ownership, Mitchell B. Goldsteen, 10b5-1 Plan, Director, 10% Owner