Form 4: Credo Technology CEO Reports Future Share Dispositions
Insider Transaction Report
Credo Technology Group Holding Ltd's President and CEO, William Joseph Brennan, reported scheduled future dispositions of ordinary shares under a Rule 10b5-1 plan to cover tax withholding obligations related to RSU vesting.
Summary
- William Joseph Brennan, President & CEO and Director of Credo Technology Group Holding Ltd, filed a Form 4 reporting scheduled transactions under a Rule 10b5-1 plan.
- The plan includes the disposition of 5,169 Ordinary Shares on January 2, 2026, at a price of $143.22 per share.
- An additional 6,149 Ordinary Shares are scheduled for disposition on January 5, 2026, at a price of $140.24 per share.
- These "F" transactions represent shares to be withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units (RSUs).
- Following these scheduled transactions, Brennan's direct beneficial ownership will be 290,573 Ordinary Shares.
- Brennan also indirectly beneficially owns 1,882,502 Ordinary Shares through The Brennan Family Trust, DTD 09/06/2002, disclaiming beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine compliance filing for tax withholding related to RSU vesting, which is a common occurrence for executives and often pre-scheduled under a 10b5-1 plan.
Future Outlook
NA
Industry Context
NA
Key Dates
| Date | Description |
|---|---|
| 01/02/2026 | Scheduled transaction date for the disposition of 5,169 Ordinary Shares to satisfy tax withholding obligations. |
| 01/05/2026 | Scheduled transaction date for the disposition of 6,149 Ordinary Shares to satisfy tax withholding obligations. |
| 01/06/2026 | Date the Form 4 was signed by attorney-in-fact, reporting the scheduled transactions. |
Recommendation
holdThis Form 4 filing reports routine share dispositions by an insider to cover tax obligations upon RSU vesting, pre-scheduled under a 10b5-1 plan. Such transactions are common and do not typically reflect a change in management's outlook or a strategic move. Therefore, it provides no new fundamental information to alter an existing investment thesis, warranting a 'hold' recommendation based solely on this filing.
Keywords
Credo Technology Group, CRDO, Form 4, insider transaction, share disposition, RSU vesting, tax withholding, William Joseph Brennan, 10b5-1 plan
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