Heekin Geoffrey E. 4

What Happened

• Geoffrey E. Heekin, a director of Shimmick Corp (SHIM), had 100,671 derivative awards converted into common stock on June 2, 2026 and was also granted 60,000 restricted stock units (RSUs) the same day. The Form 4 lists the conversion/acquisition and a simultaneous disposition of 100,671 shares; the reported dollar prices for these entries are $0 or N/A (typical for RSU conversions and certain net-settlement transactions).

Key Details

• Transaction date: June 2, 2026; Form 4 filed June 4, 2026 (timely filing).
• Converted/acquired: 100,671 shares via derivative conversion (transaction code M); price shown as N/A.
• Disposed: 100,671 shares listed as disposed via derivative conversion (transaction code M); price shown $0.
• Grant: 60,000 RSUs awarded (transaction code A) at $0.00 — these are derivative awards, not cash purchases.
• Footnotes: RSUs convert one-for-one into common stock (F1). The 60,000 RSUs will vest and settle at the next annual stockholder meeting subject to continued service (F2). The 100,671 converted shares relate to an RSU grant made June 4, 2025 that vested/settled on the reported date (F3).
• Shares owned after transaction: not specified in the provided filing.

Context

• RSU grants and conversions are generally compensation events rather than open-market buys or sales. The $0/N/A prices and simultaneous conversion+disposition entries commonly reflect RSU vesting and net settlement or withholding for taxes rather than an open-market sale; the newly granted 60,000 RSUs will vest later and are not immediately tradable. This filing does not by itself indicate a purchase-driven bullish signal.