Form 4: Credo Technology Group CFO Daniel W. Fleming Sells Shares Under 10b5-1 Plan

Daniel W. Fleming, CFO of Credo Technology Group Holding Ltd, sold 3,790 ordinary shares at a weighted average price of $40.7528 per share under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 11, 2025, 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 $40.7528 per share.
• The transactions occurred within a price range of $40.05 to $41.01.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on July 1, 2024.
• Following the transaction, Fleming directly owns 608,602 ordinary shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine sale of shares under a pre-existing trading plan. There is no indication of positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The impact on the stock price is usually minimal unless the sale is unusually large or coincides with other negative news.

Stakeholder Impact

• The sale of shares by the CFO could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant impact due to the relatively small number of shares sold and the existence of the 10b5-1 trading plan.

Key Dates

Keywords

Credo Technology Group, CRDO, Daniel W. Fleming, CFO, share sale, Form 4, Rule 10b5-1 plan, insider trading