Form 4: Credo Technology Group CFO Daniel W. Fleming Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Daniel W. Fleming, CFO of Credo Technology Group Holding Ltd, sold 3,790 ordinary shares at a weighted average price of $36.1412 on October 16, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On October 16, 2024, Daniel W. Fleming, the Chief Financial Officer of Credo Technology Group Holding Ltd, sold 3,790 ordinary shares of the company.
- The sale was executed at a weighted average price of $36.1412 per share.
- The transactions occurred in multiple trades with prices ranging from $35.835 to $36.54.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on July 1, 2024.
- Following the transaction, Fleming directly owns 671,420 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| July 1, 2024 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| October 16, 2024 | Date of the transaction (sale of shares) |
| October 18, 2024 | Date of the Form 4 filing |
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