Shimmick (SHIM) CEO Yal Ural Receives 311,615 RSU Shares

What Happened

• Yal Ural, CEO of Shimmick Corp (SHIM), is reported to have acquired 311,615 shares on 2026-08-31 through the exercise/conversion of a derivative (reported as code M). The shares were reported at $0.00 per share (no cash paid). This reflects conversion/grant of RSUs that convert one-for-one into common stock.

Key Details

• Transaction date: 2026-08-31; Form 4 filed: 2026-09-02 (timely).
• Shares acquired: 311,615 at $0.00 per share (reported acquisition via derivative conversion).
• Vesting/settlement: Footnotes state the RSUs convert one-for-one and will vest and settle in three equal installments on Apr 2, 2027; Apr 3, 2028; and Apr 2, 2029, subject to continued employment.
• Shares owned following the transaction: not specified in the provided excerpt.
• Accession #: 0001193125-26-380266.

Context

• Transaction code M indicates exercise or conversion of a derivative; here it reflects RSU conversion/grant rather than an open-market purchase or cash exercise. Because no cash was paid ($0.00), this is effectively an equity award subject to future vesting and employment conditions — not an immediate market purchase or sale. This type of filing records insider compensation rather than an outright market-driven buy or sell.