Form 4: Shimmick Corp Director Sells Shares Under Pre-Arranged 10b5-1 Plan

Mitchell B. Goldsteen, a Director and 10% Owner of Shimmick Corp, executed pre-planned sales of common stock totaling 3,200 shares at a weighted average price of $1.99 per share.

Summary

• Mitchell B. Goldsteen, a Director and 10% Owner of Shimmick Corp (SHIM), reported sales of common stock.
• On July 10, 2025, 2,200 shares of common stock were sold directly at a weighted average price of $1.99 per share.
• On July 11, 2025, an additional 1,000 shares of common stock were sold directly at a weighted average price of $1.99 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 21,332,880 shares of common stock through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can be perceived negatively, the fact that these sales were conducted under a pre-arranged 10b5-1 plan mitigates concerns that the sales are based on new, negative non-public information.

Positives

• No explicit positives are detailed in this Form 4 filing, which primarily reports insider stock transactions.

Negatives

• The sale of shares by a director and significant owner, even if pre-planned, can sometimes be perceived by the market as a lack of confidence or a signal of limited upside potential, though this is mitigated by the 10b5-1 plan.

Risks

• The document does not explicitly list company-specific risks; it is a disclosure of insider trading activity.

Future Outlook

This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future outlook.

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.
• The reporting person owns the securities indirectly through GOHO, LLC, of which Mr. Goldsteen is the sole managing member. Mr. Goldsteen disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction and does not provide information related to broader industry trends or competitor activities.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders may perceive the insider sales as a minor negative signal, although the pre-planned nature of the transactions under a 10b5-1 plan reduces the potential for significant negative interpretation.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4 filing beyond the completion of the reported stock sales.

Key Dates

Keywords

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