Shimmick (SHIM) insider sales: 2,500 shares planned; past 3-month sales listed
Rhea-AI Filing Summary
Shimmick Corporation's Form 144 notifies a proposed sale of 2,500 common shares on 08/08/2025 through TD Securities with an aggregate market value of $4,545. The filing reports that 21,908,800 shares were acquired on 12/09/2020 in a private acquisition from GOHO, LLC, while the company has 35,270,000 shares outstanding.
The form also lists multiple open-market sales by Mitchell B. Goldsteen during the prior three months totaling 278,348 shares. This filing is a Rule 144 notice documenting planned and recent insider sales; the proposed sale amount is small relative to both the filer's prior acquisition and the company's outstanding shares.
Positive
- None.
Negative
- None.
Insights
TL;DR: Proposed sale is immaterial relative to outstanding shares and the filer's large prior acquisition; recent sales are modest.
The filing shows a proposed sale of 2,500 shares valued at $4,545, while the filer previously acquired 21,908,800 shares on 12/09/2020. Outstanding shares are reported as 35,270,000, so the proposed sale represents a vanishingly small fraction of both the filer’s holdings and total float. Recent transactions list 278,348 shares sold over the prior three months, approximately 0.79% of outstanding shares and about 1.27% of the filer's 12/09/2020 position. From a market-impact perspective, this notice is routine and not likely to affect valuation materially.
TL;DR: Large beneficial ownership is disclosed, but the current and proposed sales are small and appear routine under Rule 144.
The record shows the filer acquired 21,908,800 shares in a private acquisition and multiple subsequent sales by Mitchell B. Goldsteen totaling 278,348 shares in the past three months. The Form 144 documents compliance with Rule 144 sale notification requirements and names the broker and planned trade date. Given the size of the holding relative to outstanding shares, the disclosure of ownership is material; however, the specific proposed sale is modest and the filing is therefore not impactful to capital structure or governance in isolation.
FAQ
What does SHIM's Form 144 disclose about the proposed sale?
The filing discloses a proposed sale of 2,500 common shares on 08/08/2025 via TD Securities with an aggregate market value of $4,545.
Who is the seller named in the Form 144 for SHIM?
The sales listed in the form are by Mitchell B. Goldsteen, whose address is shown and who appears as the seller for multiple transactions.
How many shares did the filer acquire and when?
The filer acquired 21,908,800 shares on 12/09/2020 in a private acquisition from GOHO, LLC.
How many SHIM shares were sold in the past three months according to the filing?
The Form 144 lists multiple sales by Mitchell B. Goldsteen totaling 278,348 shares during the past three months.
How many SHIM shares are outstanding per the Form 144?
The filing reports 35,270,000 shares outstanding.
