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

A Shimmick Corp director and 10% owner, Mitchell B. Goldsteen, sold a total of 3,300 shares of common stock in late July and early August 2025 under a pre-arranged Rule 10b5-1 sales plan.

Summary

• Mitchell B. Goldsteen, a Director and 10% Owner of Shimmick Corp (SHIM), executed sales of common stock.
• On July 31, 2025, 1,000 shares were sold at a weighted average price of $1.79 per share.
• On August 1, 2025, an additional 2,300 shares were sold at a weighted average price of $1.68 per share.
• These sales, totaling 3,300 shares, were conducted directly by Mr. Goldsteen.
• The transactions were made pursuant to a Rule 10b5-1 sales plan adopted on August 20, 2024.
• Following these reported transactions, Mr. Goldsteen indirectly beneficially owns 21,219,849 shares through GOHO, LLC, where he is the sole managing member.

Sentiment

Score: 4

Explanation: The filing reports insider selling by a director and 10% owner, which is generally viewed negatively. However, the sales were conducted under a pre-arranged Rule 10b5-1 plan, which suggests the decision to sell was made in advance and not necessarily based on recent negative developments.

Negatives

• A Director and 10% owner sold shares, which can be interpreted as a negative signal regarding insider confidence, despite being under a pre-arranged plan.
• The sales occurred at weighted average prices of $1.79 and $1.68 per share.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may interpret the insider selling as a negative signal, potentially impacting investor confidence.

Key Dates

Recommendation

While insider selling can be a negative signal, these sales were conducted under a pre-arranged Rule 10b5-1 plan, indicating the decision was made in advance and not necessarily based on new, adverse information. The volume of shares sold (3,300) is also relatively small compared to the total indirect beneficial ownership (over 21 million shares). Investors should monitor future insider activity and broader company performance rather than reacting solely to this single transaction.

Keywords

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