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

Mitchell B. Goldsteen, a Director and 10% Owner of Shimmick Corp, executed a sale of 900 common shares on June 20, 2025, as part of a Rule 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, identified as a Director and 10% Owner of Shimmick Corp (SHIM), reported a transaction on June 20, 2025.
• The transaction involved the disposition (sale) of 900 shares of Shimmick Corp's common stock, par value $0.01 per share.
• The shares were sold at a weighted average price of $1.60 per share, with individual transaction prices ranging from $1.60 to $1.61.
• This sale was conducted pursuant to a Rule 10b5-1 sales plan, which was adopted by Mr. Goldsteen on August 20, 2024.
• Following this transaction, Mr. Goldsteen beneficially owns 21,403,964 shares indirectly through GOHO, LLC, where he is the sole managing member, though he disclaims beneficial ownership except for any pecuniary interest.

Sentiment

Score: 5

Explanation: The transaction is a pre-scheduled sale under a Rule 10b5-1 plan, which typically indicates a neutral event rather than a reaction to new, non-public information. The small volume relative to total holdings also suggests minimal impact.

Negatives

• A director and 10% owner, Mitchell B. Goldsteen, sold 900 shares of common stock, reducing his direct equity exposure to the company.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing pertains to an individual insider transaction and does not provide information relevant to broader industry trends or competitive landscape analysis.

Stakeholder Impact

• Shareholders: The sale of a small number of shares by a director and 10% owner, while a reduction in direct equity, is unlikely to have a significant impact on the company's stock price or investor sentiment, especially given it was pre-planned.

Key Dates

Keywords

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