Form 4: Credo Technology Group CEO William Brennan Reports Share Disposal for Tax Obligations

William Joseph Brennan, CEO of Credo Technology Group Holding Ltd, reported disposing of shares to cover tax withholding obligations related to vested RSUs.

Summary

• On April 2, 2025, William Joseph Brennan, the President and CEO of Credo Technology Group Holding Ltd, disposed of 6,149 ordinary shares to satisfy tax withholding obligations.
• The shares were disposed of at a price of $43.04 per share.
• Following the transaction, Brennan directly owns 463,577 ordinary shares.
• Brennan also has indirect ownership of 2,226,978 ordinary shares through The Brennan Family Trust, DTD 09/06/2002, but disclaims beneficial ownership except to the extent of his pecuniary interest.
• The transaction was reported on April 4, 2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to share disposal for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The share disposal has a minor dilutive effect on existing shareholders.
• The transaction ensures the CEO remains compliant with tax obligations related to his compensation.

Key Dates

Keywords

Credo Technology Group, William Brennan, share disposal, Form 4, tax withholding, RSUs, ordinary shares, beneficial ownership