Form 4: Credo Technology Group CFO Daniel W. Fleming Sells Shares
SEC Form 4 Filing
Daniel W. Fleming, CFO of Credo Technology Group Holding Ltd, sold a total of 16,288 ordinary shares on March 6, 2025, according to a Form 4 filing with the SEC.
Summary
- On March 6, 2025, Daniel W. Fleming, the Chief Financial Officer of Credo Technology Group Holding Ltd, sold 15,782 ordinary shares at a weighted average price of $42.8119.
- He also sold 506 ordinary shares at a weighted average price of $43.267.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on July 1, 2024.
- Following these sales, Fleming still beneficially owns 617,312 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to sell shares periodically for personal financial management, especially under pre-arranged trading plans.
Stakeholder Impact
- The share sales by the CFO could have a minor impact on shareholder sentiment, but the existence of a pre-arranged trading plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 2024-07-01 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-03-06 | Date of share sales |
| 2025-03-10 | Date of Form 4 filing |
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