Form 4: Credo CEO Sells Shares, Gifts to Charity

Credo Technology Group Holding Ltd's CEO, William Joseph Brennan, reported multiple sales of ordinary shares and a gift of shares to a charitable trust, all executed on December 11, 2025.

Summary

• William Joseph Brennan, President & Chief Executive Officer and Director of Credo Technology Group Holding Ltd (CRDO), reported several transactions involving ordinary shares on December 11, 2025.
• Sales of 49,900 ordinary shares were executed indirectly through The Brennan Family Trust at weighted average prices ranging from $149.4012 to $159.1963 per share.
• Sales of 18,016 ordinary shares were executed directly at weighted average prices ranging from $149.356 to $159.1964 per share.
• All sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025.
• A gift of 10,000 ordinary shares was made from The Brennan Family Trust to The Brennan Family Fund, a charitable remainder trust, with a reported price of $0.
• Following these transactions, Brennan's indirect beneficial ownership through The Brennan Family Trust decreased to 1,882,502 shares, and his direct beneficial ownership decreased to 301,891 shares.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions, including sales under a pre-planned 10b5-1 program and a charitable gift, which are generally neutral events for company sentiment and do not indicate a change in fundamental outlook.

Positives

• Sales were executed pursuant to a Rule 10b5-1 trading plan, indicating pre-scheduled transactions rather than a reaction to recent events or non-public information.
• A gift of 10,000 ordinary shares was made to a charitable remainder trust, demonstrating philanthropic activity.

Negatives

• William Joseph Brennan, a key executive and director, disposed of a significant number of ordinary shares (67,916 shares in total) through multiple sales.

Future Outlook

NA

Management Comments

• Sales were executed pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025.
• The reporting person disclaims beneficial ownership of shares held by The Brennan Family Trust except to the extent of his pecuniary interest therein.
• The gift of 10,000 ordinary shares from The Brennan Family Trust was made to The Brennan Family Fund, a charitable remainder trust, with the Reporting Person not sharing any voting or investment power over these securities.

Industry Context

NA

Related Party Transactions

• A gift of 10,000 ordinary shares was made from The Brennan Family Trust to The Brennan Family Fund, a charitable remainder trust.

Stakeholder Impact

• Shareholders may observe a decrease in insider ownership, although the sales were pre-planned under a Rule 10b5-1 program, which typically mitigates concerns about opportunistic selling.

Key Dates

Recommendation

The filing details pre-scheduled insider sales under a Rule 10b5-1 plan and a charitable gift by the CEO. These are routine transactions and do not typically signal a change in the company's fundamental outlook or warrant a significant shift in investment strategy based solely on this report. Therefore, a 'hold' recommendation is appropriate.

Keywords

Credo Technology, CRDO, Insider Trading, Form 4, Share Sale, CEO, William Joseph Brennan, 10b5-1 Plan, Stock Transaction, Charitable Gift