Shimmick Corp affiliate files Form 144 for modest stock sale

Q: How many Shimmick Corp shares does the insider plan to sell and what is the value?

He plans to sell 7,122 shares valued at $12,040.45 .

Q: What percentage of Shimmick Corp’s outstanding stock does the planned sale represent?

Approximately 0.02 % of the 34.36 million shares outstanding.

Q: When were the shares to be sold originally acquired?

They were acquired on 09 December 2020 in a private transaction with GOHO LLC.

Q: Is the insider operating under a Rule 10b5-1 trading plan?

Yes. The plan was adopted on 20 August 2024 , as disclosed in the Form 144.

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

144

Rhea-AI Filing Summary

The Form 144 filed on 26 June 2025 notifies the SEC of a planned insider sale by Mitchell B. Goldsteen, an affiliate of Shimmick Corporation (NASDAQ: SHIM). The notice covers the prospective disposition of 7,122 common shares through TD Securities (USA) LLC at an aggregate market value of $12,040.45. Given the company’s 34,361,459 shares outstanding, the planned sale equals roughly 0.02 % of the float, indicating limited dilution or ownership impact.

The shares were originally acquired on 09 December 2020 in a private transaction with GOHO LLC, when Goldsteen obtained 21.91 million shares. The insider certified that he possesses no non-public adverse information and is acting under a Rule 10b5-1 trading plan adopted on 20 August 2024.

The filing also discloses a history of frequent open-market sales between 26 March and 25 June 2025. These transactions involve dozens of small blocks that collectively amount to tens of thousands of shares and generate cumulative proceeds of approximately $280 k (based on line-item totals). None of the individual sales exceed Rule 144 thresholds, but the pattern reflects ongoing liquidity activity by the insider.

From an investment perspective, the notice signals continued but modest insider selling rather than a material change in ownership structure. Investors may wish to track additional Form 144 or Form 4 filings to determine whether the cadence or size of sales accelerates, which could carry stronger valuation implications.

Insights

TL;DR: Minor insider sale; too small to move valuation but worth monitoring for trend continuation.

The 7,122-share sale represents just 0.02 % of SHIM’s outstanding stock, implying negligible direct supply pressure. The insider’s earlier trades over the past three months, while more numerous, still appear immaterial relative to float. Use of a 10b5-1 plan reduces information-asymmetry concerns. Overall, the disclosure is neutral unless sequential filings reveal escalating volumes.

TL;DR: Routine Rule 144 filing; governance posture intact, no red flags.

The filer follows prescribed disclosure, cites a valid 10b5-1 plan, and affirms absence of undisclosed adverse information—elements consistent with sound governance. The small transaction size and prior orderly sales suggest liquidity management rather than opportunistic dumping. I classify the impact as neutral for shareholders.

06/26/2025 - 04:32 PM

144: Filer Information

Filer CIK

0001997607

Filer CCC

XXXXXXXX

Is this a LIVE or TEST Filing?

LIVE TEST

Submission Contact Information

Name

Phone

E-Mail Address

144: Issuer Information

Name of Issuer

Shimmick Corp

SEC File Number

001-41867

Address of Issuer

530 TECHNOLOGY DRIVE
SUITE 300
IRVINE
CALIFORNIA
92618

Phone

949.333.1500

Name of Person for Whose Account the Securities are To Be Sold

Goldsteen Mitchell B.

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Affiliate

144: Securities Information

Title of the Class of Securities To Be Sold

Name and Address of the Broker

Number of Shares or Other Units To Be Sold

Aggregate Market Value

Number of Shares or Other Units Outstanding

Approximate Date of Sale

Name the Securities Exchange

Common

TD SECURITIES (USA) LLC
125 PARK AVE, 20TH FLOOR
New York NY 10017

7122

12040.45

34361459

06/26/2025

NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class

Date you Acquired

Nature of Acquisition Transaction

Name of Person from Whom Acquired

Is this a Gift?

Date Donor Acquired

Amount of Securities Acquired

Date of Payment

Nature of Payment *

Common

12/09/2020

Private Acquisition

GOHO LLC

21908800

12/09/2020

Private Acquisition

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller

Title of Securities Sold

Date of Sale

Amount of Securities Sold

Gross Proceeds