4/A: Credo Technology Group CEO William Brennan Corrects Previous SEC Filing Regarding Share Sales
SEC Filing Amendment
William Brennan, CEO of Credo Technology Group, files an amended Form 4/A to correct the number of shares sold to cover tax obligations related to RSU vesting.
Summary
- William Brennan, the President and CEO of Credo Technology Group Holding Ltd, filed an amended Form 4/A with the SEC.
- This amendment corrects a previous filing from March 10, 2023, regarding the number of shares sold on March 9, 2023, to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
- The corrected filing indicates that 23,670 shares were sold at a weighted average price of $9.9453, with individual trades ranging from $9.88 to $10.05.
- The initial filing incorrectly reported that 24,446 shares were sold.
- Following the corrected transaction, Brennan beneficially owns 475,875 ordinary shares.
Sentiment
Score: 6
Explanation: The document is a routine correction of a previous filing. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The correction itself is a positive sign of transparency.
Negatives
- The initial Form 4 filing contained an error regarding the number of shares sold.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into executive transactions and holdings.
Key Dates
| Date | Description |
|---|---|
| 03/09/2023 | Date of the share sale transaction. |
| 03/10/2023 | Date of the original, incorrect Form 4 filing. |
| 02/20/2025 | Date of signature on the amended Form 4/A. |
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