Form 4: Credo Technology CEO Reports Tax-Related Share Disposition Following RSU Vesting

Credo Technology Group Holding Ltd's President and CEO, William Joseph Brennan, reported the disposition of 6,149 ordinary shares valued at $60.96 each, primarily to cover tax obligations related to the vesting of Restricted Stock Units.

Summary

• William Joseph Brennan, President & Chief Executive Officer and Director of Credo Technology Group Holding Ltd, filed a Form 4.
• The transaction occurred on June 1, 2025, and involved the disposition of 6,149 Ordinary Shares.
• The shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units (RSUs).
• The price per share for the disposed securities was $60.96.
• Following the transaction, Mr. Brennan directly beneficially owns 451,279 Ordinary Shares.
• Additionally, Mr. Brennan indirectly beneficially owns 2,226,978 Ordinary Shares through The Brennan Family Trust, DTD 09/06/2002, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The transaction reflects the vesting of Restricted Stock Units (RSUs), a positive compensation event for the executive, with the share disposition being a routine tax-related withholding rather than a discretionary sale.

Positives

• The transaction represents the vesting and settlement of Restricted Stock Units (RSUs), indicating a successful compensation event for the CEO.
• The disposition of shares was solely for tax withholding purposes, not a discretionary sale by the executive, which is a routine and expected part of equity compensation.

Negatives

• The disposition of 6,149 shares, while for tax purposes, results in a reduction of the CEO's direct shareholding.

Future Outlook

NA

Management Comments

• The shares represent shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.

Industry Context

This Form 4 filing is a standard disclosure of an insider transaction, specifically related to executive compensation. Such tax-related dispositions upon RSU vesting are common across industries as a mechanism for executives to cover tax liabilities arising from equity awards.

Related Party Transactions

• The reporting person disclaims beneficial ownership of shares held by The Brennan Family Trust, DTD 09/06/2002, except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Minimal direct impact on shareholders as it's a routine tax-related transaction for executive compensation.

Key Dates

Keywords

Credo Technology Group Holding Ltd, CRDO, Form 4, insider transaction, share disposition, RSU vesting, executive compensation, stock ownership, William Joseph Brennan