Form 4: Shimmick Director and 10% Owner Sells Over 10,000 Shares Under Pre-Arranged Plan

Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp, sold 10,400 shares of common stock across three transactions in mid-July 2025, pursuant to a pre-arranged Rule 10b5-1 plan.

Summary

• Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp (SHIM), sold a total of 10,400 shares of common stock.
• The sales occurred on July 14, 2025 (1,300 shares at $1.99), July 15, 2025 (7,000 shares at a weighted average of $2.02), and July 16, 2025 (2,100 shares at a weighted average of $2.02).
• These transactions were executed under a Rule 10b5-1 sales plan adopted on August 20, 2024.
• Following these sales, Mr. Goldsteen beneficially owns 21,322,480 shares indirectly through GOHO, LLC.

Sentiment

Score: 4

Explanation: The sentiment is moderately negative due to insider selling by a significant owner and director. While the 10b5-1 plan mitigates some of the negative implications, any reduction in insider ownership can be viewed with caution by the market.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 plan, indicating the transactions were scheduled in advance and not necessarily a reaction to recent negative company developments.

Negatives

• A Director and 10% owner selling shares, even under a 10b5-1 plan, can be perceived negatively by the market as it reduces insider ownership.
• The sale of 10,400 shares represents a reduction in direct beneficial ownership by a key insider.

Risks

• Insider selling, even if pre-planned, can sometimes be interpreted by the market as a lack of confidence in the company's future prospects, potentially leading to negative investor sentiment.

Future Outlook

NA

Industry Context

This insider selling event is specific to Shimmick Corp and Mitchell B. Goldsteen. While insider transactions are closely watched across all industries as indicators of management's confidence, this particular filing does not provide broader industry trends or competitive insights beyond the company's own stock activity.

Related Party Transactions

• Mitchell B. Goldsteen owns shares indirectly through GOHO, LLC, where he is the sole managing member. He disclaims beneficial ownership except to the extent of any pecuniary interest.

Stakeholder Impact

• Shareholders may interpret the insider sale as a signal regarding the company's future prospects or valuation, potentially influencing their investment decisions.

Key Dates

Recommendation

Keywords

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