Form 4: Credo CTO Sells Shares for Tax Obligations
Insider Transaction Report
Credo Technology Group's Chief Technology Officer, Cheng Chi Fung, disposed of 2,460 ordinary shares to cover tax withholding obligations related to RSU vesting.
Summary
- Cheng Chi Fung, a Director and Chief Technology Officer of Credo Technology Group Holding Ltd (CRDO), reported a transaction on September 1, 2025.
- The transaction involved the disposition of 2,460 ordinary shares at a price of $123.06 per share.
- This disposition was categorized as an 'F' transaction code, indicating shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units (RSUs).
- Following this transaction, Cheng Chi Fung directly beneficially owns 114,430 ordinary shares.
- Additionally, 7,108,961 ordinary shares are indirectly beneficially owned through the Cheng Huang Family Trust, where the Reporting Person and his spouse are trustees and beneficiaries.
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares to cover tax obligations upon RSU vesting, not indicative of management's sentiment towards the company's future performance or a discretionary sale.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
NA
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| NA | NA | NA | NA |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: The disposition of shares for tax withholding is a routine event associated with executive compensation and does not represent a significant change in the company's outstanding share count or a material impact on shareholder value.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 12/22/2003 | Date of the Cheng Huang Family Trust U/T/A. |
| 09/01/2025 | Date of transaction where 2,460 ordinary shares were disposed for tax withholding. |
| 09/03/2025 | Date of signature for the Form 4 filing by attorney-in-fact. |
Recommendation
holdThe filing details a routine, non-discretionary sale of shares by a company officer to cover tax obligations associated with RSU vesting. This type of transaction does not reflect a change in management's confidence or the company's fundamentals, and therefore, does not warrant a change in investment recommendation based solely on this filing.
Keywords
Credo Technology Group, CRDO, Form 4, Insider Transaction, Chief Technology Officer, Director, RSU Vesting, Tax Withholding, Share Disposition
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