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

Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp, sold 1,900 shares of common stock on July 3, 2025, through a pre-arranged Rule 10b5-1 sales plan.

Summary

• Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp (SHIM), reported a sale of common stock.
• The transaction involved the disposition of 1,900 shares of common stock.
• The sale occurred on July 3, 2025, at a weighted average price of $2.01 per share, with individual transactions ranging from $1.98 to $2.04.
• The sales were executed under a Rule 10b5-1 sales plan adopted by Mr. Goldsteen on August 20, 2024.
• Following this transaction, Mr. Goldsteen beneficially owns 21,347,067 shares indirectly through GOHO, LLC.

Sentiment

Score: 5

Explanation: The transaction is a routine insider sale under a pre-arranged Rule 10b5-1 plan, which is generally considered neutral. The amount sold is small relative to the reporting person's total beneficial ownership, indicating no significant change in sentiment.

Positives

• Sales were conducted under a pre-arranged Rule 10b5-1 plan, indicating a scheduled transaction rather than a reaction to new, adverse information.
• Mitchell B. Goldsteen retains significant beneficial ownership of 21,347,067 shares through GOHO, LLC, demonstrating continued substantial interest in Shimmick Corp.

Negatives

• A Director and 10% owner sold shares, which can sometimes be interpreted as a lack of confidence, although this specific sale was pre-planned.

Risks

• NA

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.
• 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 standard disclosure of an insider transaction, common across all publicly traded industries. It reflects a pre-scheduled sale by a director and significant shareholder, which is a routine event for corporate insiders managing their equity holdings.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: May observe a director's sale of shares, but the pre-arranged nature under a Rule 10b5-1 plan suggests it is not based on new, adverse information. The remaining substantial beneficial ownership indicates continued alignment with shareholder interests.

Next Steps

• NA

Key Dates

Recommendation

Keywords

Shimmick Corp, SHIM, Mitchell B. Goldsteen, insider trading, Form 4, SEC filing, stock sale, Rule 10b5-1, beneficial ownership, director, 10% owner