Steven E. Richards - 13 Nov 2023 Form 3 Insider Report for Shimmick Corp (SHIM)

Role
Chief Executive Officer, Director
Signature
/s/ Devin J. Nordhagen, Power of Attorney for Steven E. Richards
Issuer symbol
SHIM
Transactions as of
13 Nov 2023
Net transactions value
$0
Form type
3
Filing time
13 Nov 2023, 20:52:34 UTC
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SHIM Stock Option (Right to Buy) 13 Nov 2023 Common Stock 821,580 $1.26 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Twenty-five percent (25%) of the stock options vested on May 6, 2022, and the remainder vests in thirty-six substantially equal monthly installments on the last day of each full calendar month following May 6, 2022. Prior to the date of the event requiring the filing of this Form 3,325,209 of these stock options had vested.
F2 Reflects a 2.7386-for-1 forward stock split effected by the Issuer on October 23, 2023 prior to the effectiveness of the Issuer's Registration Statement on Form S-1.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney