Form 4: Credo COO Sells Shares for Tax Obligations

Credo Technology Group's Chief Operating Officer, Lam Yat Tung, disposed of ordinary shares to cover tax withholding obligations related to RSU vesting.

Summary

• Lam Yat Tung, Chief Operating Officer and Director of Credo Technology Group Holding Ltd (CRDO), reported transactions involving ordinary shares.
• On October 2, 2025, 3,174 ordinary shares were disposed of at a price of $149.63 per share.
• On October 5, 2025, an additional 3,174 ordinary shares were disposed of at a price of $143.87 per share.
• These dispositions were marked with transaction code 'F', indicating shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units (RSUs).
• Following these transactions, Lam Yat Tung directly beneficially owns 2,622,055 ordinary shares.
• Indirect beneficial ownership includes 920,000 ordinary shares held by Zhan BVI Co Ltd and 125,000 ordinary shares held by EZ Trust, with disclaimers of beneficial ownership except for pecuniary interest or spouse's pecuniary interest, respectively.

Sentiment

Score: 5

Explanation: The transaction reported is a mandatory disclosure of a non-discretionary sale of shares to cover tax withholding obligations related to RSU vesting. This is a common administrative event for executives and does not inherently signal positive or negative sentiment about the company's future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a non-discretionary sale of shares to cover tax obligations arising from RSU vesting. Such transactions are common across all industries for executives receiving equity compensation and do not typically reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in management's confidence or company fundamentals.

Key Dates

Recommendation

The Form 4 filing details a routine, non-discretionary sale of shares by a corporate officer to cover tax obligations arising from RSU vesting. This type of transaction does not typically reflect a change in management's confidence in the company's future prospects and therefore does not warrant a change in investment recommendation based solely on this filing.

Keywords

CRDO, Credo Technology Group, Form 4, Insider Transaction, Share Sale, RSU, Tax Withholding, Corporate Officer