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

Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp, reported the sale of 8,790 shares of common stock over two days in June 2025, executed under a pre-established Rule 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp (SHIM), reported two direct sales of common stock.
• On June 12, 2025, Mr. Goldsteen sold 8,090 shares of common stock at a weighted average price of $1.7 per share, with prices ranging from $1.61 to $1.83.
• On June 13, 2025, an additional 700 shares of common stock were sold at a weighted average price of $1.66 per share, with prices ranging from $1.64 to $1.69.
• Both sales 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 stands at 21,407,266 shares of Common Stock, par value $0.01 per share.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While insider selling can sometimes be viewed negatively, the fact that these sales were conducted under a pre-established Rule 10b5-1 plan mitigates concerns that the insider is selling based on new, negative material non-public information. It suggests a planned diversification or liquidity event rather than a loss of confidence.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, which indicates the transactions were pre-scheduled and not based on new, non-public information, enhancing transparency and reducing concerns about opportunistic insider selling.

Negatives

• The transactions represent a reduction in the direct beneficial ownership of common stock by a key insider (Director and 10% owner).

Future Outlook

The document does not contain any forward-looking statements or guidance regarding Shimmick Corp's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and does not provide broader industry context or trends. It reflects an individual's pre-planned stock sales rather than a company-wide strategic move.

Related Party Transactions

• Mitchell B. Goldsteen owns a significant portion of his securities indirectly through GOHO, LLC, of which he is the sole managing member. He disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein.

Stakeholder Impact

• Shareholders: The sale of shares by a director and 10% owner could be perceived as a slight negative, but the existence of a 10b5-1 plan reduces the signal of a lack of confidence in the company's future. The overall impact on the share price is likely to be minimal given the pre-planned nature and relatively small volume compared to total indirect holdings.

Key Dates

Recommendation

Keywords

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