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SHIM Form 144 Discloses Insider Sales and Planned 14,706-Share Sale

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

Rhea-AI Filing Summary

Shimmick Corporation (SHIM) filed a Form 144 reporting a proposed sale of 14,706 common shares through TD Securities (USA) LLC with an aggregate market value of $43,451.8208/29/2025 and identifies NASDAQ as the exchange. It records that the securities were originally acquired on 12/09/2020 in a private acquisition from GOHO LLC, showing 21,908,800 shares acquired on that date. The filing also discloses numerous recent sales by Mitchell B. Goldsteen of common shares across dates from 05/29/2025 through 08/28/2025, with individual trade amounts and gross proceeds reported.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Form 144 discloses a proposed insider sale and a large history of recent dispositions; primarily a disclosure of compliance with Rule 144.

The filing documents a proposed sale of 14,706 common shares via TD Securities and records the original private acquisition of over 21.9 million shares on 12/09/2020 from GOHO LLC. It also enumerates many executed sales by Mitchell B. Goldsteen between 05/29/2025 and 08/28/2025 with per-trade gross proceeds listed. From a compliance perspective, the filing provides the standard required detail: broker, share counts, market value, acquisition source and dates, and prior sales that must be aggregated. There is no financial performance data or forward-looking information in this notice; its material function is to inform the market of an insider's proposed and recent transactions.

TL;DR: The disclosure is routine but notable for the frequency of recent insider sales recorded in the filing.

The Form 144 meets disclosure requirements by listing the proposed sale date, broker, number of shares and market value, and origin of the holdings (private acquisition from GOHO LLC). The detailed schedule of sales by Mitchell B. Goldsteen shows many small-to-large dispositions over a three-month span, which is relevant to shareholders monitoring insider activity. The filing does not state any undisclosed material information or reasons for the sales; it is purely transactional disclosure required under Rule 144.

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

FAQ

What does the Form 144 for Shimmick Corporation (SHIM) report?

The filing reports a proposed sale of 14,706 common shares with an aggregate market value of $43,451.82, to be sold approximately on 08/29/2025 on NASDAQ via TD Securities (USA) LLC.

When and how were the shares being sold originally acquired?

The securities were acquired on 12/09/2020 in a private acquisition from GOHO LLC, totaling 21,908,800 shares acquired on that date.

Does the filing show recent insider sales?

Yes. The filing lists many sales by Mitchell B. Goldsteen from 05/29/2025 through 08/28/2025, with each trade's share amount and gross proceeds disclosed.

Which broker is handling the proposed sale?

The proposed sale is listed as to be handled by TD Securities (USA) LLC, located at 125 Park Ave, 20th Floor, New York, NY.

What exchange is the sale expected to occur on?

The filing specifies NASDAQ as the securities exchange for the proposed sale.
SHIMMICK CORPORATION

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Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
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United States
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