Mitchell B. Goldsteen, who serves as a director and is listed as a ten percent owner of Shimmick Corp (NASDAQ: SHIM), executed a sale of 125,000 shares of the company's common stock on March 17, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The shares were transacted at a price of $2.86 each, producing total proceeds of $357,500. The Form 4 states the disposition was carried out pursuant to a Rule 10b5-1 sales plan that Goldsteen adopted on December 5, 2025. The filing notes that the per-share prices covered by the plan ranged from $2.50 to $3.42.
Following the sale, Goldsteen retains indirect ownership of 20,974,873 Shimmick shares through GOHO, LLC, where he is identified as the sole managing member.
The insider sale occurs after the stock recorded an 83% gain over the prior 12 months. The company is reported to be trading below its InvestingPro Fair Value, a detail that market participants may interpret as an indication of remaining valuation upside relative to that metric.
Quarterly results and project awards
In other company disclosures, Shimmick reported fourth-quarter 2025 financial results that fell short of analyst expectations. The company posted an earnings per share figure of negative $0.07, missing the consensus estimate of $0.20. Revenue for the quarter came in at $100 million, compared with analysts' projections of $186.5 million.
Despite the earnings and revenue shortfalls, the company announced it has secured approximately $256 million in infrastructure work across California and Texas. Among these awards is a $180 million contract for the Vista Grande Drainage Basin Improvements Project in Daly City, California, described as an effort to modernize stormwater infrastructure.
What the filing shows
- Insider: Mitchell B. Goldsteen, director and ten percent owner.
- Transaction date: March 17, 2026.
- Shares sold: 125,000 common shares.
- Price: $2.86 per share; total value $357,500.
- Sales plan: Executed under a Rule 10b5-1 plan adopted December 5, 2025; plan prices ranged $2.50 to $3.42.
- Post-transaction holding: 20,974,873 shares held indirectly via GOHO, LLC.
The combination of an insider sale, recent strong trailing returns, a valuation assessment that places the stock below an InvestingPro Fair Value, a quarterly operational miss and the award of sizable infrastructure contracts provides multiple data points for investors assessing Shimmick’s near-term trajectory. The information in the SEC filing and the company’s financial disclosures frame the current public picture of ownership and operational performance.