Form 4: Credo Technology Director Tan Lip Bu Sells Shares in Multiple Transactions

Director Tan Lip Bu of Credo Technology Group Holding Ltd sold a significant number of shares indirectly through Walden Technology Ventures Investments II, L.P. over several days in December 2024.

Summary

• Tan Lip Bu, a director at Credo Technology Group Holding Ltd, has sold a substantial number of ordinary shares indirectly through Walden Technology Ventures Investments II, L.P.
• The sales occurred over several days, starting on December 12, 2024, and continuing through December 16, 2024.
• The transactions involved multiple trades at varying prices, with weighted average sale prices reported for each day.
• On December 12, 2024, 900 shares were sold at $69 per share.
• On December 13, 2024, 37,231 shares were sold at a weighted average price of $73.2985.
• Also on December 13, 2024, 61,869 shares were sold at a weighted average price of $73.8192.
• On December 16, 2024, 77,095 shares were sold at a weighted average price of $75.8727.
• Also on December 16, 2024, 68,439 shares were sold at a weighted average price of $76.9277.
• Finally, on December 16, 2024, 4,466 shares were sold at a weighted average price of $77.5253.
• Following these transactions, the number of shares indirectly held by Walden Technology Ventures Investments II, L.P. decreased from 1,512,825 to 1,263,725.
• Tan Lip Bu also indirectly holds 133,583 shares through the Lip-Bu Tan and Ysa Loo Trust, and 39,736 shares through A&E Investment LLC, and directly holds 49,166 shares.

Sentiment

Score: 4

Explanation: The document details a significant sale of shares by a director, which could be viewed negatively by the market, but it is a normal part of market activity. The sentiment is therefore slightly negative.

Negatives

• The director's sale of a significant number of shares could be interpreted negatively by the market.

Risks

• The market may react negatively to the director's share sales, potentially impacting the stock price.
• The large volume of shares sold by a director could raise concerns about the company's future prospects.

Industry Context

Insider trading activity is closely monitored by investors and regulators, and these transactions are a normal part of the market.

Comparison to Industry Standards

• It is common for directors and officers to trade shares of their companies, and these transactions are usually disclosed through SEC filings.
• The volume and frequency of these sales are not unusual for a director of a publicly traded company.
• The price range of the sales is within the normal fluctuations of the stock price.

Stakeholder Impact

• Shareholders may react to the director's share sales, potentially impacting the stock price.
• The sales could affect market perception of the company's prospects.

Key Dates

Keywords

insider trading, share sale, director, Tan Lip Bu, Credo Technology, CRDO, Walden Technology Ventures