Form 4: Shimmick Corp Director Mitchell Goldsteen Sells Over 7,000 Shares Under Pre-Arranged Trading Plan

Shimmick Corp Director and 10% owner Mitchell B. Goldsteen sold 7,032 shares of common stock across three transactions in early June 2025, pursuant to a Rule 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp (SHIM), sold a total of 7,032 shares of the company's common stock between June 2, 2025, and June 4, 2025.
• The sales were executed under a pre-arranged Rule 10b5-1 sales plan adopted on August 20, 2024.
• On June 2, 2025, 1,032 shares were sold at a weighted average price of $1.62 per share.
• On June 3, 2025, 3,500 shares were sold at a weighted average price of $1.56 per share.
• On June 4, 2025, 2,500 shares were sold at a weighted average price of $1.49 per share.
• Following these transactions, Mr. Goldsteen's indirect beneficial ownership through GOHO, LLC stands at 21,434,734 shares of Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral to slightly negative. While insider selling can be a negative signal, the fact that it was conducted under a pre-arranged Rule 10b5-1 plan mitigates the negative interpretation, as it suggests the sales were for personal financial planning rather than a reaction to adverse company developments.

Negatives

• The sales represent a reduction in direct beneficial ownership by a key insider and 10% owner, which can sometimes be perceived negatively by the market.
• The selling prices declined over the three days of transactions, from $1.62 to $1.49 per share.

Risks

• While executed under a Rule 10b5-1 plan, significant insider selling, especially by a 10% owner, could be interpreted by investors as a lack of confidence in the company's near-term prospects, potentially leading to negative market sentiment.

Future Outlook

NA

Management Comments

• The sales reported 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 the indirectly held securities (through GOHO, LLC), except to the extent of any pecuniary interest therein.

Industry Context

This Form 4 filing is specific to Shimmick Corp and its insider transactions, and does not provide broader industry context or trends.

Related Party Transactions

• Mitchell B. Goldsteen indirectly owns 21,434,734 shares through GOHO, LLC, of which he is the sole managing member. This represents a related party ownership structure.

Stakeholder Impact

• Shareholders may interpret the insider selling as a signal, potentially influencing their investment decisions, although the 10b5-1 plan context reduces the immediate negative implication.

Key Dates

Keywords

Shimmick Corp, SHIM, Form 4, Insider Selling, Mitchell Goldsteen, Rule 10b5-1, Director, 10% Owner, Equity Sales, Common Stock