Form 4: Credo Technology CFO Daniel Fleming Reports Routine Stock Disposition for Tax Obligations
Insider Transaction Report
Credo Technology Group Holding Ltd's Chief Financial Officer, Daniel W. Fleming, reported a disposition of 2,460 ordinary shares at $93.61 per share to cover tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- Daniel W. Fleming, Chief Financial Officer of Credo Technology Group Holding Ltd (CRDO), reported a transaction involving the company's ordinary shares.
- The transaction, dated July 5, 2025, involved the disposition of 2,460 ordinary shares.
- The shares were disposed of at a price of $93.61 per share.
- This disposition was identified as a 'Code F' transaction, indicating shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units (RSUs).
- Following this transaction, Daniel W. Fleming beneficially owns 586,218 ordinary shares directly.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine, non-discretionary disposition of shares for tax withholding purposes related to RSU vesting, which does not indicate a change in management's confidence or company performance.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing, as it pertains solely to a past insider transaction.
Industry Context
This Form 4 filing details a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends or competitive dynamics.
Stakeholder Impact
- Shareholders: Minimal direct impact, as this is a routine, non-discretionary transaction for tax purposes related to executive compensation. It does not signal a change in company fundamentals or management's view of the stock.
Key Dates
| Date | Description |
|---|---|
| 07/05/2025 | Date of transaction (disposition of shares for tax withholding). |
| 07/08/2025 | Date the Form 4 was signed and filed. |
Keywords
Credo Technology Group Holding Ltd, CRDO, Daniel W. Fleming, Chief Financial Officer, CFO, Form 4, SEC filing, insider transaction, stock disposition, tax withholding, Restricted Stock Units, RSU vesting
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