Form 4: Mitchell Goldsteen disposes 4,500 SHIM shares at $1.72–$1.82
Rhea-AI Filing Summary
Mitchell B. Goldsteen, identified as a director and 10% owner of Shimmick Corp (SHIM), reported dispositions of common stock on 08/07/2025 and 08/08/2025.
The Form 4 shows sales of 2,000 shares on 08/07/2025 at a weighted average price of $1.72 (individual prices ranged $1.68–$1.75) and 2,500 shares on 08/08/2025 at a weighted average price of $1.82 (individual prices ranged $1.77–$1.85), for a total of 4,500 shares sold. The filings state the sales were effected pursuant to a Rule 10b5-1 sales plan adopted August 20, 2024.
The Form discloses indirect beneficial ownership through GOHO, LLC, with post-transaction indirect holdings shown as 21,199,339 and 21,196,839 shares; the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- Sales effected under a Rule 10b5-1 sales plan (adopted August 20, 2024), indicating pre-scheduled transactions.
- Transparent pricing disclosure: weighted-average prices and transaction price ranges are provided, with per-price details available upon request.
- Indirect ownership clearly reported through GOHO, LLC and the filer includes the customary disclaimer of beneficial ownership except to the extent of any pecuniary interest.
Negative
- Director and 10% owner disposed of shares: 2,000 shares sold on 08/07/2025 and 2,500 shares sold on 08/08/2025 (total 4,500 shares).
- Realized sale prices reported at weighted averages of $1.72 and $1.82 for the two transaction dates.
Insights
TL;DR: Director disposed of 4,500 SHIM shares across two days under a pre-existing 10b5-1 plan; large indirect holdings remain disclosed.
The Form 4 records routine scheduled disposals: 2,000 shares on 08/07/2025 at a weighted average of $1.72 and 2,500 shares on 08/08/2025 at a weighted average of $1.82. The seller is identified as a director and 10% owner, and the transactions were effected pursuant to a Rule 10b5-1 plan adopted 08/20/2024. The filing discloses indirect ownership through GOHO, LLC and provides weighted-average prices plus disclosed price ranges, with an offer to supply per-price details on request. From a financial disclosure perspective, the filing supplies the key facts investors need to understand the nature and timing of the disposals.
TL;DR: Transactions were pre-scheduled under a 10b5-1 plan, increasing procedural transparency though they report insider disposals.
The filing explicitly states the sales occurred under a Rule 10b5-1 sales plan adopted by the reporting person on August 20, 2024, which typically indicates pre-arranged, non-discretionary trades. The Form also discloses indirect beneficial ownership via GOHO, LLC and includes a customary disclaimer of beneficial ownership except for pecuniary interest. The disclosure of weighted-average prices and ranges, and the issuer's willingness to provide per-price details on request, support transparency and stewardship of disclosure obligations. Overall, the disclosure meets standard governance expectations for insider trading reports.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 2,500 | $1.82 | $5K |
| Sale | Common Stock, par value $0.01 per share | 2,000 | $1.72 | $3K |
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person on August 20, 2024. The price reported in column 4 is a weighted average price. The shares were acquired in multiple transactions at prices ranging from $1.68 to $1.75, inclusive. Upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price will be provided. The reporting person owns the securities indirectly through GOHO, LLC, of which Mr. Goldsteen is the sole managing member. Mr. Goldsteen disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein. The price reported in column 4 is a weighted average price. The shares were acquired in multiple transactions at prices ranging from $1.77 to $1.85, inclusive. Upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price will be provided.
