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

Mitchell B. Goldsteen, a Director and 10% Owner of Shimmick Corp, sold 7,700 shares of common stock over two days in July 2025 under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Mitchell B. Goldsteen, a Director and 10% Owner of Shimmick Corp (SHIM), reported sales of common stock.
• On July 24, 2025, 3,900 shares of common stock were sold at a weighted average price of $2.09 per share.
• On July 25, 2025, an additional 3,800 shares of common stock were sold at a weighted average price of $2.08 per share.
• The total number of shares sold across both transactions was 7,700.
• These 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, where he is the sole managing member, stands at 21,256,883 shares of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be perceived negatively, these sales were conducted under a pre-arranged Rule 10b5-1 plan, which is a common practice for diversification or liquidity and does not necessarily reflect a negative outlook on the company's future.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a scheduled transaction rather than an immediate reaction to new information.

Negatives

• Insider selling, even if pre-planned, reduces the direct ownership stake of a key director and 10% owner.
• The sales occurred at relatively low share prices, ranging from $2.07 to $2.11.

Risks

• No specific risks are detailed in this Form 4 filing beyond the general market perception that insider selling, regardless of reason, can sometimes be viewed negatively by investors.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a routine insider transaction report specific to Shimmick Corp and does not provide broader industry context or trends.

Corporate Governance

Related Party Transactions

• Mitchell B. Goldsteen owns 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 slightly reduces insider ownership, which could be viewed as a minor negative, though the pre-planned nature mitigates concerns.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Recommendation

This Form 4 details routine insider sales executed under a pre-arranged Rule 10b5-1 plan. Such transactions are common for diversification or liquidity purposes and typically do not signal a significant change in the company's fundamental outlook or performance. Therefore, it does not provide sufficient new information to warrant a change from a 'hold' recommendation based solely on this filing.

Keywords

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