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Shimmick Executive's 3-Month Selling Spree Raises Questions About Stock Value

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Form 144 Notice of Proposed Sale filed by Mitchell B. Goldsteen for Shimmick Corporation (NASDAQ: SHIM) indicates a planned sale of 6,000 common shares with an aggregate market value of $9,395.40. The proposed sale is to be executed through TD Securities on approximately June 23, 2025.

The securities were originally acquired through a private acquisition from GOHO LLC on December 9, 2020, involving 21,908,800 shares. The filing reveals extensive recent trading activity by the seller, with multiple transactions between March and June 2025 totaling approximately 147,000 shares sold for combined proceeds exceeding $240,000.

Key transaction details:

  • Current outstanding shares: 34,361,459
  • Broker: TD Securities (USA) LLC
  • Trading venue: NASDAQ
  • Recent trading pattern shows consistent selling with transaction sizes ranging from 400 to 13,386 shares

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR

FAQ

How many shares of SHIM stock is being proposed for sale in the Form 144 filing from June 2025?

According to the Form 144 filing, 6,000 shares of SHIM common stock are proposed to be sold through TD SECURITIES (USA) LLC, with an aggregate market value of $9,395.40. The approximate date of sale is listed as 06/23/2025 on the NASDAQ exchange.

Who is selling SHIM shares and how many shares has the seller sold in the past 3 months?

Mitchell B. Goldsteen, located in Irvine, CA, is the seller. Over the past 3 months (March-June 2025), Goldsteen has conducted numerous sales totaling approximately 147,000 shares of SHIM common stock, with transactions occurring almost daily and values ranging from about $700 to $23,000 per transaction.

When and how did the SHIM shareholder originally acquire these shares?

The shares were originally acquired on December 9, 2020, through a private acquisition transaction from GOHO LLC. The total amount of securities acquired in that transaction was 21,908,800 shares of common stock.

What is SHIM's total number of outstanding shares according to the Form 144?

According to the Form 144 filing, SHIM has 34,361,459 shares outstanding at the time of the filing.

What was the largest single-day sale of SHIM stock by the insider during the reported period?

The largest single-day sale occurred on April 28, 2025, when Mitchell B. Goldsteen sold 13,386 shares for gross proceeds of $23,251.48.