SHIM Insider Disposes 37,105 Shares via 10b5-1 Plan
Rhea-AI Filing Summary
Mitchell B. Goldsteen, a director and >10% owner of Shimmick Corporation (SHIM), reported sales of common stock under a Rule 10b5-1 plan. The Form 4 shows 6,300 shares were sold on 08/14/2025 at a weighted average price of $2.11 and 30,805 shares were sold on 08/15/2025 at a weighted average price of $2.23, for a total of 37,105 shares disposed. The filing states Mr. Goldsteen holds indirect beneficial ownership through GOHO, LLC, with reported post-transaction holdings of 21,134,308 to 21,165,113 shares depending on the line reported. The sales were effected pursuant to a plan adopted August 20, 2024, and the Form 4 was signed by power of attorney on 08/18/2025.
Positive
- Sales were executed under a Rule 10b5-1 plan, indicating scheduled, pre-authorized transactions
- Timely disclosure via Form 4 with weighted-average prices and offer to provide per-price detail on request
- Reporting clarifies indirect ownership through GOHO, LLC and disclaimers of pecuniary interest
Negative
- Insider disposed of 37,105 shares, which may be viewed negatively by some investors despite being via a 10b5-1 plan
Insights
TL;DR: Director sold 37,105 shares via a 10b5-1 plan; ownership remains large, indicating routine liquidity rather than a controlling stake change.
The reported transactions are sales executed under a pre-established Rule 10b5-1 plan, which typically indicates scheduled, non-discretionary disposals and reduces likelihood of opportunistic insider trading. The aggregate sale of 37,105 shares at weighted average prices of $2.11 and $2.23 is small relative to the reported indirect holdings above 21 million shares, so the transactions are unlikely to materially alter control or capital structure. Disclosure is complete regarding weighted-average price ranges and indirect ownership through GOHO, LLC, with standard disclaimers of pecuniary interest.
TL;DR: Use of a 10b5-1 plan and timely Form 4 filing reflect adherence to insider trading policies and disclosure requirements.
The filing documents compliance with Rule 10b5-1 via an August 20, 2024 plan, which is consistent with good governance practices for scheduled insider sales. The reporting person is identified as a director and >10% owner and discloses indirect ownership through an LLC, which clarifies beneficial ownership lines. The Form 4 includes weighted-average pricing and offers to provide detailed per-price breakdowns upon request, supporting transparency. No amendments or additional material related-party transactions are disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 30,805 | $2.23 | $69K |
| Sale | Common Stock, par value $0.01 per share | 6,300 | $2.11 | $13K |
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 $2.04 to $2.14, 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 $2.11 to $2.30, 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.
