Form 4: Credo Technology Group CFO Disposes of Shares for Tax Obligations Following RSU Vesting

Credo Technology Group Holding Ltd's Chief Financial Officer, Daniel W. Fleming, disposed of 2,460 ordinary shares valued at $60.96 per share to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).

Summary

• Daniel W. Fleming, Chief Financial Officer of Credo Technology Group Holding Ltd (CRDO), reported a disposition of ordinary shares.
• The transaction involved 2,460 ordinary shares disposed of on June 1, 2025.
• The shares were disposed of at a price of $60.96 per share.
• This disposition was categorized as a 'F' transaction code, indicating shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.
• Following this transaction, Mr. Fleming beneficially owns 606,142 ordinary shares directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, expected transaction for tax purposes related to RSU vesting, which does not inherently indicate positive or negative company performance.

Positives

• The transaction indicates the vesting of Restricted Stock Units (RSUs) for the Chief Financial Officer, which is a positive event for the executive as it represents a realization of compensation.

Negatives

• No direct negative implications are apparent from this routine tax-related share disposition.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The filing indicates that the shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.

Industry Context

This specific Form 4 filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends. It reflects standard executive compensation practices within publicly traded companies.

Stakeholder Impact

• Shareholders: This is a routine, non-material transaction that has minimal direct impact on shareholders. It reflects a standard aspect of executive compensation.

Key Dates

Keywords

Credo Technology Group, CRDO, SEC Form 4, Insider Transaction, Share Disposition, Tax Withholding, RSU Vesting, Daniel W. Fleming, Chief Financial Officer