Mitchell B. Goldsteen discloses ~283,618 SHIM shares sold; new 2,116-share sale filed
Rhea-AI Filing Summary
Shimmick Corporation (SHIM) filed a Form 144 reporting a proposed sale of 2,116 common shares through TD Securities (USA) LLC with an aggregate market value of $4,196.45. The filing shows 35,270,000 shares outstanding, so the planned sale represents about 0.006% of outstanding shares.
The filing identifies the securities as originally acquired on 12/09/2020 in a private acquisition from GOHO, LLC (amount acquired listed as 21,908,800 shares). It also documents extensive open-market sales by Mitchell B. Goldsteen over the past three months, which, when summed from the listed entries, total approximately 283,618 shares for the gross proceeds shown in the table. The Form 144 discloses the broker, the acquisition details, and the seller representation required under Rule 144.
Positive
- Transparent disclosure of broker, acquisition history, and detailed sale-by-sale reporting
- Seller representation included that no material nonpublic adverse information is known
Negative
- Significant insider selling activity listed in the past three months totaling approximately 283,618 shares (about 0.8% of outstanding shares)
Insights
TL;DR: Small planned sale but substantial recent insider sell‑off totals ~283,618 shares (~0.8% of outstanding).
The Form 144 shows a proposed sale of 2,116 shares valued at $4,196.45 via TD Securities, a trivial slice of the 35,270,000 shares outstanding (about 0.006%). However, the disclosure table documents ~283,618 shares sold by Mitchell B. Goldsteen across many dates in the most recent three-month period, representing roughly 0.8% of outstanding shares. From a market-impact perspective, the single proposed block is immaterial, while the cumulative recent sales are more noticeable but still under 1% of shares outstanding. The filing is factual and provides the customary acquisition history needed to rely on Rule 144.
TL;DR: Filing appears compliant and transparent; repeated sales are disclosed and the seller affirms no undisclosed material information.
The Form 144 includes the broker name, acquisition origin (private acquisition from GOHO, LLC on 12/09/2020), and a representation that the seller does not possess undisclosed material adverse information. Those elements align with Rule 144 disclosure requirements. The record of frequent open‑market sales by the named seller is fully itemized in the filing, supporting regulatory transparency. No governance violations or procedural irregularities are apparent from the provided content alone.
FAQ
What does the Shimmick (SHIM) Form 144 report?
Who is the seller named in the SHIM Form 144?
How many Shimmick shares were sold recently by the insider?
What percentage of Shimmick outstanding shares is the proposed sale?
From whom and when were the securities originally acquired?
