Form 4: Credo Director Sutardja Acquires 1,540 Restricted Shares

Credo Technology Group Director Pantas Sutardja acquired 1,540 restricted stock units, increasing his direct beneficial ownership to 5,895,784 Ordinary Shares.

Summary

• Pantas Sutardja, a Director of Credo Technology Group Holding Ltd (CRDO), acquired 1,540 Ordinary Shares in the form of restricted stock units (RSUs).
• The transaction occurred on October 15, 2025.
• Following this acquisition, Mr. Sutardja directly beneficially owns 5,895,784 Ordinary Shares.
• The restricted stock units will fully vest upon the earlier of (a) the one-year anniversary of the vesting commencement date (the day following the Issuer's 2025 Annual General Meeting) or (b) the date of the Issuer's 2026 Annual General Meeting.
• Vesting is subject to Mr. Sutardja's continued service through the vesting date.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as an insider (director) is acquiring shares, which can be interpreted as a sign of confidence in the company's future. However, it's a routine RSU grant, not an open market purchase, limiting the strength of the positive signal.

Positives

• An insider (Director Pantas Sutardja) acquired additional shares, which can signal confidence in the company's future prospects.
• The acquisition of restricted stock units aligns the director's interests with long-term shareholder value through continued service requirements.

Risks

• The vesting of the restricted stock units is contingent upon Mr. Sutardja's continued service to the company, meaning the shares are not immediately liquid or guaranteed.

Future Outlook

The restricted stock units are set to vest based on future service, aligning the director's compensation with the company's performance and his continued tenure through either the one-year anniversary of the 2025 Annual General Meeting or the 2026 Annual General Meeting.

Industry Context

This Form 4 filing represents a routine insider transaction, specifically an equity grant to a director, which is a common practice in the technology industry for executive and board compensation to incentivize long-term commitment and performance.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with long-term shareholder value through equity ownership and service-based vesting.
• Employees: No direct impact mentioned, but reflects standard compensation practices for leadership.

Next Steps

• The restricted stock units will vest upon the earlier of the one-year anniversary of the vesting commencement date (day following the 2025 Annual General Meeting) or the 2026 Annual General Meeting, subject to continued service.

Key Dates

Keywords

Credo Technology Group, CRDO, Pantas Sutardja, Director, Restricted Stock Units, RSU, Insider Transaction, Beneficial Ownership, Equity Compensation