Kravitz Peter 4
4 · Shimmick Corp · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Shimmick (SHIM) Director Peter Kravitz Exercises Derivatives, Receives RSUs
What Happened Peter Kravitz, a director of Shimmick Corp (SHIM), reported derivative activity and an RSU grant on 2026-06-02. The filing shows an exercise/conversion (code M) of 100,671 derivative units and a matching disposition of 100,671 shares at $0.00, plus a grant/award (code A) of 60,000 RSUs at $0.00. Reported prices and values are $0, indicating these were award/settlement transactions tied to compensation or plan mechanics rather than open-market purchases or cash sales.
Key Details
- Transaction date(s): 2026-06-02; Form 4 filed 2026-06-04 (appears timely).
- Reported transactions:
- M: Exercise/conversion of 100,671 derivative units (acquired), and a corresponding M-line showing disposition of 100,671 shares at $0.00.
- A: Grant/award of 60,000 RSUs at $0.00.
- Shares owned after transaction: not specified in the data provided in this summary.
- Footnotes of note:
- F1: RSUs convert into common stock on a one-for-one basis.
- F2: The RSUs vest and settle in full on the date of the next annual meeting, subject to continued service.
- F3: The 100,671 RSUs referenced were originally granted on June 4, 2025 and vest/settle at the next annual meeting, subject to continued service.
- No 10b5-1 plan, gift designation, or late-filing flag was indicated in the provided details.
Context Code M indicates exercise or conversion of derivative awards; code A indicates receipt of restricted stock units (RSUs). The $0.00 prices typically reflect compensatory award settlement, withholding, or plan-settlement mechanics rather than market trades. For retail investors, this is primarily a compensation-related insider event—not a routine open-market buy or sale that directly signals personal market conviction.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]2026-06-02+100,671→ 184,940 total - Award
Restricted Stock Units
[F1][F2]2026-06-02+60,000→ 60,000 total→ Common Stock, par value $0.01 per share (60,000 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-06-02−100,671→ 0 total→ Common Stock, par value $0.01 per share (100,671 underlying)
Footnotes (3)
- [F1]RSUs convert into common stock on a one-for-one basis.
- [F2]The RSUs will vest in full and settle into shares of common stock on the date of the next annual meeting of the Issuer's stockholders, subject to Reporting Perons's continued service through such date.
- [F3]On June 4, 2025, the Reporting Person was granted 100,671 RSUs, vesting and settling upon the date of next annual meeting of the Issuer's stockholders, subject to Reporting Person's continued service through such date.