Shimmick (SHIM) CFO Yoder Converts 113,315 RSUs to Shares

What Happened
Yoder Todd Wilbur, Chief Financial Officer of Shimmick Corp (SHIM), converted a derivative award into 113,315 shares of common stock on August 31, 2026. The transaction is reported as an exercise/conversion (code M) at an effective price of $0.00, so no cash was paid for these shares on conversion.

Key Details

• Transaction date: 2026-08-31 (filed with the SEC on 2026-09-02).
• Shares acquired: 113,315 common shares; exercise/conversion price: $0.00; reported value $0.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote F1: RSUs convert into common stock on a one-for-one basis.
• Footnote F2: The RSUs will vest and settle in three equal installments on Apr 2, 2027; Apr 3, 2028; and Apr 2, 2029, subject to continued employment.
• No sale reported here — this was a conversion/settlement event, not a market sale.
• No indication in the provided data that the filing was late.

Context
This report reflects conversion/settlement of restricted stock units (RSUs) rather than an open-market purchase or sale. Because the RSUs settle over future dates subject to continued employment, the insider does not necessarily receive all shares immediately and may not have sold any shares following conversion. Conversions at $0 often reflect grant/award mechanics rather than new out-of-pocket purchases and do not by themselves indicate a bullish or bearish signal.