Form 4: Credo Technology CFO Daniel Fleming Reports Routine Share Transactions

Credo Technology Group Holding Ltd's Chief Financial Officer, Daniel W. Fleming, reported routine share transactions, including the acquisition of shares through an employee stock purchase plan and the withholding of shares for tax obligations related to RSU vesting.

Summary

• Daniel W. Fleming, Chief Financial Officer and Director of Credo Technology Group Holding Ltd (CRDO), reported changes in his beneficial ownership of ordinary shares.
• On July 2, 2025, 2,460 ordinary shares were disposed of at a price of $89.37 per share. This disposition was due to shares being withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units (RSUs).
• The reported beneficial ownership of 588,678 shares includes the acquisition of 1,284 shares of the Issuer's common stock on June 30, 2025.
• These 1,284 shares were acquired pursuant to the Issuer's employee stock purchase plan (ESPP) for the purchase period of January 1, 2025, through July 1, 2025.
• The ESPP shares were purchased based on 85% of the grant date fair market value of a share on December 29, 2023.

Sentiment

Score: 6

Explanation: The filing reflects routine insider transactions, including both a disposition for tax purposes and an acquisition through an employee stock purchase plan. The net effect on beneficial ownership is a slight decrease from the tax withholding, but the ESPP acquisition indicates continued insider investment. Overall, it's a neutral to slightly positive signal due to the ESPP purchase.

Positives

• Acquisition of 1,284 shares through the Employee Stock Purchase Plan (ESPP) demonstrates continued insider investment in the company.
• The ESPP shares were purchased at a discount (85% of the grant date fair market value on December 29, 2023), indicating a benefit to the employee.

Negatives

• The disposition of 2,460 shares was due to tax withholding, which reduces the direct beneficial ownership, although it is a standard and expected part of RSU vesting.

Future Outlook

NA

Industry Context

This filing details routine insider share transactions for a specific company executive and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minor impact. The transactions are routine and reflect standard compensation practices for an executive. The ESPP acquisition shows continued insider alignment, while the tax withholding is a necessary part of RSU vesting.

Key Dates

Keywords

Credo Technology Group Holding Ltd, CRDO, Daniel W. Fleming, Chief Financial Officer, CFO, Director, SEC Form 4, insider trading, share transactions, RSU vesting, employee stock purchase plan, ESPP, beneficial ownership, stock withholding, tax obligations