Form 4: Credo Technology COO Lam Yat Tung Discloses Routine Stock Transaction for Tax Withholding
Insider Transaction Report
Credo Technology Group Holding Ltd's Chief Operating Officer, Lam Yat Tung, reported a disposition of 3,174 ordinary shares at $60.96 per share to cover tax obligations related to RSU vesting.
Summary
- Lam Yat Tung, Chief Operating Officer and Director of Credo Technology Group Holding Ltd (CRDO), reported a transaction on June 1, 2025.
- The transaction involved the disposition of 3,174 ordinary shares at a price of $60.96 per share.
- These shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units (RSUs).
- Following this transaction, Lam Yat Tung directly beneficially owns 2,762,925 ordinary shares.
- Additionally, Lam Yat Tung indirectly beneficially owns 1,000,000 ordinary shares through Zhan BVI Co Ltd, though disclaims beneficial ownership except to the extent of any pecuniary interest.
Sentiment
Score: 5
Explanation: The document reports a routine administrative transaction (shares withheld for tax obligations upon RSU vesting) and does not contain information that would significantly alter the company's financial outlook or operational status. It is a neutral disclosure.
Future Outlook
NA
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically related to tax withholding upon RSU vesting. Such transactions are common across all industries for executives receiving equity compensation and do not typically reflect broader industry trends or competitive positioning.
Related Party Transactions
- Lam Yat Tung indirectly holds 1,000,000 ordinary shares through Zhan BVI Co Ltd, though beneficial ownership is disclaimed except to the extent of any pecuniary interest therein.
Stakeholder Impact
- Shareholders: The transaction is a routine administrative event and is unlikely to have a material impact on the company's share price or overall shareholder value.
- Employees: The RSU vesting and associated tax withholding are standard components of executive compensation, reflecting the company's compensation practices.
Key Dates
| Date | Description |
|---|---|
| 06/01/2025 | Date of the reported transaction where shares were disposed of for tax withholding. |
| 06/03/2025 | Date the Form 4 filing was signed and submitted. |
Keywords
Credo Technology Group Holding Ltd, CRDO, SEC Form 4, insider transaction, stock ownership, Chief Operating Officer, RSU vesting, tax withholding, beneficial ownership
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