Shimmick (SHIM) Insider Sales: Form 144 Filed for 6,300 Common Shares
Rhea-AI Filing Summary
Shimmick Corporation (SHIM) Form 144 notifies a proposed sale of 6,300 common shares through TD Securities (USA) LLC on 08/14/2025 on NASDAQ. The filer reports acquiring the shares on 12/09/2020 via a private acquisition from GOHO, LLC, and indicates total shares outstanding of 35,270,000, giving context to the size of the proposed sale. The filing also lists extensive prior sales by the same person from 05/20/2025 through 08/14/2025, with individual transactions and gross proceeds shown (most recent listed sale on 08/14/2025 for 6,300 shares with aggregate market value $13,270.32). The notice contains the standard signature representation about lack of undisclosed material information.
Positive
- Regulatory compliance: The filer provided the required Rule 144 notice details including acquisition date, broker, and proposed sale date.
- Acquisition clarity: Source of the shares is specified (private acquisition from GOHO, LLC on 12/09/2020), supporting holding-period disclosure.
Negative
- Insider selling activity: The filing lists numerous recent sales by the same person from 05/20/2025 through 08/14/2025, which may concern investors monitoring insider alignment.
- Potential market perception: Although the single proposed sale (6,300 shares) is small relative to 35,270,000 outstanding shares, cumulative disposals shown could be interpreted negatively by some market participants.
Insights
TL;DR: This Form 144 reports a small planned sale (6,300 shares) relative to 35.27 million shares outstanding and documents extensive recent insider sales.
The filing is a routine Rule 144 notice showing intent to sell restricted or control securities. The proposed block of 6,300 shares has an indicated aggregate market value of $13,270.32, which is immaterial relative to the issuer's stated outstanding shares of 35,270,000. However, the schedule of prior sales spanning 05/20/2025 to 08/14/2025 shows numerous transactions by the same individual, with cumulative volumes that may be meaningful to trading liquidity and market perception. The form includes acquisition details confirming a private acquisition on 12/09/2020 from GOHO, LLC, which supports Rule 144 eligibility disclosures. No financial performance data or forward-looking statements are provided.
TL;DR: Disclosure meets procedural requirements; repeated insider sales are noteworthy for governance and market signaling.
The Form 144 fulfills regulatory disclosure for proposed insider sales and includes the required attestations. It documents the source of the shares (private acquisition from GOHO, LLC) and the date of acquisition, which are relevant for Rule 144 holding-period considerations. The long list of transactions in the filing period indicates active disposition by the reporting person; while the single proposed sale is small versus total shares outstanding, aggregated insider selling activity should be visible to stakeholders assessing insider alignment. The form contains no indications of trading plans under Rule 10b5-1.
FAQ
What does Shimmick Corporation's (SHIM) Form 144 report?
Who acquired the shares being sold and when?
How many shares does Shimmick report outstanding in the filing?
What broker is handling the proposed sale?
What is the aggregate market value of the proposed 6,300-share sale?
