Kravitz Peter 4

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.