Form 4: Credo Tech COO Sells Shares for Tax Obligations

Credo Technology Group Holding Ltd's COO, Lam Yat Tung, disposed of 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), disposed of shares.
• On January 2, 2026, 2,304 Ordinary Shares were disposed of at a price of $143.22 per share.
• On January 5, 2026, an additional 3,062 Ordinary Shares were disposed of at a price of $140.24 per share.
• These transactions represent shares withheld by the issuer to satisfy tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
• Following these transactions, Lam Yat Tung directly beneficially owns 2,616,689 Ordinary Shares.
• Indirect beneficial ownership includes 125,000 Ordinary Shares held by EZ Trust and 400,000 Ordinary Shares held by Zhan BVI Co Ltd, with beneficial ownership disclaimed except for pecuniary interest.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates continued compensation and retention of a key executive.

Negatives

• No specific negative aspects are indicated by these routine tax-related transactions.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation and does not provide information relevant to broader industry trends or competitive analysis.

Comparison to Industry Standards

• Not applicable. This filing reports a standard executive compensation-related share disposal for tax purposes, which is a common practice across industries and does not lend itself to comparison with specific company or project results.

Related Party Transactions

• Indirect beneficial ownership of 125,000 Ordinary Shares by EZ Trust, where the reporting person disclaims beneficial ownership except to the extent of his spouse's pecuniary interest.
• Indirect beneficial ownership of 400,000 Ordinary Shares by Zhan BVI Co Ltd, where the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest therein.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine tax-related transactions and do not reflect a discretionary sale of shares.
• Employees: No direct impact on the broader employee base.

Key Dates

Keywords

Credo Technology Group Holding Ltd, CRDO, Form 4, Insider Transaction, Lam Yat Tung, Chief Operating Officer, Director, RSU Vesting, Tax Withholding, Share Disposal