Form 4: Shimmick Director Sells Shares Under 10b5-1 Plan

Shimmick Corp Director and 10% owner Mitchell B. Goldsteen sold 9,229 shares of common stock at $3.32 per share under a pre-arranged trading plan.

Summary

• Mitchell B. Goldsteen, a Director and 10% owner of Shimmick Corp (SHIM), reported a sale of common stock.
• On August 27, 2025, Mr. Goldsteen disposed of 9,229 shares of Shimmick Corp common stock.
• The shares were sold at a weighted average price of $3.32 per share, with individual transaction prices ranging from $3.30 to $3.36.
• This sale was executed pursuant to a Rule 10b5-1 sales plan, which Mr. Goldsteen adopted on August 20, 2024.
• Following this transaction, Mr. Goldsteen indirectly beneficially owns 21,125,079 shares through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 5

Explanation: A routine insider sale executed under a pre-arranged 10b5-1 trading plan, which typically indicates diversification or liquidity needs rather than a change in fundamental outlook. Therefore, the sentiment is neutral.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, adopted on August 20, 2024, indicating a planned transaction rather than one based on immediate, undisclosed information.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be interpreted as a slight negative signal, as it reduces the insider's direct equity exposure to the company.

Risks

• No specific risks are detailed in this Form 4 filing beyond the general market interpretation of insider selling.

Future Outlook

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

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape.

Related Party Transactions

• Mitchell B. Goldsteen indirectly owns 21,125,079 shares through GOHO, LLC, of which he is the sole managing member. He disclaims beneficial ownership except to the extent of any pecuniary interest.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in a significant insider's holdings, which is generally not expected to have a material impact on the company's valuation or investor confidence, especially given it was pre-planned.

Key Dates

Recommendation

The reported sale by a director is a routine transaction executed under a pre-arranged 10b5-1 plan, suggesting it is for personal financial planning rather than a change in the company's fundamental prospects. It does not provide new information that would significantly alter an investment thesis, thus a 'hold' recommendation is appropriate.

Keywords

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