Form 4: Credo Technology Director Sells Shares Under 10b5-1 Trading Plan

Pantas Sutardja, a director at Credo Technology Group, sold 21,041 ordinary shares at a price of $68.1858 per share, under a pre-arranged 10b5-1 trading plan.

Summary

• Pantas Sutardja, a director of Credo Technology Group Holding Ltd, sold 21,041 ordinary shares.
• The sale occurred on December 20, 2024, at a price of $68.1858 per share.
• The transaction was executed under a Rule 10b5-1 trading plan adopted on June 26, 2024.
• Following the transaction, Sutardja directly owns 5,904,277 ordinary shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a pre-planned share sale by a director. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives and directors to use 10b5-1 trading plans to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a standard practice among publicly traded companies to allow insiders to sell shares without the appearance of trading on non-public information.
• Similar filings are regularly made by directors and officers of other technology companies such as Broadcom, Marvell, and Nvidia.

Stakeholder Impact

• The share sale may have a minor impact on the stock price, but it is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates

Keywords

Form 4, insider trading, share sale, 10b5-1 plan, Credo Technology, CRDO, Pantas Sutardja, director