Aecom - Jun 26, 2024 Form 4 Insider Report for Shimmick Corp (SHIM)

Role
10%+ Owner
Signature
/s/ David Gan, Executive Vice President, Chief Legal Officer
Stock symbol
SHIM
Transactions as of
Jun 26, 2024
Transactions value $
$0
Form type
4
Date filed
6/26/2024, 06:39 PM
Previous filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHIM Common Stock Other +2.6M +50.55% 7.75M Jun 26, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 20, 2024, the Reporting Person entered into a share issuance agreement with Shimmick Corporation (the "Issuer"), pursuant to which the Issuer agreed to issue an aggregate of 7,745,000 shares of common stock to the Reporting Person (the "Shares") in exchange for the Reporting Person granting releases to the Issuer in connection with resolving certain litigation matters between the Reporting Person and the Issuer pursuant to a settlement and release agreement. 5,144,622 of the Shares were issued to the Reporting Person on May 20, 2024. Issuance of the remaining 2,600,378 Shares (the "Additional Shares") was subject to approval of the Issuer's stockholders, pursuant to Nasdaq listing requirements. At a special meeting of stockholders held on June 26, 2024, the Issuer's stockholders approved the issuance of the Additional Shares. The Additional Shares were issued to the Reporting Person on June 26, 2024.