Form 4: Credo Technology Director Sells Over 170,000 Shares in Pre-Planned Transactions

Lip-Bu Tan, a Director of Credo Technology Group Holding Ltd, disposed of 171,473 ordinary shares through pre-arranged Rule 10b5-1 trading plans on June 16, 2025.

Summary

• Lip-Bu Tan, a Director of Credo Technology Group Holding Ltd (CRDO), reported the sale of 171,473 ordinary shares.
• The transactions occurred on June 16, 2025, and were executed at weighted average prices ranging from $76.6506 to $79.1236 per share.
• The sales were conducted pursuant to a Rule 10b5-1 pre-planned trading arrangement, indicating the transactions were scheduled in advance.
• Following these sales, Mr. Tan's total beneficial ownership in Credo Technology Group Holding Ltd stands at 840,618 ordinary shares.
• The shares were primarily disposed of indirectly through Walden Technology Ventures Investments II, L.P., with additional indirect holdings through Lip-Bu Tan and Ysa Loo Trust and A&E Investment LLC, and some direct holdings.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive due to the disclosure of a pre-planned 10b5-1 sale, which mitigates the negative perception typically associated with insider selling. The sale itself is a factual event without explicit positive or negative commentary from the company.

Positives

• The transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, which indicates the sales were pre-scheduled and not based on new, non-public information, mitigating concerns about opportunistic insider selling.
• The reporting person undertakes to provide full information regarding the number of shares and prices upon request, demonstrating transparency.

Negatives

• The sale of a significant number of shares by a director, totaling 171,473 ordinary shares, could be perceived negatively by some investors, despite being part of a pre-planned trading arrangement.

Risks

• Potential for misinterpretation by the market regarding the director's share sales, despite the 10b5-1 plan, which could lead to short-term negative sentiment or share price volatility.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Industry Context

This Form 4 filing is specific to an individual insider's trading activity and does not provide broader industry context or trends.

Corporate Governance

Stakeholder Impact

• Shareholders: May observe a director's reduction in direct and indirect holdings, which could influence their perception of the stock, though the 10b5-1 plan aims to mitigate negative interpretations.

Key Dates

Keywords

Credo Technology Group Holding Ltd, CRDO, Lip Bu Tan, Form 4, Insider Trading, Share Sale, Director, 10b5-1 Plan, Equity Disposal